Trending FOX BUSINESS News: BMW profit hit by anti-trust case, spending on technology

BMW profit hit by anti-trust case, spending on technology


German automaker BMW says its profits fell 74 percent in the first quarter as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an expected anti-trust penalty from the European Commission and by higher up-front costs for new technology and factories.

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