finance
BMW Lowers Profit Guidance After China Sales Slow and Iran Conflict Disrupts Supply
BMW lowered its full-year profit guidance Wednesday after reporting weaker sales in China and supply disruptions linked to the Iran conflict. The company attributed both factors to the decision.
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BMW lowered its full-year profit outlook after citing weaker demand in China and supply disruptions tied to the Iran conflict.
BMW stated that a slowdown in the Chinese market contributed to the lowered guidance. Disruptions linked to the Iran conflict also factored into the decision. BMW stock fell to a five-year low following the announcement.
The company did not detail specific figures for sales declines or disruption costs in the available information.
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