<header>                                    <a href="https://cde.news/category/business/" target="_blank">Business</a>                                                           </header>           <div>               <p><img src="https://cde.news/wp-content/themes/cde-news/assets/img/cde-news-mark.png" alt>                   <span>                      <span>cde.news desk</span>                      <span>                          <time datetime="2026-11-04T16:40:00+01:00">4 November 2026, 16:40</time>                            · 1 min read                        </span>                     </span>                 </p>                            </div>                              <figure>                    <span><img width="640" height="427" alt loading="lazy" decoding="async"   data-attachment-id="480200" src="https://cde.news/bmw-raises-prices-for-some-models-in-china-on-higher-costs/pexels-photo-113176-2/" data-orig-file="https://i0.wp.com/cde.news/wp-content/uploads/2023/02/pexels-photo-113176.jpeg?fit=1880%2C1253&ssl=1" data-orig-size="1880,1253" data-comments-opened="1" data-image-title="pexels-photo-113176" data-image-description data-image-caption="<p>Photo by Megapixelstock on <a href="https://www.pexels.com/photo/chrome-bmw-grille-113176/" rel="nofollow" target="_blank">Pexels.com</a></p> " data-large-file="https://i0.wp.com/cde.news/wp-content/uploads/2023/02/pexels-photo-113176.jpeg?fit=640%2C427&ssl=1"></span>                                        <figcaption>Photo by Megapixelstock on <a href="https://www.pexels.com/photo/chrome-bmw-grille-113176/" rel="nofollow" target="_blank">Pexels.com</a></figcaption>              </figure>                       <div>                                         <p>German carmaker BMW has issued its second profit warning in a year, citing restructuring costs, including significant job cuts, as it faces growing competition from lower-cost Chinese manufacturers.</p>    <p>The company cut its forecast for its annual operating profit margin to between -0.5% and 0.5%, compared with its earlier expectation of 4% to 6%. The downgrade reflects additional fourth-quarter costs linked to a restructuring programme that includes 8,000 job cuts in Germany.</p>    <p>BMW reported an 11% decline in third-quarter pre-tax earnings to €2.1 billion. Sales in China, one of its key markets, fell by 22% in the first nine months of the year, reflecting a wider slowdown in the country.</p>    <p>Chief executive Milan Nedeljković said the company would accelerate structural changes in response to developments in the automotive industry. China would remain a key focus, with BMW beginning the launch of its Neue Klasse vehicle range there this month with the iX3.</p>    <p>The warning follows a similar downgrade by Mercedes-Benz last week, highlighting mounting pressure on Germany’s automotive industry as manufacturers struggle to compete with Chinese rivals and adapt to the transition to electric vehicles.</p>    <p>BMW is also writing off investments in previous vehicle and technology generations as it introduces its new electric vehicle range.</p>    <p>via The Guardian</p>             </div>

RELATED ARTICLESMORE FROM AUTHOR