International Companies

BMW cuts profit guidance on weak China conditions, recall costs

By Benjamin Chiou

Date: Tuesday 10 Sep 2024

(Sharecast News) - Shares in BMW tanked to their lowest in nearly two years on Tuesday after the German automaker scaled back its full-year guidance on the back of weak market conditions in China and costs related to a product recall.
BMW said group earnings before tax will "decrease significantly" this...

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