BMW : A profit warning that raises several questions
>Warning on 2024 guidance due to component issues and China - BMW issued a warning yesterday on its annual guidance, attributed to 1/ technical issues with its braking systems (the "Integrated Braking System" developed by Continental) which will impact H2 deliveries and generate warranty costs ("high-triple digit €M in Q3"), 2/ a persistently muted environment in China.The group is therefore revising its 2024 Auto guidance downwards, now expecting 1/ a “slight de...Bayerische Motoren Werke is a holding company, engaged in the development, manufacture and sale of cars and motorcycles. Co. owns three brands: BMW, MINI and Rolls-Royce. Co.'s BMW automobile range encompasses the 1 Series, including coupe and convertible models; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, including sedan and touring models; the 6 Series, including coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models. Co. also provides cars under the MINI brand and motorcycles under the BMW brand. The Rolls-Royce brand provides three cars, Phantom, Coupe and Ghost.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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