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BMW says coronavirus hit China sales but sticks to 2020 global target

"We just have shortterm visibility.  Provides are procured to the subsequent few months," Zipse additional.
"We observe no more impact beyond China.  We are adhering with your goal of attaining minor increase in auto earnings," Zipse explained.



FRANKFURT - BMW on Tuesday stated that its China earnings have obtained a bang in 2013 on account of the newest coronavirus, but adhered into its own target to get increasing passenger automobile income for its calendar year, also its worldwide distribution series hasn't yet been disrupted.
(Reporting from Edward Taylor; Testing by Michelle Martin)
"There's really been a important effects from China," leader Oliver Zipse instructed journalists at a conference telephone.


BMW, that includes factories in Europe, the USA and China, claimed traveling and logistics bottlenecks had not interrupted its own distribution series.

It's too premature to produce predictions regarding if BMW would don't fulfill its earnings objectives, plus the downturn in earnings will probably continue till March, he explained.

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