German giant BMW saw its 3rd quarter profit surge 50% even as they struggled like the whole industry with chip shortages i.e. higher prices offset the decline in number of vehicles manufactured. The CEO recently discussed the EV market pointing out the need for greater charging infrastructure through Europe before take up accelerated even higher. The company is performing well today and looks ready to evolve in line with EV take up plus of course they have German efficiency on their side.
MM likes BMW under Eur95
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