Net profit for the third quarter fell about 15% to 1.45 billion euros (US$1.61 billion), and sales fell almost 6% to 30.45 billion euros.
Key takeaways
BMW reported a 15% drop in third-quarter net profit and issued a second profit warning for 2026 due to rising costs and intense competition from Chinese rivals. The company plans to accelerate structural measures, including job cuts, to address declining sales in key markets.
- BMW's Q3 net profit fell 15% to 1.45 billion euros, while sales dropped nearly 6% to 30.45 billion euros.
- Vehicle deliveries in China decreased by 24.8%, contributing to a 6.3% decline in global deliveries.
- The company warned that production ramp-up costs and severance payments could cause its core car business to incur an annual loss.
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BMW’s vehicle deliveries in China, already at their lowest since 2017 last year, fell a further 24.8% in the quarter, contributing to a 6.3% decline in global deliveries. (EPA Images pic)FRANKFURT: BMW on Wednesday reported shrinking earnings the day after issuing its second profit warning of the year as Chinese competition shakes the global car industry.
Net profit for the third quarter fell about 15% 1.45 billion euros (US$1.61 billion), BMW said, and sales fell almost 6% to 30.45 billion euros.
BMW on Tuesday issued its second profit warning of 2026, warning that costs associated with a production ramp-up as well as higher-than-expected severance payments could push its core car business into an overall loss for the year.
