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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 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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