{"id":2020096,"date":"2023-09-02T08:03:01","date_gmt":"2023-09-02T12:03:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bmw-ceo-says-neue-klasse-at-least-as-profitable-as-current-evs\/"},"modified":"2023-09-02T08:05:17","modified_gmt":"2023-09-02T12:05:17","slug":"bmw-ceo-says-neue-klasse-at-least-as-profitable-as-current-evs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bmw-ceo-says-neue-klasse-at-least-as-profitable-as-current-evs\/","title":{"rendered":"BMW CEO confirms Neue Klasse as equally profitable as current EVs."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbmw-ceo-says-neue-klasse-at-least-as-profitable-as-current-evs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2020096&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>MUNICH (Reuters) \u2013 BMW&#8217;s Neue Klasse EV Line to \u200dDeliver Strong Profits, CEO Says<\/h2>\n<blockquote>\n<p>&#8220;We are \u200dvery\u200c profitable with electric cars today,\u2063 already\u2063 today,&#8221; said BMW CEO Oliver Zipse \u200bat\u200c the IAA \u200ccar show\u200b in \u2063Munich. He further added that \u200bthe\u200c upcoming Neue Klasse EV line will be\u200b &#8220;very profitable&#8221; \u200cand assured that the company will not be less profitable \u2062than it is currently.<\/p>\n<\/blockquote>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<h3>Staying \u200cProfitable<\/h3>\n<p>Zipse emphasized that BMW will \u2064maintain its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bmw-ceo-says-neue-klasse-at-least-as-profitable-as-current-evs\/\" title=\"BMW CEO confirms Neue Klasse as equally profitable as current EVs.\">long-term \u200dtarget<\/a> for profit margins \u200bin its automotive segment, aiming for\u2063 8%-10% (EBIT). He also mentioned that there\u2063 may be quarters where the company exceeds this range.<\/p>\n<h3>2023 Outlook<\/h3>\n<p>Last\u2062 month, BMW \u2063raised its EBIT margin outlook for its \u200dcars division for 2023 to between\u200d 9%-10.5%, reflecting a strong order bank and improved\u200c availability of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/teslas-quarterly-electric-vehicle-deliveries-miss-estimates\/\" title=\"Tesla\u2019s quarterly electric vehicle deliveries miss estimates\">premium vehicles<\/a>.<\/p>\n<h3>Challenging\u2062 Tesla<\/h3>\n<p>The upcoming \u200cNeue Klasse, set to\u2063 launch in 2025, is a crucial \u200bpart\u2064 of BMW&#8217;s \u2063strategy \u200bto compete with EV pioneer Tesla. CEO Zipse \u200crevealed plans\u200c to introduce six models within 24 months of the\u200c Neue\u2063 Klasse&#8217;s\u2064 debut, covering a range from sports activity vehicles to sedans.<\/p>\n<\/p>\n<p>(Reporting by\u200b Christina Amann; \u200bWriting by Christoph Steitz; Editing \u2063by \u2063John Stonestreet and Helen Popper)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bmw-ceo-says-neue\/attachment\/chairman-of-the-board-of-management-of-bmw-ag-oliver\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Joe Biden Celebrates\u2062 US Jobs\u2063 Report and Gas Prices Drop for Labor Day \u2064Weekend<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>FreedomWorks\u200b Empowers\u2063 Conservative Lawmakers to \u2064Cut Spending<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>CNN \u200bAccuses One America News of Running Russian \u2063Propaganda<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>West\u200b Virginia\u2062 Attorney General\u200d Supports\u2062 Moving J6 Trial<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Gemini \u2064Seeks to Maximize Returns from Bankrupt Crypto<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Arm\u200c Holdings Targets\u2062 Valuation of $50-55 Billion<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Meta Platforms Considers Ad-Free Versions for EU\u200b Users<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Dell Technologies&#8217; Shares Soar After Raising Financial Forecasts<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BMW&#8217;s CEO, Oliver Zipse, announced at the IAA car show in Munich that their upcoming Neue Klasse EV line will be equally profitable as their current electric vehicles. Zipse emphasized that BMW is already experiencing significant profitability with electric cars.<\/p>\n","protected":false},"author":66,"featured_media":2020097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2020096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2020096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2020096"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2020096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2020097"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2020096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2020096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2020096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}