BMW delivered a 20% surge in third-quarter earnings, but the maker cautioned that a slowdown in the Chinese market could put the brakes on its bottom line in the months ahead.
The Bavarian maker has enjoyed a global surge in demand for its luxury products – while also benefiting from the addition of a number of new models, analyst said. Demand has benefitted from both the U.S. automotive rebound as well as growing sales in China, which is generally expected to become the world’s largest luxury car market. But how soon is now uncertain.
“We continue to chart a course of profitable growth, with reported figures continuing their upward trend in the first nine months of the year”, said BMW Chairman Harald Krüger, in a prepared statement