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BMW shares climbed after the German automaker signaled it was on track to hit its targets.
BMW's automotive segment EBIT beat analyst expectations despite group earnings missing forecasts.
KEY POINTS
- BMW executives expect a recovery in China and stable U.S. tariffs despite recent threats.
- Strong European demand for BMW's new iX3 led to a second production shift in Hungary.
- BMW is transitioning CEO leadership from Oliver Zipse to Milan Nedeljkovic amid industry challenges.
- BMW still forecasts full-year auto deliveries matching last year, with moderately lower pretax profit.
COMPANIES
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