BMW's profits have declined, and China is increasingly presenting a problem.
BMW sales significantly declined in the second quarter, with revenue down 8 percent and net profit down 35 percent, and operating profit fell to less than half. China remains the biggest problem, with sales down almost a third. After slightly better-than-expected figures, management confirmed a significantly revised annual forecast for June.
BMW sales significantly declined in the second quarter, with revenue down 8 percent and net profit down 35 percent. The operating profit for the automotive division fell to less than half. The main problem remains China, where sales have fallen by nearly a third. After figures that were slightly better than expected, management confirmed the strongly revised annual forecast for June.
