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BMW Q3 Core Profit Margin Rises as EV R&D Spending Falls

Automaker reports improved profitability in the third quarter, driven by a reduction in electric vehicle research and development costs.

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Terms & Concepts
  • Core Profit Margin: A measure of a company’s profitability from its primary operations, excluding extraordinary items.
  • EV R&D: Electric vehicle research and development, involving innovation, design, and testing of battery-powered cars.