BMW Warns of Virus Profit Slump

The video discusses the impact of COVID-19 on the automotive sector, focusing on BMW's guidance and potential revisions due to economic uncertainties. It highlights the challenges faced by car manufacturers in production and sales, with a specific look at China and Volkswagen. The discussion also covers expected stimulus measures in different countries and the long-term changes in demand for cars, considering factors like shared mobility and public transport reluctance.

What was the initial guidance provided by BMW regarding its automotive division during the pandemic?

• They anticipated maintaining profitability.

• They forecasted a 10% growth in market share.

• They planned to shut down production.

• They expected a significant increase in sales.

Which company mentioned a cautious approach to reopening production until customer demand returns?

• BMW

• Mercedes

• Peugeot

• Volkswagen

What is the expected timeline for Volkswagen's sales in China to return to normal levels?

• By the end of December

• By the end of March

• By the end of September

• By the end of July

What factor might lead to increased car usage despite economic challenges?

• Reluctance to use public transport

• Government subsidies

• Lower fuel prices

• Increased public transport options

How has the pandemic affected shared mobility services like DriveNow?

• They have expanded to new cities.

• They have been shut down in some locations.

• They have seen a surge in demand.

• They have introduced new vehicle models.