BMW Reports Lower Q3 Earnings Amidst Mounting China Woes

DW World · world

German carmaker BMW experienced a nearly 15% drop in third-quarter pretax earnings, with net profit falling to 1.45 billion euros. Sales decreased by almost 6% to 30.45 billion euros, primarily due to a significant decline in business within China. BMW's car deliveries in China dropped by 24.8%, impacting global deliveries. In response, the company plans to intensify restructuring measures, including up to 8,000 layoffs by the end of 2027.