BMW Quarterly Profit Misses Expectations Due to Weak China Sales, Brake Issues
LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years.
China woes weigh on profits at Toyota, Honda and BMW
Slowing demand in China led to steep falls in quarterly profit for Toyota, Honda and BMW, dragging even the strongest carmakers into a broader downturn hitting the sector. Until now, Japan’s Toyota and Honda had outperformed their European and US rivals due to strong hybrid and petrol sales in North America.
Problems with a brake system supplied by Continental and the persistent market weakness in China: German car manufacturer BMW ...
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Carscoops on MSN6d
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Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while rivals BMW and Mercedes-Benz ...
BMW’s electric future is taking shape on the outskirts of the Mexican city of San Luis Potosi, some 450 miles south of the ...
BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, ...
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