BMW - Premium Car Manufacturer Holds Up Well Despite Weakness in China in a Weak Market Environment!
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Business drivers: The Bavarian premium car manufacturer BMW, with its core brands BMW, MINI, and Rolls-Royce, is one of the leading providers in the upscale price segment. Currently, like many other car manufacturers, BMW is suffering from declining sales due to economic uncertainties in many end markets. Especially in China, the Munich-based company has recently faced significant sales declines, while in Europe and the USA, it managed to report a solid revenue increase of 8% and +2.7% respectively in Q1. In the context of the pre-earnings call...
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