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BMW cuts Predicted Profits as EU tightens Pollution Laws
Let’s face it. The auto industry worldwide is taking a beating. The U.S. is, especially, is in the middle of some vicious smackdown.
But Europe, still one of the biggest markets after the U.S., is also bruised and battered.
It seems that only BMW and Daimler have conceded that there’s a problem. BMW reduced its profits expectations for 2008. Mercedes-Benz, which is suffering from falling sales in key markets, may cut production by at least 50,000 units during the rest of this year.
But Europe, still one of the biggest markets after the U.S., is also bruised and battered.
It seems that only BMW and Daimler have conceded that there’s a problem. BMW reduced its profits expectations for 2008. Mercedes-Benz, which is suffering from falling sales in key markets, may cut production by at least 50,000 units during the rest of this year.
