BMW Plans to Cut More Costs After China Slump Hits Outlook (opens original article in a new tab)

BMW AG reduced its annual profitability forecast and expanded cost-cutting measures amid declining demand in China and a worsening global market environment.

• BMW AG slashed its profitability forecast for the year from 6% to 1-3% due to worsening demand in China
• The company is expanding its 2026 cost-cutting program, citing a 'drastic downturn in market conditions'
• BMW expects a significant decline in profit and free cashflow in the second quarter