BMW slumps after it cuts guidance

Bayerische Motoren Werke AG

17/06/2026 07:46

** German carmaker BMW BMWG.DE stock falls 8% in early Frankfurt trade after the company cut its guidance on Tuesday, citing downturn in the Chinese market and the impact of the Iran war
** BMW said it now expects an operating margin in its core automotive segment of between 1% to 3%, down from 4% to 6% previously
** Company'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
** "Incoming CEO might intend to clean the “deck”, but keep in mind that BMW calls since quarters the bottom of the market in China and that the warning is really substantial," a local trader writes
** BMW falls to the bottom of Germany's blue-chip index in early Frankfurt trade 

 (Reporting by Tristan Veyet)
 ((Tristan.veyet@thomsonreuters.com))