BMW Cuts Annual Guidance Again, Warns Auto Segment Could Post Loss
BMW cut its annual guidance again and said its core automotive segment could post a loss on a closely watched profitability metric as it accelerates restructuring.
By Adria CalatayudBMW again cut its annual guidance, warning that its core automotive segment could slide to a loss for a closely watched profitability metric, as the group moves to speed up its restructuring program.With problems mounting for the industry, several European carmakers are shifting u…