Thursday, March 9, 2017

BMW profitability dropped in 2016 amid tech rivalry

BMW profitability dropped in 2016 amid tech rivalry http://ift.tt/2mFhxjQ reported its weakest profitability since 2010, capping a negative year for CEO Harald Krueger after the brand lost the industry sales crown to rival Mercedes. Amid higher spending on technology, BMW's automotive profit margin fell to 8.

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