# Where’s the growth? Legacy automakers face a tougher 2027 as costs rise, market tightens

- URL: https://talkfuse.com/story/wheres-the-growth-legacy-automakers-face-a-tougher-2027-as-costs-rise-market-tightens/
- Published: 2026-11-06T13:00:01+00:00
- Updated: 2026-11-06T13:27:21+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/06/automakers-rising-costs-flat-production-2027.html
- Topics: Business

## Key points

- Rising costs and slower production are squeezing carmakers.
- Hyundai cut its 2026 sales target to 4 million vehicles.
- Toyota raised its forecast by 500 billion yen.

## Summary

Several major carmakers are facing weaker outlooks as rising costs and slower production make growth harder to sustain. BMW, Stellantis and Hyundai have cut or constrained profit and sales expectations, while Toyota has raised its forecast, helped by hybrid demand and a weaker yen.

BMW says restructuring will cut its automotive pre-tax margin by 2.5 percentage points this year, with a 3% to 5% target for 2028; its margin was 3.4% in the third quarter. Hyundai lowered its 2026 sales target to 4 million vehicles and its operating-margin range to 5.5% to 6.5%. Toyota raised its full-year operating-income forecast by 500 billion yen, about $3.2 billion, while GlobalData expects global light-vehicle production to fall 2.1% in 2026 and grow by less than 1% next year.

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