China slump hits BMW's earnings, prompting restructuring call

BMW reported a 35% decline in quarterly pretax earnings to 1.7 billion euros ($1.95 billion), driven by a slump in the Chinese market. The premium carmaker's CEO cited fierce global competition, increasing regulatory requirements, and the effects of geopolitical conflicts as key challenges. The earnings drop has prompted calls for restructuring within the company to address the headwinds.

First published Aug 4, 02:04 PM UTCUpdated Jul 30, 07:26 AM UTC1 reports · 1 sources

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China slump hits BMW's earnings, prompting restructuring call

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China slump hits BMW's earnings, prompting restructuring callThe Business TimesRegionalJul 30, 07:26 AM UTC

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