The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
The company, which owns BMW, Mini, and Rolls-Royce, recorded a 65.9% uplift in pre-tax profits as it sold 1,160,094 models between 1 January and 31 July, down from 1,339,047 (a 13.4% fall) in the same period last year.
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Sales 13% lower, profits 65% higher. BMW is clearly ripping everyone off.
It'll be £40k for a base 116i by year end at this rate.