BMW earnings slip on China, costs for new models

In this March 19, 2013 file photo flags of car manufacturer BMW blows in front of the headquarters in Munich, Germany. German luxury automaker BMW AG saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles as key models approach the end of their life cycle, the company said Tuesday, Aug. 4, 2015. AP/Matthias Schrader, File