久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Auto Data

Weak China sales may force BMW to revise full-year profit targets

(Agencies) Updated: 2015-08-05 11:19

Bayerische Motoren Werke AG said slowing sales in China may force it to revise this year's profitability goals, challenging new Chief Executive Officer Harald Krueger as he seeks to defend his lead in the global luxury car industry.

Earnings before interest and taxes from automaking are still expected at 8 percent to 10 percent of sales, though "if conditions on the Chinese market become more challenging, we cannot rule out a possible effect" on the forecast, the Munich-based manufacturer said on Tuesday.

BMW has cut production by 16,000 cars in China, its biggest market, Chief Financial Officer Friedrich Eichiner said on Tuesday.

After a stock market rout discouraged customers from making large purchases, those still buying are demanding bigger price cuts, Eichiner said.

Carmakers' sales in China may drop in 2015 for the first time since 1998, Ford Motor Co said in late July.

"BMW has been bitten the most by the economic slowdown in China," Michael Raab, a Frankfurt-based analyst at Kepler Cheuvreux, said in a note. "BMW missed market expectations on most of its key metrics."

The second-quarter margin on automaking fell short of analysts' expectations due to a combination of the aging 7-Series sedan, due to be refreshed this year, and slowing growth in China, Raab said. The company's second-quarter margin on automaking narrowed to 8.4 percent, the lowest level since 2009, compared with 11.7 percent last year.

BMW's margin trailed Mercedes-Benz AG and Audi AG, which reported respective returns on sales of 10.5 percent and 9.8 percent.

The planned new 7-Series is part of BMW's drive to refresh its model line. Luxury-car manufacturing competitors such as Daimler AG are winning buyers with new products such as the latest generation of the Mercedes C-Class mid-size sedan.

"We're still under pressure in China," said Stuart Pearson, a London-based analyst with Exane BNP Paribas. "It's not just a BMW issue, but it's still going to be a wakeup call."

The Chinese car market is slowing more quickly than BMW expected, Krueger told reporters in a conference call on Tuesday.

Industrywide auto sales in China fell 3.2 percent last month, the first decline in more than two years.

The country's auto market has been the key growth driver for luxury-car makers in recent years.

Audi and BMW both reported sales declines for June in China, while demand at Mercedes jumped 39 percent, albeit from a much lower base.

BMW's second-quarter group earnings before interest and tax fell 3 percent from a year earlier to 2.53 billion euros ($2.77 billion). Profit matched the 2.54 billion-euro average of 10 analyst estimates compiled by Bloomberg. Revenue jumped 20 percent to 23.9 billion euros.

Krueger, 49, succeeded Norbert Reithofer as CEO in May. In addition to the economic slowdown, he's contending with potential new competitors, such as technology companies Apple Inc and Google Inc, that are studying whether to enter the auto industry.

BMW is battling to maintain its lead in global luxury car sales, which it has held since overtaking Mercedes in 2005.

Spending requirements for new technology such as self-driving cars and vehicles with electric engines like the i8 sports car are pushing the manufacturer and its rivals into cost-saving initiatives to maintain profitability levels.

Hot Topics

Editor's Picks
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    亚洲男帅同性gay1069| 亚洲综合一区二区| 国产69精品久久久久777| 中文字幕av不卡| 色天使久久综合网天天| 午夜亚洲福利老司机| 日韩精品中文字幕在线不卡尤物| 国模套图日韩精品一区二区| 国产精品二区一区二区aⅴ污介绍| 色先锋aa成人| 免费欧美日韩国产三级电影| 国产欧美日韩亚州综合| 在线免费亚洲电影| 久久国产精品72免费观看| 中文字幕欧美激情一区| 欧洲精品视频在线观看| 日本三级韩国三级欧美三级| 国产色91在线| 在线观看欧美精品| 九色综合狠狠综合久久| 亚洲欧洲三级电影| 91精品麻豆日日躁夜夜躁| 国产黑丝在线一区二区三区| 亚洲免费观看高清在线观看| 日韩欧美国产一二三区| av日韩在线网站| 日韩高清在线电影| 国产精品久久久一区麻豆最新章节| 欧美三片在线视频观看| 国产电影一区二区三区| 亚洲午夜久久久久久久久久久 | 久久蜜桃av一区二区天堂 | 欧美成人video| 97se亚洲国产综合自在线观| 日本欧美一区二区三区乱码| 国产精品福利一区| 日韩免费高清视频| 91精品福利视频| 国产一区在线视频| 亚洲国产美国国产综合一区二区| 337p粉嫩大胆色噜噜噜噜亚洲 | 色噜噜狠狠色综合中国| 精品午夜久久福利影院| 亚洲在线视频网站| 久久九九全国免费| 91精品欧美一区二区三区综合在| 99精品视频在线观看免费| 精品中文字幕一区二区小辣椒| 亚洲欧美一区二区三区孕妇| 精品国产乱子伦一区| 欧美性色黄大片| 成人永久aaa| 久久福利资源站| 亚洲一二三四区不卡| 国产欧美一区二区三区在线老狼| 欧美高清www午色夜在线视频| av不卡在线观看| 国内精品免费在线观看| 日日骚欧美日韩| 亚洲欧美国产三级| 国产精品素人一区二区| 精品国产免费久久| 欧美日本一区二区三区| 91久久精品一区二区三区| 国产aⅴ精品一区二区三区色成熟| 美女任你摸久久| 天堂成人免费av电影一区| 一区二区三区视频在线看| 国产精品免费视频观看| 久久午夜色播影院免费高清| 日韩欧美在线123| 欧美精品v国产精品v日韩精品 | 色综合久久中文字幕综合网| 大桥未久av一区二区三区中文| 理论片日本一区| 天堂va蜜桃一区二区三区漫画版| 亚洲激情在线播放| 亚洲欧美影音先锋| 国产精品福利影院| 国产精品免费久久| 欧美激情中文不卡| 久久久久久久精| 久久久精品天堂| 2024国产精品视频| 精品国产区一区| 欧美va日韩va| 精品久久久久久综合日本欧美| 日韩一区二区在线看| 日韩一区二区在线看片| 日韩一级大片在线观看| 欧美一区二区三区系列电影| 3d动漫精品啪啪一区二区竹菊 | 亚洲影院免费观看| 亚洲精品成人精品456| 夜夜嗨av一区二区三区网页| 亚洲伦在线观看| 亚洲毛片av在线| 亚洲一区二区不卡免费| 亚洲午夜羞羞片| 日韩综合小视频| 日韩av高清在线观看| 免费观看成人鲁鲁鲁鲁鲁视频| 蜜桃免费网站一区二区三区| 久久99精品久久久久久国产越南| 久久国产人妖系列| 国内精品久久久久影院一蜜桃| 国产精品一区二区在线观看不卡 | 欧美三片在线视频观看 | 精品久久人人做人人爰| 久久夜色精品一区| 国产丝袜在线精品| 中文字幕中文字幕一区二区| 中文字幕日韩av资源站| 亚洲免费看黄网站| 亚洲国产成人av网| 欧美a一区二区| 激情亚洲综合在线| 国产精品一二三区| 9i在线看片成人免费| 日本韩国欧美一区| 欧美精品在线观看播放| 精品理论电影在线观看| 国产精品免费视频一区| 亚洲综合自拍偷拍| 日本亚洲三级在线| 国产精华液一区二区三区| 99久久精品久久久久久清纯| 在线观看中文字幕不卡| 欧美精品乱人伦久久久久久| 精品国产一区二区三区av性色| 国产欧美一区二区精品秋霞影院| 亚洲天堂网中文字| 亚洲高清一区二区三区| 久久99久久久久久久久久久| 国产精品影视在线| 色婷婷久久久综合中文字幕| 666欧美在线视频| 国产亚洲精品久| 亚洲乱码中文字幕| 蜜桃视频一区二区三区| 成人网在线播放| 欧美网站大全在线观看| 欧美成人精品3d动漫h| 国产精品乱人伦| 天使萌一区二区三区免费观看| 国产一区二区女| 96av麻豆蜜桃一区二区| 欧美一区日韩一区| 中文字幕av不卡| 无吗不卡中文字幕| 国产高清精品网站| 欧美婷婷六月丁香综合色| www一区二区| 一区二区三区.www| 国产在线播放一区| 欧美性三三影院| 欧美激情中文不卡| 丝瓜av网站精品一区二区| 高清在线观看日韩| 欧美精品一二三| 国产精品美女视频| 日韩vs国产vs欧美| 97久久精品人人做人人爽| 日韩免费电影一区| 亚洲人成精品久久久久| 激情av综合网| 欧美午夜精品一区| 国产精品情趣视频| 麻豆精品视频在线| 91福利在线播放| 国产天堂亚洲国产碰碰| 日韩av在线发布| 色爱区综合激月婷婷| 久久日一线二线三线suv| 亚洲无线码一区二区三区| 国产99久久久精品| 日韩午夜电影在线观看| 亚洲精品乱码久久久久久日本蜜臀| 国产呦萝稀缺另类资源| 欧美二区三区91| 亚洲精选视频在线| 国产成人在线免费观看| 91精品在线免费观看| 一区二区三区四区乱视频| 国产成人精品亚洲日本在线桃色| 7777精品伊人久久久大香线蕉超级流畅| 中文字幕乱码亚洲精品一区| 免费观看日韩av| 欧美综合一区二区| 国产精品久久久爽爽爽麻豆色哟哟 | 波多野结衣的一区二区三区| 欧美岛国在线观看| 亚洲二区在线观看| 一本色道**综合亚洲精品蜜桃冫| 国产欧美日韩在线| 激情av综合网| 日韩美一区二区三区| 三级不卡在线观看| 欧美日韩在线不卡| 一区二区在线免费|