BMW Marks EV Two-Million Milestone While Profit Slides and Costs Tighten
BMW highlights milestones including delivering its two-millionth electric vehicle and ramping up production of the i3, alongside ongoing share repurchases. First-half pre-tax profit fell to €4.045 billion on revenue of €62.266 billion, with the first-half EBT margin at 5.4%. Capital expenditure dropped 30.5% to €1.9 billion and vehicle deliveries declined 4.2%.