#autos

BMW (BMW.DE) fell about 8% after cutting its 2026 automotive EBIT margin outlook to 1-3% from 4-6%. The company cited a deeper China slowdown, Middle East conflict costs and a second-half restructuring charge.

$STLA fell as much as 10% even after Stellantis reported €38.1 billion of Q1 net revenue, €960 million of adjusted operating income, and a return to net profit.

General Motors $GM raised 2026 EBIT-adjusted guidance to $13.5B-$15.5B after first-quarter EBIT-adjusted rose 21.9% to $4.253B. A favorable tariff adjustment of about $500M lowered expected 2026 gross tariff costs to $2.5B-$3.5B.