BMW posted flat third-quarter operating profit on Friday as investments in new technologies to cut pollution and increase safety ate into profits from sales of its premium cars.
BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.
The return on sales at BMW's automotive division fell to 8.5 percent from 9.1 percent a year earlier, the company said on Friday, marking the 26th consecutive quarter automotive profits have been within its target range of between 8 percent and 10 percent.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
