BERLIN — BMW expects to reach the higher end of its 7-9 percent margin target for the cars business and sees slight sales growth in 2023, Chief Financial Officer Nicolas Peter said.
Demand was recovering in China in the third quarter after lockdowns plagued the first half, Peter said, describing it as a “roller coaster” year in their largest sales market.
In Europe, order books were still full but demand was weak in Germany and the UK, and stronger in France, Spain and Italy.
BMW expects to hit its target of 10 percent fully electric sales this year at around 240,000 to 245,000 vehicles and could see that figure rising to around 400,000 next year, Peter said on Monday.
Like other carmakers, BMW has had to contend with shortages of semiconductors and supply chain disruptions related to the pandemic that have slowed the production of EVs.
Compared to last year, global sales this year will be slightly lower due to losses in the first half, according to Peter.
Next year, however, the company aims to make “another big leap” in purely electric vehicles, he added.
Asked how BMW was responding to the gas shortage in Europe, Peter said it had reduced its gas intake in Germany and Austria by 15 percent and expected to be able to cut it further.
“The gas issue will not have any direct impact on us this year,” Peter said, adding they had also not seen any production cuts in its supplier network so far.
Volkswagen and Mercedes-Benz have outlined contingency plans in the past week should their supplier networks fail to deliver parts, including increasing orders from suppliers outside of the European countries most affected by the gas crisis.
Peter did not give specifics on whether BMW was doing the same but said it had developed a far closer relationship with its supplier network since the chip shortage.
Bloomberg contributed to this report
buy stromectol canada – buy stromectol pills tegretol for sale
generic isotretinoin 10mg – purchase accutane generic buy linezolid 600 mg online cheap
azithromycin medication – tinidazole us generic bystolic 20mg
order neurontin 100mg sale – order clomipramine 50mg generic buy cheap generic sporanox
amoxiclav oral – purchase augmentin online cheap order cymbalta 20mg online cheap
clavulanate uk – duloxetine 20mg without prescription order duloxetine online
zanaflex sale – order plaquenil 200mg pills how to get hydrochlorothiazide without a prescription
tadalafil order online – sildenafil otc cost viagra 100mg
sildenafil cost – cheap tadalafil 10mg order tadalafil 5mg
cenforce 50mg oral – purchase cenforce for sale brand metformin 500mg
omeprazole 20mg canada – order prilosec pills order atenolol 50mg generic
buy desloratadine 5mg online cheap – claritin us buy priligy 60mg online
order acyclovir 400mg for sale – crestor 10mg ca rosuvastatin 20mg uk
order domperidone 10mg without prescription – order motilium 10mg for sale order flexeril 15mg generic
inderal pill – buy propranolol tablets brand methotrexate
buy warfarin 5mg online – cost metoclopramide buy losartan pill
order levofloxacin online – avodart pills order ranitidine 150mg online cheap
cost esomeprazole 20mg – order generic topamax 200mg where to buy sumatriptan without a prescription
meloxicam 15mg usa – tamsulosin 0.2mg oral buy tamsulosin 0.4mg for sale
how to buy valacyclovir – order fluconazole 100mg pills fluconazole usa
buy provigil 200mg for sale buy modafinil pills order modafinil online cheap order provigil sale buy modafinil sale modafinil 200mg canada buy provigil 100mg generic
More posts like this would persuade the online play more useful.
Proof blog you possess here.. It’s severely to on high status belles-lettres like yours these days. I really respect individuals like you! Go through guardianship!!
how to buy zithromax – purchase floxin online cheap purchase flagyl generic
semaglutide cheap – periactin 4mg without prescription purchase cyproheptadine generic