Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-based services.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BMW’s Profits Hit by Electric Vehicle and Emissions CostsThe German luxury car maker’s second-quarter net earnings tumbled 29%, hit by exchange rate fluctuations and manufacturing costs for electric vehicles.
Read more »
Luxury Retailer Selfridges Opens Christmas Shop 149 Days Early Despite HeatwaveThe summer Christmas launch boosts the firm's year-on-year-sales.
Read more »
Does Anyone Really Need a $5,000 Vape Case? Apparently, YesFor certain nicotine-craving consumers, leather and gold vape cases from companies like Vianel and Miansai add look-at-me luxury to their Juul devices
Read more »
17 Luxury Handbags that Look Exactly the Same, but Prove You Know How to ReadIf an accessory isn't stamped with a giant sans serif logo in 2019, does it really even exist?
Read more »
The Best Hotels In Cabo San LucasFrom romantic hideaways to tranquil oases to family-friendly fun, these are the top 10 luxury hotels in Cabo San Lucas.
Read more »
Inside the Sicilian Resort Where Celebrities Are Flocking This WeekendHarry Styles, Karlie Kloss, Bradley Cooper, Leonardo DiCaprio, and Lady Gaga are all rumored to be at this luxury resort. Here is why.
Read more »