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BMW targets margin recovery with cuts and local production
Source: reuters.com
Automotive & EVCorporate Guidance & OutlookCompany FundamentalsTrade Policy & Supply Chain
BMW is expected to outline plans for increased local production to rebuild margins following a series of profit warnings linked to weak performance in China. The strategy suggests the premium automaker is seeking to reduce regional cost and supply-chain pressures, but underscores continuing earnings headwinds in its key Chinese market.
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