(Reuters) – BMW reported a 61% drop in third-quarter operating profit on Wednesday, weighed down by weak demand in China and problems related to a braking system supplied by Continental.
The German premium carmaker reported earnings before interest and tax of 1.7 billion euros for the period, higher than the 1.65 billion euros forecast in a company-provided consensus of analysts.
BMW confirmed its full-year forecast after having cut its 2024 profit margin outlook in September.
($1 = 0.9179 euros)
(Reporting by Chiara Holzhaeuser, Editing by Rachel More)
