BMW cuts profit outlook amid restructuring costs
BMW issued its second profit warning in five months as heavy restructuring costs and falling sales in China impact results. The German automaker reported an eleven percent drop in third-quarter pretax earnings.
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BAYERISCHE MOTOREN WERKE AG posted an 11% drop in third-quarter pretax earnings to €2.1 billion ($2.4 billion), driven by restructuring costs and falling sales in China.
