08-01-2023, 12:49 PM | #1 |
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BMW AG updates 2023 guidance; warns of higher expenses
From August 1, 2023:
https://www.press.bmwgroup.com/globa...dance-for-2023 Item of interest: "Furthermore, the BMW Group expects higher expenses for suppliers due to inflation and the supply chain to continue to be a headwind in the second half of the year." Corporate guidance updates can be difficult to interpret. This particular BMW guidance has been described as "confusing" by one analyst. But another update from Ford may provide more clues. https://www.foxbusiness.com/technolo...reased-revenue "Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion." |
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