BMW Q3 Profit Drops 15% Amid China Competition
BMW's third-quarter net profit fell 15% year-on-year to 1.45 billion euros, following its second profit warning for 2026. The German luxury carmaker faces rising costs, weaker demand, and intensified competition from Chinese automakers. Vehicle deliveries in China dropped 24.8%, while global deliveries declined 6.3% during the quarter.
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