BMW Drives Off Course, Sending Auto Stocks Lower

BMW Drives Off Course, Sending Auto Stocks Lower · The Wall Street Journal

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A profit warning from the Munich-based manufacturer sent its shares down around 9% and dragged down peers such as **Stellantis** and **Mercedes-Benz**. BMW is facing three headaches: a faulty braking system, weak car sales in China, and tougher competition in motorcycles. For auto investors more generally, the biggest concern is probably BMW’s comments on China.