Stock Market News
BMW CEO says energy, raw material prices to remain high
2022.04.14 18:37
FILE PHOTO: BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth/File Photo
NEW YORK (Reuters) – BMW CEO Oliver Zipse said companies needed to plan for energy prices and raw materials to remain high by being more efficient in their production and stepping up recycling efforts to keep costs down.
“We have a peak now, they might not stay at the peak, but they will not go back to former prices,” Zipse said at a roundtable in New York on Thursday.
“How much energy you need and use, and circularity, is important – for environmental reasons but even more for economic reasons.”
