www.economica.net/bmw-profitul-trimestrial-a-scazu

BMW's quarterly profit has declined due to weakness in the Chinese market, with a nearly 15% drop in net profit. Sales in China fell by about 25%, although the company partially offset this with increased deliveries in Europe and the US. Global sales decreased by 6.3%, and revenues dropped by 5.8%. BMW issued a profit warning for the second time this year, revising its profit margin forecast downwards. The company plans to cut around 8,000 jobs globally, mainly in administration and R&D, amid rising competition from Chinese automakers.