BMW proposes to cut high cost measures

BMW BMW carriage company on Wednesday reveals a high cost program to cut up to € 12 billion by 2022.

The company said consumption is expected to be reduced by improving efficiency, including reducing the range of devices being used.

At the same time, BMW is emphasizing that job creation is not currently designed.

The company also reports that tariff profits could fall by over 10% this year, due to major investments in car accumulation, fluctuations in exchange rate and higher freight prices.

BMW will also have to increase expenditure to meet the toughest EU requirements the EU has to reduce harmful emissions from cars.

It was already reported that BMW had a net profit of EUR 7.2 billion last year, which is 16.9% less than a year ago.

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