Plus   Neg

BMW Group Continues To Project 2020 Results Significantly Below Prior Year

The BMW Group (BMW.L,BAMXF.PK,BAMXY.PK) stated that, as expected, the company's full year 2020 sales and earnings before tax will be significantly lower than the previous year. The Group noted that the outlook for 2021 remains extremely uncertain.

The BMW Group also stated that it is strongly opposed to the call to set aside applicable environmental laws. This applies to the European Union's CO2 targets for 2020/2021, and also to the introduction of the Euro 6d emissions standard, the company said. Going forward, the company is making sustainable development an integral part of the BMW Group strategy. The Group will no longer have a separate sustainability strategy.

The BMW Group proposed a dividend of 2.50 euros per share of common stock and 2.52 euros per share of preferred stock.

Also, BMW Group announced that BMW Welt will be open daily from 8 am to 8 pm from May 15. From May 16, there will be opportunities to test-drive the all-electric MINI SE, the Group said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements. Amid the worsening coronavirus pandemic and mounting costs, banking major Wells Fargo & Co. is preparing to cut thousands of jobs starting later this year, Bloomberg Law reported. Citing people with knowledge of the confidential talks, the report noted that executives are drafting plans that may ultimately eliminate tens of thousands of positions from its about 263,000 workforce. KIND Healthy Snacks is recalling a limited number of Oats & Honey Granola pouches citing the presence of undeclared sesame seeds, the U.S. Food and Drug Administration announced. The recall involves KIND Oats & Honey Granola with Toasted Coconut. Sesame seeds, a known allergen, is not listed as an ingredient in the product, instead, the label lists "sesame seeds" under the "May Contain
Follow RTT