It ‘s old news to most but when the NYT picks up on it, it ‘s important news.
The company — whose cars have sold particularly well in the United States — has responded quickly to global trends, notably the rising price of raw materials and exchange rate volatility, largely through hedging.
On Wednesday, BMW sought to portray the layoffs in the same light. “Flexibility has long been a key strength of the BMW Group,” Ernst Baumann, managing director for human resources, said in a statement. “We have always been able to ride the ups and downs of the market.”