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BMW loss before interest and taxes $786 million

Christian Fernsby ▼ | August 5, 2020
BMW said it swung to a $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.
Loss   BMW
In May, the auto maker warned it would post a second quarter loss and slashed its outlook, forecasting an automotive margin on earnings before interest and taxes (EBIT) of 0% to 3% this year.

Topics: BMW

BMW said it expected an operating profit for the full year even as coronavirus lockdowns pushed the carmaker to a second quarter operating loss as deliveries of luxury cars fell 25% during the period.