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BMW downgrades 2026 targets on Middle East war, China woes
Free Malaysia Today
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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.
The German carmaker now expects a 'significant' decrease in pre-tax profit this year, against a previous expectation for only a moderate decrease. ...
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