BMW Chairman sees company on track despite lower profitability in Q2

Despite continued growth in vehicle deliveries in the latest quarter (Q2) and rising revenue, BMW has reported a year-on-year decline in group earnings before interest and taxes (EBIT) of 8.8%, with Automotive earnings alone some 13.0% below the April-June 2012 result. However, although the group EBIT margin fell to 10.6% Subscribe to Automotive World to … Continued

• By Martin Kahl
• August 1, 2013