BERLIN—BMW AG reported higher profit in the third quarter even though a decline in sales in the U.S. and increased investment in electric vehicles and other technology eroded earnings at its automotive division. The Munich-based premium auto car maker, along with rivals Daimler AG and Audi AG, is benefiting from the strong recovery in Europe’s car markets and renewed demand in China, fueling appetite for luxury sport-utility...

Source: Wall Street Journal November 04, 2016 06:51 UTC