China’s Brutal Auto Price War Claims Its Biggest Victim Yet: BMW

BMW stock fell on Wednesday, dragging down shares of other European auto makers after a shocking cut to guidance that boils down to a weakening Chinese auto market. Shares of the German car maker were down 7.8% in overseas trading. The drops came after BMW cut its 2026 automotive profit margin guidance to 1% to 3%, down from 4% to 6%.