BMW slashes 2026 outlook as West Asia war shock and China slump batter profits

AI Summary

German automaker BMW announced a downgrade of its 2026 financial targets on June 17, revising expectations from a moderate decline to a significant decrease in pre-tax profit. The company attributed the worsening outlook to ongoing Middle East conflict and weakening economic conditions in China. These external pressures are constraining the luxury carmaker's profitability for the year ahead.