BMW Lowers FY2026 Automotive Margin Guidance Amid Accelerated Restructuring

BMW lowered its 2026 automotive EBIT margin guidance to -0.5% to +0.5%, from 1% to 3%, as it accelerates restructuring and portfolio optimization. Third-quarter net profit fell 15% year over year to €1.45 billion, with weakness in China cited as a factor. The company is pursuing cost cuts and workforce reductions to improve competitiveness and support the rollout of its Neue Klasse electric vehicles, while maintaining its automotive free cash flow target above €2.5 billion.