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BMW cuts 100+ managers as China sales slump, US tariffs pressure profits
Financial Times·DE · CN · US·2 days ago
BMW announced a restructuring plan centered on cost reductions and the launch of two new models, following its third profit warning in June 2026, which had already shaken investor confidence. The plan signals an attempt to stabilize margins amid ongoing demand and cost pressures, but details on the scale of cuts and model specifics remain undisclosed. This development matters as it reflects the broader challenges facing European automakers in a transitioning market.