EconomyBMW posts lower Q3 earnings as China competition intensifies

BMW’s third-quarter pretax earnings fell nearly 15% amid weak business in China and fierce competition from Chinese automakers. Net profit dropped to €1.45 billion and sales declined nearly 6%. The company lowered its outlook and said it would accelerate restructuring, including 8,000 job cuts in Germany.

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DDW★★★☆☆2026-11-04 10:25Original