BMW CEO: Cost reduction measures will achieve a continuous reduction in overall fixed costs starting in 2027. The performance figures for the first and second quarters were unsatisfactory. We're re-evaluating what technologies, model variants, and powertrains will be needed in the future. The plan is to restore the EBIT margin range of 8% to 10% at the beginning of next decade. The core profit margin for the second quarter was 2.3%, which included 1.25 percent of the tariff burden and 1.2 percent from the consolidation of business in China. The profit margin for the automobile business is expected to be 1% to 3% for the whole year, including the 1.25 percentage point burden caused by labor restructuring.

BMW CEO: Cost reduction measures will achieve a continuous reduction in overall fixed costs starting in 2027. The performance figures for the first and second quarters were unsatisfactory. We're re-evaluating what technologies, model variants, and powertrains will be needed in the future. The plan is to restore the EBIT margin range of 8% to 10% at the beginning of next decade. The core profit margin for the second quarter was 2.3%, which included 1.25 percent of the tariff burden and 1.2 percent from the consolidation of business in China. The profit margin for the automobile business is expected to be 1% to 3% for the whole year, including the 1.25 percentage point burden caused by labor restructuring.