The BMW Group income increased 3.2% during the third quarter as its unit sales jumped more than 10% despite the challenging and volatile business conditions, prevailing across Europe.
“Reported figures for both the third quarter and the nine-month period have developed positively despite the higher level of expenditure on new technologies and a challenging market environment in Europe. We have recorded best-ever worldwide sales volume figures to date and remain within our targeted margin range for the Automotive segment,” said Norbert Reithofer, chairman of the Board of Management of BMW AG.
Based on its strong performance in the first nine months of the year, the BMW Group also reaffirmed its outlook for the current year, Reithofer said. (more…)