BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.
Automotive earnings before interest and taxes rose 26% in the fourth quarter to 1.83 billion euros ($2.03 billion). Sales in the period reached their highest on record for a single quarter because it sold a greater share of vehicles in the “upper luxury” segment, the Munich-based carmaker said March 12.
