BMW Expects To Boost Profit Margins In 2023 Once Supply Chains Stabilize

BMW’s original profit margin target for 2022 was 8-10%, but the forecast was lowered in March to 7-9% in the wake of Russia’s decision to invade Ukraine. BMW production chief Milan Nedeljkovic told Automotive News Europe the worst is behind as he believes the situation will get better in 2023 in terms of profitability.