(FILES) A logo of German automotive brand BMW is pictured on BMW car in Frankfurt am Main, western Germany, on May 5, 2026. German manufacturer BMW announced on November 4, 2026 a nearly 40% drop in the operating profit of its automotive division for the third quarter, citing difficulties in the Chinese market, higher customs duties, and unfavorable exchange rate effects. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)