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Bayerische Motoren Werke AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following business segments: Automotive, Motorcycles, Financial Services, and Other Entities. Read More The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles, under the following brands: BMW, MINI, and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment focuses on the premium segment. The Financial Services segment offers credit financing, leasing and other services to retail customers. The company was founded on March 6, 1916 and is headquartered in Munich, Germany. BMWYY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
Munich, Bayern (Bavaria)
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BMW -5% after profit warning
BMW (OTCPK:BMWYY) announces a comprehensive $13.6B cost savings and efficiency plan to help offset some of the costs if developing electric vehicles.
The Motley FoolMar 18
BMW Profit Drops on Future Tech Spending
In a preliminary report of its full-year 2018 earnings, BMW AG (NASDAQOTH:BMWYY) (NASDAQOTH:BAMXF) said on March 15 that its operating profit fell 7.9% from a year ago, to 9.12 billion euros ($10.3 billion), on unfavorable exchange-rate movements and higher investments in electric vehicles.
Simply Wall StMar 15