76 Days
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اقتصاد سكاي نيوز عربية
BMW Q2 profits decline over 30%
BMW's results showed a sharp decline in profits during the second quarter of 2026, with net earnings decreasing by 35% to €1.2 billion. Revenues also fell from €34 billion to €31 billion. The losses were mainly concentrated in the automotive sector, where operating profits dropped by over 60% to €629 million. Meanwhile, the company generated profits from its financial services that exceeded its automotive manufacturing earnings. The downturn was worsened by the decline in sales in the Chinese market, the world's largest car market, which shrank by about a third during the quarter, amid increased competition and market challenges. In response, the company announced a plan to cut 8,000 jobs globally and indicated that rising competition and geopolitical conflicts will impact its business model moving forward, emphasizing the need to improve efficiency and reduce costs to face these challenges.
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