BERLIN—BMW beat analysts’ forecasts on Wednesday with a 42.4 percent increase in third quarter net profits to 2.58 billion euros ($2.99 billion) as higher prices and strong electric vehicle (EV) sales offset lower deliveries due to scarce chips. In an earnings call, finance chief Nicolas Peter said the company was confident of topping its target…
High Prices, Steady Supply Chain Protect BMW From Industry Woes
November 6, 2021
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No GM Plants Will Be Closed Due to Chip Shortage on Nov. 1
DETROIT—For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories. The company said Friday that starting Nov. 1, all plants that had been closed on and off since February because of the shortage will be cranking out vehicles. The nation’s largest automaker…
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