US EditionBMW Admits Tariffs And Sales Slump In China Are Hurting Profits
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6 Articles
Weak sales in China and customs problems burden BMW. The automaker is adjusting its profit forecast downwards and expects less cash inflow. Just a few hours earlier, the Group announced a sales increase after a long slump.
The automaker released a downgraded forecast just hours after announcing that it had increased global sales in the third quarter.
German luxury carmaker BMW has downgraded its forecast for this year. The company said on Tuesday that it no longer expects pre-tax profit to be at the same level as last year, but slightly below it, the DPA news agency reported. Is the German car industry on the brink of collapse? The downgrade partly reflects sales in China, which fell short of expectations in the third quarter. The group also said it had to provide financial support to its d…
BMW has lowered its expectations for this year. This is due to persistently weak sales in China and the cost of US import duties. In the Asian country, the German automaker is facing stiff competition from local carmakers, among other things.
Surprising turnaround at BMW: Only two hours after strong sales figures, the automaker warns against falling profits. Weak China business and delayed customs repayments burden the forecast.
BMW Admits Tariffs And Sales Slump In China Are Hurting Profits
With over 40 new or updated models launching by the end of 2027, the next few years will be among the busiest in BMW’s history. This rapid product rollout follows the company’s largest investment ever made. More than €10 billion has been poured into the Neue Klasse program over the past few years. BMW is now ready to reap the rewards of this massive undertaking, though it acknowledges that not everything is smooth sailing. Speaking with Automoti…
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