Aug 10, 20201 min readBMW Reports First Quarterly Loss in 10 YearsBMW's stock fell 5% on Wednesday after reporting a weaker-than-expected Q2 and its first loss in over 10 years. Travel restrictions, closed car dealerships and weak consumer spending caused significant cash burn for BMW.
BMW's stock fell 5% on Wednesday after reporting a weaker-than-expected Q2 and its first loss in over 10 years. Travel restrictions, closed car dealerships and weak consumer spending caused significant cash burn for BMW.