Geopolitics Alpha

BMW warns on profits as it counts cost of plan for 8,000 job cuts

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GEOPOLITICS ALPHABMW warns on profits as it countscost of plan for 8,000 job cutsBMWYYMBGYYGEOPOLITICS ALPHA

German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China. The company is the latest to issue a profit downgrade in the German car sector, with Mercedes-Benz last week cutting its profit outlook. Western automakers have struggled to keep pace with lower-cost domestic rivals in China, which has led to reduced sales there and a rise in exports to Europe. Continue reading...

Directly affected

  • BMWYY BMW (ETR: BMW)

    Named in this report.

  • MBGYY Mercedes-Benz Group (ETR: MBG)

    Named in this report.

Indirectly affected

  • CARZ First Trust S-Network Future Vehicles & Technology ETF

    First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “car” (autos) in this story.

  • FXI iShares China Large-Cap ETF-2.2% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • EWG iShares MSCI Germany ETF-2.5% 13d

    iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“german”).

  • TSLA Tesla+7.1% 30d

    Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.

  • GM General Motors+7.5% 30d

    General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.

  • TM Toyota Motor+3.3% 18d

    Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.

  • F Ford Motor-3.3% 30d

    Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BMWYYNon-US listing (OTC); price checks may stay empty———————
MBGYYNon-US listing (OTC); price checks may stay empty———————
CARZ+1.00%+0.00%base+0.00%+0.00%-9.60%-6.96%
XLY-1.73%-1.67%base+4.27%+0.01%+0.19%+3.09%
FXI-2.21%-0.21%base+4.19%+5.15%+5.26%+4.37%
EWG-0.62%-0.38%base+3.41%+1.62%-1.11%+2.26%
TSLA+1.54%+0.40%base-3.06%-13.82%-10.04%-4.22%
GM-6.59%-1.05%base+4.64%+0.68%-2.43%+1.91%
TM+0.72%+1.38%base+3.23%+13.75%+11.90%+13.61%
F-2.85%-0.57%base+3.09%+1.26%+1.30%+2.07%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including si…

Source: The Guardian

This story

CompanyWhenMoveStatus
CARZthat day0.00%final price
CARZthe next day0.00%final price
CARZtwo days later-9.60%final price
CARZthree days later-6.96%final price
CARZthree days earlier0.00%final price
CARZfive days earlier+1.00%final price
EWGthat day+3.41%final price
EWGthe next day+1.62%final price
EWGtwo days later-1.11%final price
EWGthree days later+2.26%final price
EWGthree days earlier-0.38%final price
EWGfive days earlier-0.62%final price
Fthat day+3.09%final price
Fthe next day+1.26%final price
Ftwo days later+1.30%final price
Fthree days later+2.07%final price
Fthree days earlier-0.57%final price
Ffive days earlier-2.85%final price
FXIthat day+4.19%final price
FXIthe next day+5.15%final price
FXItwo days later+5.26%final price
FXIthree days later+4.37%final price
FXIthree days earlier-0.21%final price
FXIfive days earlier-2.21%final price
GMthat day+4.64%final price
GMthe next day+0.68%final price
GMtwo days later-2.43%final price
GMthree days later+1.91%final price
GMthree days earlier-1.05%final price
GMfive days earlier-6.59%final price
TMthat day+3.23%final price
TMthe next day+13.75%final price
TMtwo days later+11.90%final price
TMthree days later+13.61%final price
TMthree days earlier+1.38%final price
TMfive days earlier+0.72%final price
TSLAthat day-3.06%final price
TSLAthe next day-13.82%final price
TSLAtwo days later-10.04%final price
TSLAthree days later-4.22%final price
TSLAthree days earlier+0.40%final price
TSLAfive days earlier+1.54%final price
XLYthat day+4.27%final price
XLYthe next day+0.01%final price
XLYtwo days later+0.19%final price
XLYthree days later+3.09%final price
XLYthree days earlier-1.67%final price
XLYfive days earlier-1.73%final price

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This story

12 out of 100

“BMW warns on profits as it counts cost of plan for 8,000 job cuts” scores 12 out of 100. The score uses 1 sources.