Brake problems and weak Chinese market hit BMW Q3 figures

NAMPA / DPA

2024-11-06

Munich (dpa) - Technical problems with braking systems and weak demand in China saw third quarter profits fall by 84% on the year to ?476 million ($512 million) at German carmaker BMW in results published on Wednesday. Reduced unit sales led to a fall in turnover to ?32.4 billion, down 16% on the year. Costs caused by technical measures and a halt to deliveries resulting from problems with brakes provided by German supplier Continental hit profit......

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