Shafaqna English– On Tuesday(16 Jun 2026), BMW sharply cut its 2026 forecast, citing a worsening downturn in China, its key market, along with the effects of the Iran war. The German luxury automaker said these factors have weakened consumer confidence and pushed energy costs higher.
The remarks highlighted how vulnerable Europe’s automotive industry—already battered by intense competition from Asia and sluggish domestic demand—is to overseas developments.
Source: Reuters