BMWconfirmed full-year guidance after a surge in Chinese sales boosted third-quarter earnings but it warned that the environment for premium automakers was tougher.
BMW’s earnings before interest and taxation in the third quarter jumped 14 per cent to €2bn, beating a consensus forecast of €1.74bn compiled by Bloomberg.
BMW has outperformed rivals in recent quarters but Norbert Reithofer, chief executive, conceded that “like the rest of the sector, we are now beginning to feel some headwind”.
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