US EditionBMW warns of profit hit from tariffs
- BMW reported a net profit decrease of 37 percent to 7.7 billion euros for 2024, alongside an eight percent revenue drop to 142.4 billion euros.
- The company warned of ongoing challenges in 2025 due to trade tensions and weak demand in China, where vehicle deliveries decreased by 13.4 percent.
- US President Donald Trump has threatened a 25-percent duty on the European Union, which could affect European automakers including BMW.
- In 2025, BMW expects earnings to remain at the same low level as in 2024, highly influenced by changing trade policies.
96 Articles
96 Articles
BMW Says Tariffs Will Cost Firm More Than $1 Billion
BMW said on Friday that it expected tariffs to hit the company to the tune of €1 billion ($1.09 billion) this year as Brussels and Washington continue to fall out over trade. The Bavarian carmaker is squarely in the firing line of the escalating transatlantic trade spat. BMW CEO Oliver Zipse said the company expected the loss to its 2025 earnings from the newly imposed U.S. tariffs and European Union duties on its China-made electric vehicles. “…
BMW expects big hit from tariffs after 2024 profits plunge
Berlin, Germany — German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024. Finance chief Walter Mertl said at the presentation of BMW’s annual results that US tariffs on steel […]...Keep on reading: BMW expects big hit from tariffs after 2024 profits plunge
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