The Chicago Entrepreneur

BMW posts profit warning on recall of braking system and weak Chinese demand

The German carmaker cut its guidance as it said it expects to take a “high three-digit million” hit in warranty costs from the recall of the faulty integrated braking system

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post Southwest Airlines Chairman Kelly to retire after urging from activist Elliott
Next post ‘Dr. Doom’ warns about ‘Magnificent Seven’ stocks: ‘The whole world has been gambling.’