4 Articles
4 Articles
The German automotive industry is seeing increasingly red numbers. After Audi, part of the Volkswagen Group, announced at the end of October that its profit in the third quarter had plummeted by 87 percent, BMW also announced that it had recorded a 15 percent drop in net profit in July, August and September.
BMW profits continue to fall. The German car giant reports a profit decline of almost 15 percent in the third quarter. Now the company is forced to lower its forecast for the full year – and take new cost-cutting measures. These are tough times for the German premium manufacturers. BMW's new quarterly report shows that sales fell by 5.8 percent to 30.5 billion euros in the third […]
The German automotive giant's net profit fell by 15 percent in the third quarter to €1.45 billion. Due to increasing competition from Chinese manufacturers and restructuring costs, the company warned that its automotive division could be losing money by 2026.
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