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BMW Faces Second Profit Warning as It Accelerates Cost-Cutting Measures

By admin November 4, 2026 No comment

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BMW shares rose 2.3% on Wednesday despite the German automaker lowering its 2026 financial outlook for the second time this year and reporting a sharp decline in quarterly profits. The company now expects its 2026 operating margin in the core automotive business to range between -0.5% and 0.5%, well below its long-term target of 8% […]

Volvo Expects Recovery Despite China Slump

By admin July 17, 2026 No comment

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Volvo Cars expects a stronger second half of 2026 despite reporting weak second-quarter results driven by a sharp slowdown in China and rising production costs. The Swedish automaker posted an operating profit of $82.8 million for the April–June period, but its shares fell around 8% after the results were announced. Sales in China, the world’s […]

BMW Shares Plunge Following Severe Profit Warning Linked to China Slump and Iran War

By admin June 17, 2026 No comment

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Shares in premium automaker BMW tumbled 8% in early Frankfurt trade following a severe profit warning issued late Tuesday. The company attributed the drastic guidance downgrade to a deepening economic downturn in China and the global fallout from the war in Iran, which has driven up energy costs and severely dented international consumer confidence. Analysts […]