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MUNICH— BMW AG warned of a tough business outlook for the rest of the year, citing difficulty in reversing declining sales in the U.S. on top of uncertainty in China and Europe.

The sober outlook sent the luxury-auto maker’s stock price down more than 4% despite BMW’s reporting a rise in first-quarter profit.

“We expect that the U.S. trend will continue until the summer,” Mr. Krüger said. BMW first-quarter sales in the U.S. fell 11% from the year-earlier period.

Amid a strong shift in the U.S. toward sport-utility vehicles, the German auto maker is now boosting production of SUVs in the U.S. and cutting back on sedans. BMW expects its U.S. business to pick up in the second half of the year.





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BMW Warns U.S. Sales Slump To Continue Through Summer - Stock Drops 4% on Weak Outlook

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