German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries.
Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 percent in the morning trading.
BMW Chief Financial Officer Nicolas Peter said, "As a global premium manufacturer, we are benefiting now more than ever from our balanced positioning in the three major regions of the world: Europe, the Americas and Asia. Overall, we expect the positive momentum for our company to continue in 2023. Our attractive products and growing demand for e-mobility make us optimistic about the future."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.