The Wall Street Journal
Auto & Transport Roundup: Market Talk
Citi expects EBIT for the company’s car segment to trend lower into 2024 on slower volume growth, deteriorating mix from interest rates hurting, and intense price competition, especially for battery-electric vehicles. 0805 GMT – BMW’s long-term targets for the share of battery-electric vehicle sales and a long-term pretax earnings margin goal of 10% should give investors confidence after 3Q earnings that were largely in line with analyst expectations, Bernstein analysts say in a note. Annual BEV market-share milestones of 15% in 2023, 20% in 2024, 25% in 2025 and 33% in 2026 are helpful, the analysts say.