BMW Stock Dips On Weak Q2 Profit, Delivery Outlook Revision

Shares of Bayerische Motoren Werke or BMW AG were losing around 5 percent in the morning trading in Germany after the luxury carmaker reported Wednesday weak profit and deliveries in its second quarter, while revenues were higher. Looking ahead, the company maintained fiscal 2022 profit growth view, but trimmed forecast for automotive deliveries owing to the negative impact on production.

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