00:00It's Benzinga, bringing Wall Street to Main Street.
00:02BMW reported first-half vehicle deliveries of about 1.16 million, down 4.2% from a year earlier,
00:10as a sharp decline in China outweighed gains in Europe and the Americas, according to the Wall
00:15Street Journal. Sales in China fell 20% during the first half and dropped 30% in the second
00:20quarter, while sales rose 5.4% in Europe and 3% in the Americas. BMW said sales of fully
00:28electric
00:29vehicles gained momentum in the second quarter with deliveries of its new electric iX3.
00:34The automaker last month lowered its 2026 sales outlook, citing tougher competition and weak
00:40demand in China, along with the impact of the Middle East conflict. BMW's results come as
00:46European automakers face mounting pressure, with Volkswagen also announcing plans to reduce
00:51its model lineup to lower costs and respond to rising competition from Chinese rivals.
00:56For all things money, visit Benzinga.com.
00:59President Generalbanks reported in the U.S. County Department of comfort and
00:59havecussions in our own impact.
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