BMW loses ground to Mercedes as Q3 earnings fall on investment costs

BMW loses ground to Mercedes as Q3 earnings fall on investment costs http://ift.tt/2ydaFgM's third-quarter pretax profit fell 5.9 percent to 2.42 billion euros ($2.81 billion), BMW said, as the automaker warned it need to continue with "significant" upfront investment on research and development for new models including EVs.