BMW Group finance chief Nicolas Peter expects the automaker's full-year operating margin to be "in the area of about 9 percent" despite major challenges such as the chip shortage and volatile raw materials prices. He explained how BMW plans to overcome these obstacles and more in an interview with Automotive News Europe Associate Publisher and Editor Luca Ciferri.
Do you think the second half of the year will be as strong as the first half in terms of profitability for the auto industry?
The midterm outlook very much depends on the development of the semiconductor issue, which we have managed better than most of our peers. But from my perspective it will probably take until the end of the second quarter of 2022 before the situation normalizes.