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BMW’s First Profit Warning in Decade Adds Fuel to Board Tension

BNN Bloomberg

(Bloomberg) -- BMW AG’s first profit warning in a decade comes on top of existing leadership tension under Chief Executive Officer Harald Krueger, who’s tasked with reviving sales momentum and staving off encroaching competitors like Mercedes-Benz and Tesla Inc. Sluggish growth was a problem even before BMW slashed its outlook on Tuesday and said it would rein in expenses...

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