BBA released the latest financial report, and the third quarter performance was lower than expected

The latest financial reports of the three car companies BBA (Mercedes-Benz, BMW, and Audi) show that their third-quarter performance was lower than expected. BMW's revenue declined the most, reaching 32.406 billion euros, a year-on-year decline of 15.7%; Mercedes-Benz and Audi achieved revenues of 34.528 billion euros and 15.322 billion euros, respectively, down 6.7% and 5.5% year-on-year. This result shows that BBA is not having an easy time in the Chinese market, facing the siege of many new power brands.