# BMW warns on profits as it counts cost of plan for 8,000 job cuts

- URL: https://talkfuse.com/story/bmw-warns-on-profits-as-it-counts-cost-of-plan-for-8000-job-cuts/
- Published: 2026-11-04T11:58:19+00:00
- Updated: 2026-11-04T12:26:40+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts
- Topics: Asia, Business, Companies, Europe, World

## Key points

- BMW expects its annual profit margin to fall to between -0.5% and 0.5%.
- Restructuring includes 8,000 planned job cuts in Germany.
- China sales fell 22% in the first nine months of the year.

## Summary

BMW has cut its forecast for this year’s profit margin to between -0.5% and 0.5%, its second downgrade in a year. It says restructuring costs, including 8,000 planned job cuts in Germany, are adding to pressure from Chinese competition and weaker sales in China.

Third-quarter revenue fell 6% to €30.4bn, while pre-tax earnings dropped 11% to €2.1bn. Sales in China were down 22% in the first nine months; BMW said this reflected the wider market downturn. Its core car business had a 3.4% operating margin, or more than 2% excluding restructuring charges, and the company is accelerating management cuts as it launches its new electric vehicle range in China.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.