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BMW Q3 net profit falls 15% to 1.45bn euros amid China losses

German carmaker BMW reported a nearly 15% drop in third-quarter net profit on Wednesday, as competition from China shakes the global car

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BMW reported a significant decline in its third-quarter financial results, with net profit falling nearly 15% to 1.45 billion euros. Sales for the quarter dropped by almost 6% to 30.45 billion euros as the company faces intense competition in the Chinese market.

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BMW Q3 net profit falls 15% to 1.45bn euros amid China losses

BMW reported a significant decline in its third-quarter financial results, with net profit falling nearly 15% to 1.45 billion euros. Sales for the quarter dropped by almost 6% to 30.45 billion euros as the company faces intense competition in the Chinese market. The German carmaker identified poor business performance in China as the main cause of the overall decline. Despite the losses in China, the company noted that it sold more cars in the US and Europe during the same period.

DW

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