German automaker BMW has slashed its profit forecast for the second time this year as weak demand in China drives a steep drop in sales. Facing mounting financial pressure, the company announced plans to speed up restructuring efforts, including workforce reductions and investments in future vehicle technologies, to help stabilize its profitability. The move underscores the challenges automakers face in adapting to shifting global market dynamics. Analysts will be watching closely to see whether these measures can offset the ongoing sales slump.
BMW cut its profit outlook again amid a sharp sales decline in China. The automaker said it will accelerate restructuring, job cuts and next-generation vehicle plans to restore margins.
