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Story no.174InternationalOngoingPlants, jobs and earningsSerious Several countries (2)1 Nov → 4 Nov8 facts · 59 art.

BMW cuts jobs and lowers forecasts after 24.4% profit drop

BMW is implementing a job reduction plan and lowering its earnings forecasts for the second time, with profit down 24.4% in the first nine months of 2026 and the possibility of an annual loss. The automaker anticipates a charge of several billion euros related to severance payments and the discontinuation of older electric models, while expecting a slight increase in the share of electric vehicles. In Germany, the elimination of 8,000 positions is accompanied by severance payments that may exceed 650,000 euros, while in China the plan concerns around 1,800 employees. The other countries covered in the file (France, United States, Spain, Netherlands, United Kingdom, Italy) do not show, in the provided sub-events, distinct national measures.

In brief

Ongoing story bringing together 8 events involving BMW, BMW Group, Mercedes-Benz and 1 more, in 2 countries (Allemagne, Chine), followed from 1 November 2026 to 4 November 2026. 59 articles from 22 sources (plants, jobs and earnings); last updated on 4 November 2026 at 10:14. Figures reported: 8000 jobs.

National stories

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01

What is established

Method

Confirmed(6)

Single source so far(4)

  • BMW anticipates a charge of several billion euros related to severance payments and the discontinuation of older electric models. (according to SZ.de)
  • In the first nine months of 2026, BMW's profit fell 24.4% and its revenue stood at 92.7 billion euros. (according to Il Giorno)
  • In the third quarter, revenue of BMW's automotive division amounted to 26.67 billion euros. (according to 观点网)
  • BMW expects a slight increase in the share of 100% electric vehicles in its automotive business and a moderate decline in deliveries for the year. (according to 新浪财经)

Updates(4)

  1. 4 Nov, 09h51Q3 pre-tax profit down 11%.
  2. 4 Nov, 09h51Q3 automotive revenue: 26.67 billion euros.
  3. 4 Nov, 09h51Published nine-month results: profit -24.4%, revenue 92.7 billion euros.
  4. 4 Nov, 02h47Automotive EBIT margin forecast lowered from 1%–3% to -0.5%–0.5%.

AI cross-check of the headlines and extracts of 47 articles (38 outlets) · “confirmed” = reported by at least two independent outlets, or by the manufacturer’s official press room · 4 Nov, 09h51

Checked on the web(3)

Automatic web search, official sources first · “contradicted” only when an official source is cited

02

Background

Method

Context and reference points, separate from the story's news. Every item links to its source; updated on 4 Nov

Key terms

Severance payments
Amount paid to a former employee as compensation following a dismissal without their prior agreement and even if they have committed no professional misconduct; it may also be paid to an employee who retires. Wikipedia
Electric vehicle
A means of transport whose propulsion is provided exclusively by one or more electric motors, drawing energy from onboard resources such as an electric battery or an external source. Wikipedia
03

Timeline

newest first

Dot = severity

04

In figures

The activity

8 facts

Latest activity 50 minutes ago

152
1 Nov4 Nov

Countries concerned

Several countries (2)

Brands concerned

Official figures

  • BMW · 67,640 reg. (EU + EFTA + UK, Sept 26) · 82 recall(s) in 12 months
  • BMW Group · 85,531 reg. (EU + EFTA + UK, Sept 26) · 94 recall(s) in 12 months
  • Mercedes-Benz · 71,871 reg. (EU + EFTA + UK, Sept 26) · 83 recall(s) in 12 months
  • Volkswagen · 120,214 reg. (EU + EFTA + UK, Sept 26) · 59 recall(s) in 12 months

Key figures

8,000
jobs

Amounts cited650.000 Euro · Milliarden

Highest number recorded in 11 article(s), automatically extracted: please check sources.

05

Sources by country and language

Press country

ArticlesOutlets
China1712
Germany1711
France88
United States43
Spain21
United Kingdom22
Italy22
Netherlands22
Türkiye21
Switzerland11
South Korea11
Luxembourg11

Languages

ArticlesOutlets
German1611
Chinese149
English1310
French99
Spanish21
Italian22
Dutch22
Korean11

Country of the outlet (not of the topic), inferred from its address and language. Each outlet counts once per row.

06

Further reading

Countries concerned