BMW Operating Profit Falls 20% on Electric-Vehicle Spending
German automaker BMW (OTC: BMWYY) (OTC: BAMXF) said on Aug. 1 that its second-quarter operating profit fell 20% from a year ago, to 2.2 billion euros ($2.4 billion), as it boosted spending to prepare its factories to build electric vehicles alongside conventional models.
Quelle Fool.com