Profit warning sends shares of German car giant BMW sliding 7% (opens original article in a new tab)
A profit warning from BMW caused its shares to drop 7%, the lowest since 2020, as the company faces challenges from China's weak market and the Iran war, with analysts warning of broader sector impacts.
- BMW shares fell 7% after a profit warning
- BMW lowered its 2026 operating margin guidance to 1%-3%
- China's weak car market and Iran war pressures impact European automakers
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