XTRA:BMWAuto
BMW (XTRA:BMW) Issues Profit Warning And Plans Job Cuts After China Weakness
BMW issued a profit warning and cut its earnings outlook as it grapples with the impact of the Iran conflict and softer demand in China.
The company plans a global workforce reduction, signaling a material shift in cost priorities across its operations.
These moves come as BMW faces a weaker share price backdrop and rising competition in key markets.
At a share price of €59.22, XTRA:BMW has faced a difficult run, with the stock down 23.1% over the past month and 38.5% year to date. Over 3...