BMW cut its full-year automotive operating margin forecast on Tuesday, November 3, 2026, to a range of -0.5% to 0.5%, down from the previous 1% to 3%, and detailed a restructuring program that includes 8,000 job cuts in Germany.

It is the automaker's second outlook downgrade in a year. Euronews reported that the warning was issued on Tuesday and that the following day, Wednesday, November 4, the company presented its quarterly report: net profit fell nearly 15%, to 1,450 million euros, and revenue dropped almost 6%, to 30,450 million. The Guardian put the quarter's pre-tax profit at 2,100 million euros, 11% less than a year earlier, and framed the downgrade in the context of Western automakers' difficulty keeping pace with their lower-cost Chinese rivals. For Mexico, the data reads through the supply chain: INEGI reported that same November 4 that 137,438 light vehicles were sold in the country in October, 3.1% more than a year earlier.

The new guidance contrasts with the 4% to 6% the company considered possible at the start of the year. In the third quarter, the automotive business's operating margin narrowed to 3.4%, from 5.2% a year earlier, though it beat the 3.1% analysts expected. Deliveries in China fell 24.8% between July and September and 22% in the first nine months of the year. CEO Milan Nedeljković said the industry's evolution demands decisiveness and rapid execution, and that the company will intensify and accelerate structural measures. The automaker follows Volkswagen, which has already booked restructuring costs, and Mercedes-Benz, which cut its outlook the previous week.

The calendar offers a concrete check: on November 9, INEGI will publish the full automotive registry report, with production and exports by brand and destination. That reading will show whether domestic demand, which is up 4.8% between January and October with 1,287,268 units, sustains the pace of the auto parts chain that supplies foreign automakers.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.