BERLIN—BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets.
New incoming orders were beginning to fall but order books remained filled for the next few months, chief executive Oliver Zipse said.
Demand for electric models was particularly high, finance chief Nicolas Peter added. The premium carmaker was on track to meet its goal of doubling all-electric car sales by year end and expected total sales growth of 5 percent to 10 percent in the second half boosted by strong Asian markets, he said….