BMW promises stable prices, raises margin forecast for 2023

BMW forecast on Wednesday an 8% to 10% margin for its autos segment in 2023, up from last year's 7% to 9% target, and said it planned to keep prices stable, after years of dealing with rising costs by passing them on to customers. The transition to battery-electric vehicles (BEVs) was moving faster than planned and it expected to reach its target of over 50% battery-electric vehicle share well ahead of its 2030 target.

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