India, March 14 -- German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
At the Annual General Meeting on May 14, BMW will request a further authorization to buy back additional shares amounting to 10 percent of the existing share capital within the next five years.
The company said, "Inflation continues to stabilize and further moderate interest rate cuts in many countries suggest that demand will rise slightly in 2025. W...