<p>German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China</p><p>The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China.</p><p>The company is the latest to issue a profit downgrade in the German car sector, with Mercedes-Benz last week cutting its profit outlook. Western automakers have struggled to keep pace with lower-cost domestic rivals in China, which has led to reduced sales there and a rise in exports to Europe.</p> <a href="https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts">Continue reading...</a>
World
BMW warns on profits as it counts cost of plan for 8,000 job cuts
<p>German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China</p><p>The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China.</p><p>The company is the latest to issue a profit downgrade in the German car sector, with Mercedes-Benz last week cutting its profit outlook. Western automakers have struggled to keep pace with lower-cost domestic rivals in China, which has led to reduced sales there and a rise in exports to Europe.</p> <a href="https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts">Continue reading...</a>