The Next Web
BMW slashes profit forecast as China’s EV makers squeeze European carmakers on two fronts
BMW on Tuesday cut its full-year profit forecast for the car business, lowering its expected automotive EBIT margin to a corridor of 1 to 3 per cent from prior guidance of 4 to 6 per cent. The company blamed an accelerating decline in the…
View original source — The Next Web ↗
Related stories
Bloomberg
BusinessJun 17, 2026 · 1 min
BMW Sees Profit Margin as Low as 1% as China Demand Weakens
Bloomberg
MarketWatch
BusinessJun 17, 2026 · 1 min
BMW issues a big profit warning it once again blames on China. The automaker is plotting a major strategy shift
MarketWatch
Euronews
WorldJun 17, 2026 · 1 min
BMW warns of ‘significant’ profit decline as shares fall 7%
Euronews
CNBC
BusinessJun 17, 2026 · 1 min
CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
CNBC