November 26, 2022

BMW and Stellantis revenues surge

BMW and Stellantis revenues surge

BMW and Stellantis revenues surge

European carmakers BMW and Stellantis each reported surging revenues on Thursday, because of sturdy demand for autos and better costs.

BMW’s third-quarter gross sales rose by simply over a 3rd to €37.2bn as demand in China rose. Its earnings earlier than curiosity and tax jumped 28 per cent to €3.68bn.

“Contributing to this had been strong pricing for brand new and used automobiles, a beneficial product combine and, particularly, revenues from the Chinese language three way partnership BMW Brilliance Automotive,” the…

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