BMW shares slump amid BMW Group’s woes

BMW shares slumped to a fresh three-month low on Tuesday, with the German automaker reporting a $1.9 billion net loss for the quarter ended September 30.

The German automakers shares plunged 11.8% to $16.90 on Tuesday.

BMW’s net loss was $1 billion, or $1,000 per share.

The company’s shares were last down $2.80, or 0.3%, at $16,878.