Source Pravda.Ru

Auto Business Records 31 Million Euro Loss

Bayerische Motoren Werke AG , the world’s largest maker of luxury cars, reported a 76 percent decline in second-quarter profit as the recession sapped demand for higher-priced sedans and sport-utility vehicles , Bloomberg reports.

But the quarterly EBIT figure was below the year-earlier level of 425 million euros due to months of falling unit sales and a collapse in profitability at BMW's core automotive segment.

The auto business recorded a 31 million euro loss before interest and taxes in the second quarter, compared with a EBIT of 395 million in the year-earlier period , Reuters reports.

BMW, whose brands also include Mini and Rolls-Royce, said its car deliveries fell 18 percent in the second quarter to 338,190 vehicles, compared with 413,087 a year earlier , eTaiwan News reports.

World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable

Russia gets rid of world’s most powerful nuclear submarines

The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.

Tillerson must go!