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BMW Sales Boosted by China’s Strong Covid-19 Recovery

BMW Sales Boosted by China’s Strong Covid-19 Recovery

BERLIN—BMW AG, the German luxury car maker, reported strong growth in profits and new vehicle sales in the third quarter, as China’s robust recovery f

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BERLIN—BMW AG, the German luxury car maker, reported strong growth in profits and new vehicle sales in the third quarter, as China’s robust recovery from the pandemic continues to bolster premium auto brands.

China was the first major economy to lock down this year in a bid to contain the spread of the coronavirus. The strict lockdown helped China contain new infections, and when Europe and the U.S. shut down their economies in the spring and early summer, China’s economy was already beginning to rebound.

The…

This post first appeared on wsj.com

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