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BMW 3Q net profit falls 74 percent to €78 million


Last Update: 11/03 6:59 am
(Mark Renders, Getty Images)
(Mark Renders, Getty Images)

FRANKFURT (AP) — German carmaker BMW AG says its net profit for the third quarter fell 74 percent to €78 million ($115 million) as a result of the global economic downturn.

BMW, the world's biggest luxury car company by sales, says Tuesday it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to €11.8 billion.


©2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



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