EconomyBMW warns on profits as it absorbs costs of 8,000 job cuts
BMW cut its expected profit margin for the year to between -0.5% and 0.5%, citing restructuring costs that include 8,000 job cuts in Germany, as it faces competition from China. Third-quarter pre-tax earnings fell 11%, while sales in China dropped 22% in the first nine months.
TThe Guardian★★★☆☆2026-11-04 11:58Original
BMW warns on profits as it absorbs costs of 8,000 job cuts
Economy