BMW says pre-tax profit to be significantly lower in 2020

FRANKFURT (Reuters) - BMW said its pretax profit and vehicle deliveries will drop significantly this year as coronavirus spreads. This, combined with higher research and development spending, will lower the profit margin in its automotive segment, it said. BMW said the current uncertainty regarding the further global spread and the effects of coronavirus makes it difficult to provide an accurate forecast for 2020 but expected lower delivery volumes in all major markets over the year 2020. ..