This strategy is all of the extra important on situation that the BMW Group expects the consequences of the corona pandemic to constrain the operations of the whole automotive trade for quite some time to return. It can be changing into obvious that delivery volumes in key markets aren’t going to return to regular within the house of only a few weeks. The BMW Group is developing methods for various scenarios and is prepared to take additional measures to safeguard its monetary position and use its underlying power to steer itself by way of this challenging part. At the halfway stage, the BMW Group stays on target in the direction of attaining its targets for the full 12 months. After implementing managed cutbacks at many of its vegetation in March as a response to the foreseeable drop in world demand, the Group initiated a coordinated restart of its production services in the second quarter. Since mid-June, all its manufacturing vegetation have again been working in common shifts. Nonetheless, cost effectivity and cash administration stay decisive factors for best controlling the consequences of the corona pandemic.
These positive developments have been accompanied, nonetheless, by increasing downward pressure on pricing in some …