{
  "id": 18120549,
  "title": "BMW warns on profits as it counts cost of plan for 8,000 job cuts",
  "url": "https://urgent.news/2026/11/04/bmw-warns-on-profits-as-it-counts-cost-of-plan-for-8-000-job-cuts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T11:58:19.000Z",
  "source": {
    "name": "The Guardian",
    "slug": "the-guardian",
    "url": "https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts"
  },
  "original_language": "en",
  "account": null,
  "summary": "German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China. The company is the latest to issue a profit downgrade in the German car sector, with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}