BMW profits rise despite supply chain issues

bmw, cars, automobile, eletric cars
The Bavarian car maker is leading the way with electric cars.

BMW profits have risen to €3.4bn (£2.9bn) in the third quarter, which is a 38% increase on the same period a year earlier.

The bigger than expected profits are from the company focusing on more expensive cars and electric vehicles.

Revenues at BMW increased by 4.5% to a total of €27bn for the quarter.

The rise in sales is also despite a decline in overall sales and the global supply chain issues.

Oliver Zipse, BMW’s chief executive, said the group was “overcoming difficult situations”.

Sales of electric cars have doubled between January and September.