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Poor Demand In China Hits BMW Profit In Q2

Anis

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BMW revealed on Thursday that its core automotive segment profit margin for the second quarter was lower than anticipated. The luxury automaker's sales were negatively impacted by increased competition and decreased demand in China.


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In its car segment, the German automaker's earnings before interest and tax (EBIT) margin dropped to 8.4% from 9.2% in the same period last year. This was below the 8.7% analysts had predicted, based on a company-compiled consensus, Reuters reported.

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BMW also mentioned a record level of investment, with the automaker's spending on electric vehicles and model updates anticipated to reach a peak this year. The automaker reaffirmed its projections for 2024, indicating a minor decline in the group's pre-tax profits because of increased expenses for personnel, manufacturing, and R&D.

The company's full-year target range of 8–10% was not met by the BMW auto segment's margin in the second quarter.

In their primary market of China, local automakers are gaining market share with less expensive electric vehicles, putting pressure on BMW and its competitors to reduce prices.

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The Munich-based carmaker saw a 4% slump in its China sales in the first six months of the year but performed better in the region than Volkswagen and Mercedes, Reuters reported.

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Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

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JPJ Running Numbers

KUALA LUMPUR

VPG2486

SELANGOR

BSF4611

JOHOR

JYA4079

PULAU PINANG

PRR4578

PERAK

ANW6126

PAHANG

CFC1078

KEDAH

KGA9157

NEGERI SEMBILAN

NEG2183

KOTA KINABALU

SJL2710

KUCHING

QAB5039L

Last updated 16 Jun, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.07

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.74

EURO 5 B7

RM 2.94

Last updated 12 Jun, 2025

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