- Oct 9
BMW withdraws leasing car offer for AfD parliament president in Saxony-Anhalt
BMW has withdrawn a leasing offer for a company car for Tobias Rausch, elected this week as president of the Saxony-Anhalt state parliament. The AfD has asked Elon Musk for a Tesla as a replacement.
- Sep 30
BMW cuts 20% of management roles and sets 2028 profit margin target of up to 5%
BMW announced plans on 30 September 2026 to cut 20% of its divisions and management posts by mid-2027, deploying artificial intelligence to lower costs and target a 3% to 5% operating margin by 2028.
- Jul 29
BMW profit slumps 35% as China sales collapse, plans 8,000 job cuts
Second-quarter net profit fell to €1.2 billion, and the automotive division earned less than financial services for the first time. The Munich-based carmaker also announced a voluntary severance programme for up to 8,000 employees, its largest workforce reduction in almost two decades.