That BMW article is from ZeroHedge I know, take it with a pinch of salt. https://www.zerohedge.com/news/2018-...rade-conflicts
BMW Shareholders are not impressed by what management calls a "moderate" drop in pretax profit expectations due to trade tensions and pricing pressure.
“The continuing international trade conflicts are aggravating the market situation and feeding uncertainty,” BMW said in a statement.
“These circumstances are distorting demand more than anticipated and leading to pricing pressure in several automotive markets.”
Specifically, BMW cut its overall 2018 pretax profit and automotive revenue and Ebit margin outlook.
The initial plunge was the biggest drop since Brexit (Summer 2016), but a modest bounce has pulled share 'off the lows'