
AI-generated summary
The financial results for the first 9 months of the year highlight the difficulties of the German automotive sector in key markets such as China.
BMW closes the first 9 months of the year with revenues down 7.3% to 92.72 billion and net profit down 24.4% to 4.32 billion.
Sales were down 4.9% to 1.71 million cars, with the main brand down 6.4% to 1.48 million cars, Mini up 6.8% to 220,247 units and Rolls Royce down 12.4% to 3,592 cars.
Production fell by 4.2% to 1.78 million units.
For BMW, as for other German brands, China also weighed on sales, with a drop of 21.8% to 376,444 cars.
There was also a decline in the rest of Asia and the Pacific (-10.1% to 2231,701 cars), while sales grew in Europe (+4.5% to 733,051 vehicles), in Germany (+7.2% to 217,584 units), in the United Kingdom (+3.1% to 133,185 units) and in America (+2.8% to 374,495 vehicles), where the USA accounts for the lion's share with an increase of 3.4% to 308,586 cars).
For the full year, BMW expects an impact on the operating result (EBIT) of the auto sector of 1.25% due to the tariffs, compared to 1.5% in 2025.
The Chinese market is expected to "further contract", while overall car sales are expected to "decline modestly". compared to 2025.
The group expects the operating margin of the automotive sector to vary between -0.5% and +0.5%.
AI outlook — possibilities, not facts
Impact on operating profit (EBIT) of the auto sector of 1.25% due to tariffs
Likely · Within months

The European Parliament's Environment Committee has approved a proposal that scales back CO2 emissions reduction targets for cars and vans from 2035, introduces incentives for electric vehicles produced in the EU and recognizes a role for renewable and low-emission fuels. The text now moves to the plenary in December 2026.

According to the Dekra 2026 Report, 63% of Italians consider smartphones to be the main danger while driving. In 2025, 177,207 accidents and 2,868 deaths were recorded in Italy.

BMW lowers its 2026 forecasts for the automotive segment: Ebit margin between -0.5% and +0.5% (previously between 1% and 3%), RoCE between -1% and +1% (previously between 1% and 5%). The board expanded structural and portfolio measures, with non-operational impact in the fourth quarter. Expected deliveries moderately decreasing, electric cars slightly increasing, motorcycles slightly decreasing.

Tata Motors has acquired 89.42% of Iveco Group through a takeover bid. Indian leaders have confirmed that the headquarters will remain in Turin, supporting the company's current strategy and investment plans.

In the two-year period 2025-2026, sales of hybrid and electric cars are growing in Italy, while petrol and diesel are decreasing. This was revealed in the report for the States General of the Green Economy in Rimini, also reporting a real decline in the National Transport Fund.

Stellantis reports production slowdowns for Fiat models, including the Pandina and 500, due to the shortage of a component of the engine control unit. Impacts on Pomigliano and Mirafiori until the end of the year.