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Via CNBC.com:
BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.
BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a range of 7-9% due to the war’s effects on production.
Without the impact of war, the company would have targeted a range of 8-10%, it said.
BMW said production interruptions should continue to be expected due to the war, adding it was able to continue to source parts from western Ukraine.
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Written by: LoneRhody
Morning Drive is still the most listened to part of the radio broadcast day and The CRUSADE Channel now gives you an extra 70 minutes of original, Morning Drive, great talk-radio content! Hosted by the now seasoned radio presenter Fiorella Nash (5 Minute Mysteries, The Fiorella Files), The Early Show is a 70 minute long, fast paced conversation with regular guests Joe Clovis of Walsingham U.K., Emmett Dooley of Ireland, Irish born ETWN announcer KV Turley and Sarah Taylor of the U.K.
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