Overview
- BMW shares fell to their lowest levels in over 5 years on Wednesday after slashing 2026 guidance.
- The group’s pre-tax profit is now expected to fall “significantly.”
- European carmakers continue to lose ground to their Chinese rivals.
Shares in BMW tumbled to their lowest level in over 5 years on Wednesday after the German carmaker cut its 2026 profit outlook, citing a slowdown in Chinese demand and disruption caused by the Iran war.
Source: https://www.cnbc.com/2026/06/17/bmw-profit-warning-autos-cars-china-iran.html