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BMW drives past estimates despite China concerns

The "Made in Germany" brand is alive and well at BMW, which recorded another sales volume record in the third quarter. But concerns about China's economy dominate and the uncertainty could prompt a weakening outlook.

The Munich-based premium carmaker said operating profit rose 4.3 per cent from a year ago to €2.35bn in the third quarter, ahead of forecasts at €2.16bn

Revenues accelerated 14 per cent to €22.35bn, matching estimates. Profit before tax rose "significantly", up 12.8 per cent to €2.26bn.

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