{"id":447296,"date":"2021-11-05T09:05:39","date_gmt":"2021-11-05T03:35:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447296"},"modified":"2021-11-05T09:48:04","modified_gmt":"2021-11-05T04:18:04","slug":"bmw-offsets-lower-deliveries-with-higher-prices-strong-ev-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bmw-offsets-lower-deliveries-with-higher-prices-strong-ev-sales\/","title":{"rendered":"BMW offsets lower deliveries with higher prices, strong EV sales"},"content":{"rendered":"<p>Higher prices and strong electric vehicle sales helped German automaker BMW beat analysts&#8217; forecasts on Wednesday with a 42.4% year-on-year increase in third quarter net profit to 2.58 billion euros ($2.99 billion).<\/p>\n<p>The premium automaker, which said earlier this year it expected to deliver up to 90,000 fewer cars in 2021 because of a global shortage of semiconductor chips, saw deliveries fall 12.2% in the third quarter but still boosted revenues by 4.5%.<\/p>\n<p>Electric vehicles in particular saw a significant boost, with sales in the nine months to September almost double last year&#8217;s levels at just under 232,000 vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher prices and strong electric vehicle sales helped German automaker BMW beat analysts&#8217; forecasts on Wednesday with a 42.4% year-on-year increase in third quarter net profit to 2.58 billion euros ($2.99 billion). The premium automaker, which said earlier this year it expected to deliver up to 90,000 fewer cars in 2021 because of a global shortage of semiconductor chips, saw deliveries fall 12.2% in the third quarter but still boosted revenues by 4.5%. Electric vehicles in particular saw a significant boost, with sales in the nine months to September almost double last year&#8217;s levels at just under 232,000 vehicles.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-447296","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447296"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447296\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}