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BMW outpaces German rivals

DW News · Just In
DW News
DW News
Just In

BMW appears to defy the industry downturn. While profits at VW, Mercedes and other major carmakers are slipping, the Munich-based automaker says its third-quarter profit has leapt to €1.7 billion. But there’s a catch.

Breakdown
  • BMW's third quarter profit tripled compared to the same period last year, though last year's results were impacted by a recall.
  • BMW increased its global sales to 1.8 million vehicles in the first nine months, while Mercedes-Benz and Audi saw declines. 28s
  • BMW earned 5.7 billion euros in the first nine months, surpassing Mercedes and Volkswagen Group. 41s
  • Analysts credit BMW's consistent long-term strategy for its strong performance, in contrast to strategic missteps by Mercedes and Porsche. 56s
  • BMW faces challenges in China, where competition from domestic brands has kept sales flat in the last quarter. 1m 16s
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