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Oliver Zipse

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BMW Reports $250 Million Loss in Q2, Sees Sales Rebound in China
August 6th, 2020 - 11:30 GMT

BMW Reports $250 Million Loss in Q2, Sees Sales Rebound in China

German automaker BMW AG lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period. The company saw a rebound in China, its biggest market. The net loss compared to a profit of 1.48 billion euros in the same period a year ago. The company has since re-started all its factories and CEO Oliver Zipse said ...
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