BMW shares hit lowest since 2020
BMW's shares dropped by about 7% to their lowest level since November 2020 after the company lowered its profit outlook for 2026. This decline reflects weakening demand in the Chinese market and geopolitical challenges related to the Iran war. The downturn has put pressure on the European automotive sector, with expectations that the crisis will extend to other companies in the industry due to decreasing demand and rising production costs.
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