Coronavirus: BMW maintains its 2020 sales target

UNITED STATES (OBSERVATORY NEWS) — BMW (DE: BMWG ) continues to anticipate a slight increase in car sales in 2020 despite the significant impact of the coronavirus epidemic in China, said its chairman of the board on Tuesday.

The German automaker predicts that the slowdown in sales will continue into March, but it is too early to know if BMW will reach its overall turnover target for the year, Oliver Zipse said in a conference call with journalists.

“We are not seeing any impact outside of China. We are maintaining our target of slight growth in car sales,” he added.

The German group’s supply chains, which have factories in China, the United States and Europe, were not affected by the health crisis linked to the new virus.

“We only have visibility in the short term. Supplies are assured for the next three weeks,” said Zipse, however.


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