BMW On Track to Meet 2020 Financial Targets, CFO Peter Says
- Carmaker will comply with emissions rules this year and next
- Strong China demand boosted sales in the third quarter
A BMW automobile i8 electric vehicle
Photographer: Peter Juelich/Bloomberg
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BMW AG is on track to meet its full-year targets after a recovery in auto sales led by China helped the manufacturer weather the coronavirus pandemic.
The German carmaker will meet both its full-year forecasts and the European Union-mandated CO2 targets this year, Chief Financial Officer Nicolas Peter said Thursday. He cited a boon from China, where car sales rose by a fifth in September from a year ago.