{"id":650623,"date":"2026-11-04T09:22:10","date_gmt":"2026-11-04T09:22:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/650623\/"},"modified":"2026-11-04T09:22:10","modified_gmt":"2026-11-04T09:22:10","slug":"german-car-maker-bmw-issues-second-profit-warning-in-a-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/650623\/","title":{"rendered":"German car maker BMW issues second profit warning in a year"},"content":{"rendered":"<p class=\"nVDwvDZk\" style=\"display:none\">In its latest warning, BMW said its redundancy programme was moving faster than expected, resulting in bigger-than-anticipated severance payments for the final quarter of the year.<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">\u201cThe company intends to leverage the momentum generated by its workforce restructuring programme to expand its organisational and process realignment more quickly,\u201d it said.<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">\u201cThe reduction in management functions will be implemented faster than announced.\u201d<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">Strong demand for new models based on the firm\u2019s Neue Klasse platform meanwhile meant the company would incur charges to bring in extra shifts, it said.<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">Car and motorbike deliveries for the year are nevertheless expected to fall more steeply than expected, BMW said.<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">Across its brands \u2013 which, apart from the namesake, include Mini and Rolls-Royce \u2013 BMW last year delivered a total of 2.46 million vehicles.<\/p>\n<p class=\"nVDwvDZk\" style=\"display:none\">\u2013 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"In its latest warning, BMW said its redundancy programme was moving faster than expected, resulting in bigger-than-anticipated severance&hellip;\n","protected":false},"author":2,"featured_media":650624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[18237,138,3944,45134,802,10666,1644,49753,78,18087,1452,13106,111,139,69,8780,8417,5340,318730,23940,8466,14578,1455,6436,379],"class_list":["post-650623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bmw","tag-business","tag-car","tag-citing","tag-costs","tag-cuts","tag-financial","tag-german","tag-in","tag-issued","tag-issues","tag-maker","tag-new-zealand","tag-newzealand","tag-nz","tag-premium","tag-production","tag-profit","tag-rampup","tag-related","tag-second","tag-tuesday","tag-warning","tag-well","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/650623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=650623"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/650623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/650624"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=650623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=650623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=650623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}