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BMW slashes its 2026 profit forecast as China and the Iran war batter demand
Quartz
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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 automaker now expects its automotive EBIT margin to land between 1% and 3%, down from a prior guidance range of 4% to 6% ...
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