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BMW Sees Solid Auto Returns Despite Ukraine War, Chip Crisis

  • Conflict fallout seen weighing on production, profitability
  • Carmaker says it could deliver early on 2030 EV sales targets
Bloomberg business news
BMW Sees Solid Returns Despite Ukraine War, Chip Crisis
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BMW AG said operating returns for its automotive business will remain robust this year, even as the war in Ukraine and a global semiconductor shortage weigh on production.

The company on Wednesday lowered its estimate for automaking returns to between 7% and 9% for 2022, noting that the target range would have been 8% to 10% were it not for Russia’s invasion. BMW expects deliveries to remain flat at about 2.5 million.