BMW records massive decline in China business

BMW AG's sales figures suffered a drastic decline of nearly 30 percent in China in the third quarter—a significant setback for the German automaker. A total of 147,691 vehicles from the BMW and Mini brands were delivered in China between July and September, the company announced on Thursday. This significant market reveals a clear deterioration in sales performance. In the two preceding quarters, the decline in sales in the country amounted to less than 5 percent compared to the previous year. This dramatic turnaround indicates that BMW is facing serious challenges to stabilize its market position in China.