BMW Stock News

The German car maker has an impeccable balance sheet and a great new electric-vehicle platform. Its profit margins should rebound.

The full-screen animation -- delivered through BMW's main Control Display -- triggered an immediate backlash from drivers.

BMW stock was in focus on Thursday after the premium carmaker delivered a modest earnings beat but revealed how sharply China, tariffs and weaker cash generation are eroding its core business. Second-quarter pre-tax profit fell 35.1% to €1.70 billion, slightly above the €1.6 billion analyst consensus.

Earnings before interest and taxes plummeted by 39% on year as the group faced weakening sales in China, as well as currency and commodity headwinds, it said Thursday.

German premium carmaker BMW said it was steeling itself for ​tougher competition with workforce reductions as ‌pre-tax earnings slumped by over a third in the second quarter due Middle East ​headwinds and weakness in China.