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BMW records first quarterly loss since 2009 but sees rebound in China

BMW records first quarterly loss since 2009 but sees rebound in China

BMW said it swung to a 666 million billion euros ($786 million) loss before interest and taxes in the quarter ending June, down from a 2.2 billion euros operating profit in the year-earlier quarter. The company said China is bright spot though, which was hit earlier by the virus but also reopened sooner. Sales there rose 17% in the second quarter compared with the year-earlier quarter.

David
David
FAKENEWSVOICE=CCP BIAS
FAKENEWSVOICE=CCP BIAS 1 months

Such contradiction. Companies are just forced to go to China because of the ever increasing expectations of investors that they can't satisfy so instead they just make up the numbers in China.

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