The Q1 figures give us a first glimpse of the effect of the Coronavirus outbreak on BMW’s volumes, with China posting the most significant decreases. As the gradual recovery of the Chinese market takes place, the concern in Q2 will be centred on Europe and the US. Lockdown measures and production halts are bound to stifle volumes even further.
06 Apr 2020
Global deliveries fall 20.6% on Coronavirus impact
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Global deliveries fall 20.6% on Coronavirus impact
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
06 Apr 2020 -
Author:
Jorge Velandia -
Pages:
2
The Q1 figures give us a first glimpse of the effect of the Coronavirus outbreak on BMW’s volumes, with China posting the most significant decreases. As the gradual recovery of the Chinese market takes place, the concern in Q2 will be centred on Europe and the US. Lockdown measures and production halts are bound to stifle volumes even further.