BMW shares plunge after China weakness, Iran war trigger profit warning

- Shares in BMW BMWG.DE fell 8% in early Frankfurt trade after the premium automaker late on Tuesday issued a profit warning that some analysts said signalled a broader strategic rethink.

The company blamed ongoing weakness in China and the impact from the Iran war on prices and customer sentiment, with analysts at Deutsche Bank and Jefferies both saying the outlook cut was significantly larger than expected.