New Straits Times

BMW stays cautious amid rising costs

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MUNICH: BMW AG has maintained its conservati­ve profit forecast as chief executive officer Harald Krueger seeks patience to push through a transition to self-driving, electric cars. While rival Daimler AG upgraded its target to a “significan­t” gain this year, BMW kept its goal of a “slight” earnings increase, it said in a statement. It will focus on its higher-end models in coming years, including a new X7 sport utility vehicle, as it covers the steep costs of developing the rides of the future.

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