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BMW downgrades 2024 outlook over brake issues and weak demand in China

todaySeptember 10, 2024 7

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BMW downgrades 2024 outlook over brake issues and weak demand in China
BMW cut its profit margin forecast for the year Tuesday due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental, sending the carmaker’s shares close to a two-year low.

​ BMW cut its profit margin forecast for the year Tuesday due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental, sending the carmaker’s shares close to a two-year low. Read More Breaking News, Latest News and Videos | CNN 

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