BMW stock hits lowest since 2020

BMW Group's stock declined by over 7%, reaching its lowest level since 2020 after issuing a warning regarding its annual earnings results. The decline is attributed to weak economic performance in the Chinese market and the impact of the conflict in the Middle East on prices and consumer confidence. The company has lowered its operating margin forecasts and plans to accelerate cost-cutting measures and review operational structures, expecting an unusual loss in the second half of the year.

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