{"id":2155,"date":"2026-06-16T21:38:44","date_gmt":"2026-06-16T21:38:44","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2155"},"modified":"2026-06-16T21:38:44","modified_gmt":"2026-06-16T21:38:44","slug":"bmw-lowers-profit-outlook-due-to-china-downturn-iran-war-double-whammy","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2155","title":{"rendered":"BMW lowers profit outlook due to China downturn, Iran war double whammy"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>BERLIN, June 16 (Reuters) &#8211; BMW (BMWG.DE)<svg><\/svg><span>, opens new tab<\/span> slashed \u200bits outlook for 2026 on Tuesday, blaming an accelerated downturn in the key \u200cChinese market as well as the impact of the Iran war, which the German premium carmaker said had hit consumer sentiment and raised energy costs.<\/div>\n<div>The comments showed how exposed Europe&#8217;s auto sector \u2014 already \u200bpummelled by fierce Asian competition and weak demand at home \u2014 is \u200bto developments abroad.<\/div>\n<div>BMW said it now expects an operating margin in its core \u2060automotive segment of between 1% to 3%, down from 4% to 6% previously, as well as \u200ba slight decrease in core deliveries in 2026, having previously expected them to \u200bbe on par.<\/div>\n<div>The company&#8217;s group profit before tax is expected to fall significantly, which BMW defines as a decline of more than 15%, after previously forecasting a moderate drop.<\/div>\n<div>After the \u200boutlook cut, Frankfurt-listed shares in BMW were 6.6% lower on the day at \u200b1810 GMT.<\/div>\n<div>BMW will &#8220;significantly intensify and accelerate&#8221; cost cutting measures as a result, CEO Milan Nedeljkovi\u0107 \u200csaid, \u2060adding the group would adapt &#8220;current structures and processes to the drastic downturn in market conditions&#8221;.<\/div>\n<div>The automaker did not disclose details, only saying these steps would lead to a negative one-off in the second half of 2026.<\/div>\n<div>China remains the biggest market \u200bfor Germany&#8217;s automakers, \u200bwith Volkswagen, Porsche, \u2060Mercedes-Benz and BMW all feeling the pain from what some executives have described as &#8220;Darwinian&#8221; price competition.<\/div>\n<div>BMW said it could not &#8220;operate \u200bin isolation of this situation&#8221;, and market momentum in \u200bthe United \u2060States and Europe could not offset the decline in the world&#8217;s biggest car market.<\/div>\n<div>The company also said the impact from the Middle East conflict had turned out to \u2060be \u200bworse than initially expected, pointing to higher energy \u200bprices as well as deteriorating consumer sentiment around the world due to the &#8220;lack of stability&#8221;.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2153\">G7 leaders discuss \u2018trusted partners\u2019 access to cutting-edge US AI models, sources say<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2151\">US senators ask for review of Tesla\u2019s \u2018Full Self-Driving\u2019 safety data, citing Reuters report<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2149\">Trump invokes Defense Production Act for munitions, supply chains<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMW slashed \u200bits outlook for 2026 on Tuesday, blaming an accelerated downturn in the key \u200cChinese market as well as the impact of the Iran war, which the German premium carmaker said had hit consumer sentiment and raised energy costs.<\/p>\n","protected":false},"author":1,"featured_media":2154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[8,150],"class_list":["post-2155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china","tag-financial-results"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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