BMW third-quarter profit jumps after record sales in China
German carmaker warns a second wave of Covid infections in Europe and the US pose a ‘considerable’ risk to its business
04 November 2020 - 17:31
Frankfurt — BMW's third-quarter profit rose almost 10% thanks to Chinese demand for luxury cars, but the German carmaker warned a new wave of coronavirus infections sweeping Europe and the US posed a “considerable” risk to its business.
Sales of luxury models such as the 8 series and X7 helped the carmaker reach a new sales record in the quarter, but the cautious outlook sent BMW shares lower on Wednesday...
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