BMW stock slumps to 5-year low as Iran war and China slowdown spark profit warning
Orientul Mijlociu
Shares in BMW tumbled to their lowest level in over 5 years on Wednesday after the German carmaker cut its 2026 profit outlook, citing a slowdown in Chinese demand and disruption caused by the Iran war. In a statement released Tuesday morning, the carmaker said that "positive volume developments in Europe and the USA cannot compensate for the sales decline in China and Asia Pacific." BMW added that elevated energy prices driven by the war in Iran are weighing on costs, as well as "negatively
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