BMW CEO Harald Krüger could announce a new company record after selling 2.4 million vehicles in 2016, making it the seventh consecutive year of record sales and earnings. Business is especially good in the US.
German carmaker BMW has fallen short of analysts' expectations as massive spending on future technologies has weighed on quarterly earnings. The company said it would not deviate from its long-term strategy.
Italian-American carmaker Fiat-Chrysler has joined an alliance to develop self-driving vehicles. The project has been led Germany's BMW Group, Intel and its Israeli subsidiary Mobileye and is open to more partners.
Strong quarterly results have German carmaker BMW cheering. Its medium-term strategy is paying off, the future is looking rosy. But CEO Harald Krüger also knows that everything can change in an instant.
German carmaker BMW has announced more record figures while presenting its earnings report for 2016. But while sales also reached a new high, the Munich-based firm was overtaken by domestic rival Mercedes.
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