(FILES) A logo of German automotive brand BMW is pictured on BMW dealership in Frankfurt am Main, western Germany, on November 4, 2025. Premium German carmaker BMW said on November 3, 2026 it was cutting its outlook for the second time this year due to one-off costs related to job cuts as well as a production ramp-up. The core profit margin at the cars business was now seen at between minus 0.5 percent to plus 0.5 percent for the year, BMW said, meaning it could make an operating loss in its key activity. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)