world · The Guardian
BMW warns on profits as it counts cost of plan for 8,000 job cuts
Wednesday, November 4, 2026 · 11:58 AM
German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China. The company is the latest to issue a profit downgrade in the German car sector, with Mercedes-Benz last week c
This dispatch was composed for The Fennark Chronicle from a public news wire. The original publisher holds the full report; Fennark reprints the lead for this edition's page.
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