BMW cut its automotive margin guidance to a range of negative 0.5% to positive 0.5%, citing substantial restructuring costs expected in the fourth quarter. The automaker's earnings before interest and taxes fell 29.7% in the third quarter compared to last year. China deliveries dropped 24.8% year-over-year, offsetting small gains in Europe and North America. Group revenue declined 5.8% to approximately €30.5 billion in the quarter.