BMW swings to £207.50 million of loss in the fiscal second quarter

BMW AG (ETR: BMW) revealed to have swung to a loss on Wednesday in the fiscal second quarter. The company attributed its dovish performance to the Coronavirus pandemic that pushed its factories into temporarily shutting down in recent months. The company also confirmed its future guidance for the full year on Wednesday. Shares of the company opened more than 2.5% down on Wednesday and tanked another 2% in the next hour. At £50.23 per share, BMW is more than 25% down year to date in the stock market after recovering from an even lower £34 per share in March when