• BMW posts $790 million loss as coronavirus pummels auto sales

    BMW posts $790 million loss as coronavirus pummels auto sales

    BMW on Wednesday reported a quarterly loss of $790 million, fueled by a staggering 25-percent sales drop as the coronavirus pandemic continues to pummel the auto industry. The German auto giant — which also owns Mini and Rolls-Royce — said sales have started to recover during the latest quarter, including a 17-percent jump in deliveries …