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via finance.yahoo.comBusiness & Companies

BMW steps up job cuts as China woes deepen

FROM THE WIRE · FINANCE.YAHOO.COM

'We'll go as far as our feet will carry us' with job cuts, BMW chief Milan Nedeljkovic says (Kirill KUDRYAVTSEV) BMW said Wednesday that it would step up planned job cuts as it reported a drop in third-quarter profit, hit by cutthroat competition and falling demand in China, the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLower profit and weak Chinese demand weigh on the German carmaker's outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BMW reported a drop in third-quarter profit.
  2. 02CEO did not give a figure for the new job cuts.
  3. 03Sales in China are collapsing.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Bayerische Motoren Werke AGBMW.XETRAStock58.56 EUR-0.03%today +1.31%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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