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Euronews
Euronews
Doloresz Katanich

BMW warns of ‘significant’ profit decline as shares fall 7%

BMW Russ Mould BMW AG China Middle East

Munich-based carmaker BMW AG is forecasting a "significant" decrease in its pre-tax profit this year, largely due to weakening demand in China and the impact of the Middle East crisis.

BMW, owner of the BMW, MINI, Rolls-Royce and BMW Motorrad brands, cited worsening market conditions and the cost of restructuring measures in a profit warning issued on Tuesday.

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