(FILES) A production line is pictured at German carmaker BMW at the company's plant in Munich, on December 5, 2023. Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said on July 30, 2026, as intense Chinese competition shakes German automotive giants. Net profit in the three months to the end of June came in at 1.2 billion euros (USD 1.4 billion), BMW said, a fall of almost 35 percent on this time last year. That was BMW's lowest quarterly profit since late 2024 when faulty brakes fitted to vehicles ended up costing the carmaker hundreds of millions of euros. (Photo by Alexandra Beier / AFP via Getty Images)