BMW plunges to Q2 loss
The global health crisis took its toll on BMW, which posted a second-quarter loss on Wednesday (August 5).
The German carmaker saw a $787 million loss before interest and taxes, as sales of luxury cars slumped.
That's down from $2.6 billion profit a year before.
The company's earnings before interest and tax was pushed to a negative 10.4% in the quarter, as BMW ramped up investments in expensive electric car technology.
Despite the loss, BMW said it was 'cautiously optimistic' about the rest of 2020 and still expected to make a profit for the full year.
Car sales have begun to recover in some markets, for instance, including in China.
But the company warned the rebound would not be enough to make up for the shortfall in sales because of the pandemic.
Shares fell 3% in early trade.
Honda also showed the global health crisis has hit automakers hard on Wednesday,
The Japanese carmaker forecast a near 70% drop in annual profit to a 10-year low.
Honda joins rivals Nissan and Mitsubishi in forecasting losses for the year.
相關影片推薦
- 1:48屏東黑鮪魚季人潮爆滿 華僑市場成「違停熱區」華視影音9,809 次觀看・11 小時前
- 1:53女遭水豚咬傷腿濺血 業者:理賠4.5萬繼續協商華視影音2,767 次觀看・11 小時前
- 16:23中美貿易戰 美國祭出電動車高關稅反傷自己?陳鳳馨指關鍵在歐盟!【#風向龍鳳配】風向台灣4,356 次觀看・1 天前
- 2:45一分鐘報天氣 / 週一 (05/20) 下週平日鋒面及西南風影響 務必留意雷陣雨不穩定天氣Yahoo奇摩新聞(報氣象)2,178 次觀看・6 小時前
- 1:48詭! 女子90度低頭「呆站不動」目擊民眾:她眼睜好大東森新聞影音109,831 次觀看・3 天前
- 2:12澳洲5寶媽攜6.9公斤毒闖台遭逮 親友聲援喊搶救華視影音24,052 次觀看・5 小時前
- 3:21不讓進場!韓國瑜遭女綠委熊抱 藍綠拉扯5分鐘華視影音20,353 次觀看・12 小時前
- 0:37太多盜版吳彥祖! 本尊開抖音「搜不到帳號」 呼籲粉絲:收手吧TVBS新聞網影音1,259 次觀看・9 小時前
- 1:56驚! 花882元吃合點壽司「鑽出蛞蝓」 女:險下肚TVBS新聞網影音1,335 次觀看・9 小時前
- 2:03518國際博物館日 故宮"免費逛"湧入大批民眾民視影音2,549 次觀看・1 天前
熱門必看
- 1:03湯唯與孔劉劇照曝光 兩人笑臉盈盈好養眼娛樂星聞47,091 次觀看・4 天前
- 3:01甜點、便當通通只要日幣XXX元! 網友實測LAWSON 100有多好逛Yahoo創作摩人37,279 次觀看・1 週前
- 12:47【不夠善良的我們】大結局解析+討論 照顧情敵的原因?何瑞之到底愛不愛老婆?許瑋甯也太會演了吧!Ki笑人生84,961 次觀看・1 週前
- 12:582024買不起房,都是自己害的?近30年台灣房價都不會下跌,未來房子只會越來越小 ft.游庭皓SHIN LI71,780 次觀看・1 週前
- 9:14【爆球連發】" OS特化扳機 !! " OS-109 獨角獸 開箱測試雷達之星15,844 次觀看・5 天前