BMW Announces New Cost‑Cutting Plan After China Slump

BMW has unveiled a fresh cost‑cutting strategy following a sharp slowdown in its Chinese market, which has dented the company’s outlook. The plan comes just a month after Milan Nedeljkovic assumed the role of chief executive, succeeding Oliver Zipse in May. The move aims to preserve profitability and stabilize global operations. Analysts say tighter spending may help offset revenue pressures in key regions.