Harald Krueger, Roberto Vavassori.
“We’re sticking to our 8 to 10 percent goal and maintain this range, even when electric mobility becomes more widespread.”
BMW CEO Harald Krueger sticks to the Groups profit margin target (8 – 10% return on sales) even with the arrival of allegedly less profitable electric cars.
autonews.com
“We need to provide a sensible transition period that doesn’t give unwanted gifts to our Chinese friends.”
Roberto Vavassori, president of the European Association of Automotive Suppliers (CLEPA), estimates European automakers pay 4,000-7,000 euros to China for batteries for every EV and warns to take the EVolution slowly to save jobs.
reuters.com
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