Symbolic imageBMW cuts outlook for second time since June as profit falls
BMW has lowered its financial targets for the second time since June and now expects a profit margin of between -0.5% and 0.5% this year, according to the Financial Times and the Guardian. Handelsblatt reports that profit fell by more than a third, and the Guardian ties the warning to the costs of a plan for 8,000 job cuts and to competition from China.
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