German automaker BMW Group's financial report for the first half of 2026 released on the 30th shows that due to multiple factors, the Group's operating profit for the first half of the year fell by nearly 40% year on year, and car deliveries for the whole year are expected to drop compared to the previous year. Financial reports show that in the first half of this year, BMW Group's operating profit was 3.64 billion euros, down 37.4% year on year; net profit was 2.87 billion euros, down 28.5% year on year; and revenue was 62.27 billion euros, down 8% year on year. In addition, car deliveries also fell to 1.157 million units. BMW Group Chairman Milan Nedliković said that over the past year, a combination of factors has made the company's business environment more severe, including the adverse effects of high tariffs, trade barriers and exchange rate fluctuations, increasing regulatory requirements in Europe, ongoing conflicts in the Middle East region, and increased competition in the global market. Financial reports show that the operating profit margin of the automobile business fell to 2.3% for the quarter from 5.4% in the same period last year. Nedlikovic said that the automotive industry is undergoing profound changes. In order to meet current challenges and ensure long-term competitiveness, the company is promoting cost reduction plans by streamlining the organizational structure. BMW announced a few days ago that it plans to cut about 8,000 jobs worldwide from October this year until the end of 2027. More than half of these jobs are expected to be in mainland Germany. According to data from the company's website, by the end of 2025, the company had about 154,500 employees worldwide, including more than 80,000 German employees.

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