• BMW earnings fall amid market turmoil over emissions tests

    9 days ago - By Chron

    FRANKFURT, Germany - Germany luxury automaker BMW says net profit fell 24 percent in the third quarter as the company faced market disruptions caused by other companies failing to get vehicles certified for new European Union emissions tests.
    The Munich-based automaker also said it was spending more to develop the electric and autonomous vehicle technologies that are expected to transform the industry.
    BMW managed to get its cars certified under tougher new tests but Daimler and Volkswagen both had to sell off uncertified vehicles ahead of the Sept. 1 deadline, leading to pressure on...
    Read more ...

     

  • BMW third-quarter hit by upfront expenditure for electric car development

    9 days ago - By Reuters

    German carmaker BMW on Wednesday reported a 27 percent drop in third-quarter operating profit to 1.75 billion euros , missing analyst expectations amid currency headwinds and higher research and development expenses.
    Read more ...