BMW would have to close its British factories if Brexit leads to serious supply chain disruption, a company executive told the Financial Times.
BMW Group said its global vehicle sales fell 2 percent in May, weighed down by China tariffs and a steep drop in German registrations as cities such as Hamburg started banning older diesel vehicles from key streets.
BMW posted a 3 percent drop in first-quarter profit as unfavorable exchange rate effects weighed on revenues and earnings, even as the automaker posted higher margins and vehicle sales.
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