Tuesday, 7 November 2017

BMW loses ground to Mercedes as Q3 earnings fall on investment costs

BMW's third-quarter pretax profit fell 5.9 percent to 2.42 billion euros ($2.81 billion), BMW said, as the automaker warned it need to continue with "significant" upfront investment on research and development for new models including EVs.

source http://europe.autonews.com/article/20171107/ANE/171109848/bmw-loses-ground-to-mercedes-as-q3-earnings-fall-on-investment-costs

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