BMW, the world's largest premium automaker, swung to a first-quarter operating loss amid sinking sales of luxury cars like the X3 crossover and refused to give a profit forecast for the full year.
The company said on Wednesday that it posted a loss before interest and taxes of 55 million euros ($73.7 million).
The company said it was still not possible to give a reliable earnings forecast for the year, and CEO Norbert Reithofer told reporters that there were no signs the market would recover until next year.
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