NEW YORK (dpa-AFX Broker) - The US analyst firm Bernstein Research has left its rating for BMW at "Outperform" with a target price of 86 euros. After forty years as an expert for the automotive industry, he can hardly remember the last time there was such a "perfect storm" of challenges and uncertainties, wrote Stephen Reitman in his analysis published on Friday. Electrification, which has caught most car giants on the wrong foot with fluctuating demand and the lead they have had to cede to Chinese challengers and Tesla, is creating a different situation this time. They had simply thrown out many things that had been taken for granted since the first Ford Model T in 1908. However, BMW and Renault showed the greatest flexibility among the veterans. Mercedes, VW and Porsche still had to prove themselves./ag/nas

Publication of the original study: 06.12.2024 / 01:36 / UTC

First disclosure of the original study: 12/06/2024 / 05:10 / UTC