BMW HAS LOWERED ITS Expectations for this year. This is due to persistently weak sales in China and Costs for American Import Duties. In The Asian Country, The German Car Manufacturer, experiencing fierce competition from Local Car Manufacturers, Among Other Things.
Profit Before Taxes is expected to decline slightly, Instead of Remoining The Same As Last Year. In Addition, The Manufacturer Has Lowered Its Expectations for Free Cash Flow. BMW also published its sales figures for the third quarter on Tuesday, which Show that sales in China have fallen.
The United States HAS PreviOutly Lowered Import Duties on European Cars and Car Parts. This Measure Applies Retroactively From August 1. In Return, The European Union Has Agreed to Allow American Cars Without Import Duties.