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BMW plans massive cost cuts to keep profits above water

Updated : March 20, 2019 05:59 PM IST

The Munich-based group's 2019 result will be burdened with massive investments needed for the transition to electric cars, exchange rate headwinds and rising raw materials prices, it said in a statement.
Meanwhile it must pump more cash into measures to meet strict European carbon dioxide (CO2) emissions limits set to bite from next year.
BMW plans massive cost cuts to keep profits above water

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