BMW slashes profit forecast as China’s EV makers squeeze European carmakers on two fronts

The Next Web
By Darius PopaJun 18, 2026, 2:29 pm85 pts
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 Chinese market and the widening economic fallout from the conflict in…

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