NEW YORK, NEW YORK – AUGUST 01: A BMW logo is displayed at a BMW showroom in Manhattan on August 01, 2019 in New York City. Blaming slowing sales in the U.S., China and Europe, BMW announced that its pre-tax profit fell to 2.1 billion euros ($2.3 billion) from 2.9 billion ($3.2 billion) in the same period of 2018. The iconic German auto company also claims that spending more on new technologies like electric cars and computer driven ones has hurt profits in the short term. Spencer Platt/Getty Images/AFP