A BMW 740Le xDrive hybrid car is displayed at the Mondial de l''Automobile, Paris auto show, during media day in Paris. Image Source: Reuters
BMW posted flat third-quarter (Q3) 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 (Q3) earnings before interest and taxes (EBIT) was 2.38 billion euros ($2.64 billion or nearly Rs 17,563.26 crore), 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% from 9.1% a year earlier, the company said on Friday, marking the 26th consecutive quarter automotive profits have been within its target range of between 8% and 10%.