The Bavarian carmaker BMW Show stock market chart puts down over € 1 billion because of an EU antitrust case This will burden the result of the first quarter accordingly, said the car maker on Friday evening. As the examination of the objections of the EU Commission and access to the file will take some time, the financial impact could not be assessed conclusively at present. The share of BMW Show stock market chart retreated significantly on Friday in late trading.
With overwhelming probability, the European Commission will issue a fine of a significant amount. Therefore, the Group must form the provision in accordance with international accounting standards.
The EBIT margin for the Automotive segment for the current year decreased BMW, It is expected to be one to 1.5 percentage points below the previous corridor of six to eight percent.
The EU Commission suspects illegal collusion in the German car industry in the exhaust gas purification technology, BMW, Daimler and Volkswagen reportedly breached EU antitrust rules from 2006 to 2014 by agreeing to develop technologies to clean diesel and gasoline passenger car emissions. “The BMW Group will defend itself against the allegations of the European Commission – if necessary – with all legal means to defend,” said the Munich Group on.
la / reuters