BMW: It is expected to further reduce costs in the fourth quarter.

In the third quarter, BMW's automotive sector revenue was 28.51 billion euros, an increase of 2.4% year-on-year, forecasted to be 28.77 billion euros; the third-quarter EBIT was 2.26 billion euros, an increase of 33% year-on-year, forecasted to be 2.34 billion euros; the third-quarter EBIT margin for the automotive business was 5.2%, compared to 2.3% in the same period last year, forecasted to be 5.33%. BMW said it expects to further reduce costs and reduce R&D and capital expenditures in the fourth quarter; the company is on track to achieve its full-year targets.