(FILES) A logo of German automotive brand BMW is pictured on BMW car in Frankfurt am Main, western Germany, on May 5, 2026. German carmaker BMW on June 16, 2026 downgraded its 2026 financial targets due to economic turmoil from the Middle East war and worsening business in key market China. The group said in a statement it now expects a "significant" decrease in profit before tax, against a previous expectation for a moderate decrease, as well as a fall in vehicle deliveries and lower profit margins. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)