BMW shares fall sharply after profit warning

TodmordenLad · 03-20-2019, 04:40 AM

https://www.irishtimes.com/business/...ning-1.3832406

BMW has warned its earnings will fall "well below" last year's level, and has embarked on a €22bn efficiency drive to offset the impact of trade conflicts and unprecedented spending on electric cars.

NickyC · 03-20-2019, 10:08 AM

Yeah, the auto industry across the board is hurting. Cars are just too damned expensive now, I cannot believe the prices I'm seeing these days.

Big factor in taking out an extended four year warranty on my current car, I'm going to have it for a long time I think.

mbanck · 03-20-2019, 12:19 PM

Quick, give me some teaser photo of the next 2GC to divert attention form our profit warning!

otay · 03-20-2019, 08:10 PM

https://www.autonews.com/automakers-...profit-warning

Quote:

BMW flagged a challenging year ahead last week, saying great efforts will be necessary to push through the costly shift to electric and self-driving vehicles as markets fall and trade concerns mount.

The company said automotive profit margin will be in the range of 6 to 8 percent this year, below an 8 to 10 percent long-term target. Last year BMW's automotive margin was 7.2 percent.

Peter said that guidance could fall further if conditions worsen.

"The high level of volatility makes it difficult to provide a clear forecast," BMW said. "Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy," Peter said.

otay · 03-20-2019, 08:12 PM

Sorry...re-post, I see TodmordenLad already posted...

gatorfast · 03-20-2019, 08:48 PM

Quote:

Originally Posted by NickyC

Yeah, the auto industry across the board is hurting. Cars are just too damned expensive now, I cannot believe the prices I'm seeing these days.

Big factor in taking out an extended four year warranty on my current car, I'm going to have it for a long time I think.

Agreed, new car prices have gotten out of hand. Base model 3 series are $50k+ now, just nuts.

yco · 03-20-2019, 09:14 PM

BMW should stop producing 7 X's and more great engines instead.. they ll save a lot..

irishbimmer · 03-20-2019, 09:16 PM

Agreed-I purchased my slightly used 2015 M6 comp pack with 20,000 miles with factory warranty for $59k this summer. It seemed like a steal compared to the price of new and lesser car. Glad I did.

The Automotive Enthusiast · 03-20-2019, 10:24 PM

Quote:

Originally Posted by yco

BMW should stop producing 7 X's and more great engines instead.. they ll save a lot..

They should stop selling the exact models that are really profitable. Great logic. Makes sense.

The Automotive Enthusiast · 03-20-2019, 10:26 PM

Both German rivals of BMW have already hinted huge cost cutting measures are on the way as well.

03-20-2019, 04:40 AM	#1
TodmordenLad Brigadier General 3241 Rep 4,307 Posts Drives: Audi A4 Avant Join Date: May 2015 Location: UK iTrader: (0)	https://www.irishtimes.com/business/...ning-1.3832406 BMW has warned its earnings will fall "well below" last year's level, and has embarked on a €22bn efficiency drive to offset the impact of trade conflicts and unprecedented spending on electric cars. __________________ Owned: 440i GC LCI with MPPSK, F31 330D M Sport with MPPK, F11 530D SE, F11 520D SE, E61 530D M Sport, E36 325i plus many MB's, Audi's & Volvo's
	Appreciate 0 Tweet Quote

03-20-2019, 10:08 AM	#2
NickyC Lieutenant General 22024 Rep 12,005 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (24)	Yeah, the auto industry across the board is hurting. Cars are just too damned expensive now, I cannot believe the prices I'm seeing these days. Big factor in taking out an extended four year warranty on my current car, I'm going to have it for a long time I think.
	Appreciate 1 TheMidnightNarwhal3068.50 Quote

03-20-2019, 12:19 PM	#3
mbanck Captain 1028 Rep 943 Posts Drives: BMW E46 320ci, BMW F34 330dx Join Date: Sep 2018 Location: Munich iTrader: (0)	Quick, give me some teaser photo of the next 2GC to divert attention form our profit warning!
	Appreciate 1 mkoesel7500.00 Quote

03-20-2019, 08:12 PM	#5
otay Major 836 Rep 1,343 Posts Drives: 2015 335i Join Date: Aug 2014 Location: Raleigh, NC iTrader: (0)	Sorry...re-post, I see TodmordenLad already posted...
	Appreciate 0 Quote

03-20-2019, 09:14 PM	#7
yco i'm just saying 6663 Rep 2,635 Posts Drives: E71 X6M '10 (sold) Join Date: Jan 2018 Location: Istanbul & Kyiv iTrader: (0)	BMW should stop producing 7 X's and more great engines instead.. they ll save a lot..
	Appreciate 0 Quote

03-20-2019, 09:16 PM	#8
irishbimmer Banned 1136 Rep 1,561 Posts Drives: Silverstone M6 CP, Bulldozer, Join Date: Sep 2013 Location: Orange County, CA iTrader: (0)	Agreed-I purchased my slightly used 2015 M6 comp pack with 20,000 miles with factory warranty for $59k this summer. It seemed like a steal compared to the price of new and lesser car. Glad I did.
	Appreciate 0 Quote

03-20-2019, 10:26 PM	#10
The Automotive Enthusiast Retired BMW Genius 3048 Rep 3,404 Posts Drives: 2018 Audi S5 Coupe Join Date: Apr 2010 Location: DMV iTrader: (1)	Both German rivals of BMW have already hinted huge cost cutting measures are on the way as well.
	Appreciate 0 Quote