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BMW warns on profits as it counts cost of plan for 8,000 job cuts

Source: Guardian World · Nov 04, 2026 11:58 UTC

The Quick Take

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 Merce

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