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BMW AG’s earnings plunged 23% in the first quarter as intense competition in China pushed sales in its biggest single market to a five-year low.
The hit in China was so large that it ... putting them in direct competition with European manufacturers such as Porsche and ...
BMW AG’s China sales dropped to the lowest in five years during the first quarter as intense competition with local manufacturers continued to erode its share of the world’s biggest car market ...
BMW has reported a 25 per cent fall in earnings as it adjusts to new global tariffs and stiff competition in the Chinese ... the cars it sells in Europe from China.
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BMW's net profit crashed by over a third ... anticipating intensifying trade wars and the continuation of tough competition in China.
putting them in direct competition with European manufacturers such as Porsche and BMW. That has put foreign manufacturers like Porsche and BMW, each of which counted China as its second-largest ...