MUNICH—BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs.
The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said it would step up efficiency measures in anticipation of a difficult year in a sector grappling with the shift toward electric vehicles, Brexit uncertainty, and global economic worries.
