BMW Issues Profit Warning Amid China Slowdown and Iran Tensions
German automaker BMW issued a severe profit warning, citing compounding risks from China's economic slowdown and geopolitical tensions in Iran. The company slashed its operating margin target for the core automotive segment to 1%–3%, down sharply from previous guidance of 4%–6%. This has triggered an immediate 7% drop in share price.
Topics: automotive industry economic slowdown geopolitical risk profit warning