Slowing Premium Car Sales Dents BMW China Venture Profits
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BMW AG’s China joint venture partner said it expects first-half net income to fall about 40 percent as demand for premium cars slows in the world’s largest auto market.
Brilliance China Automotive Holdings Ltd. dropped 9.4 percent to HK$10.28 in Hong Kong trading Tuesday, after warning about higher expenses in a statement to the stock exchange. The benchmark Hang Seng Index slid 0.4 percent.