ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »BMW muscles through chip shortage with profit jump
Bloomberg BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV helped the company offset output reductions due to the dearth of chips. Group earnings before tax surged 50% to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said, compared with an average analysts’ estimate of 2.5 billion ...
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