BMW Profit Falls Amid Fierce Competition – Wall Street Journal

Posted: Tuesday, August 04, 2015

BERLIN—BMW AG on Tuesday has reported a decline in second-quarter profit due to rising costs and tougher competition in China and the U.S. that forced the luxury auto maker to sell its cars at lower prices.

Net profit fell 1.1% to €1.74 billion ($1.91 billion) in the three months to end-June—a decline which wasn’t as steep as analysts were expecting—on a 20% rise in revenue to €23.94 billion.

“If conditions on the Chinese…

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