BMW sees tariffs, China sales decline weighing on carmaking profit
The German manufacturer expects an automaking margin of between 5% and 7% this year, after the measure fell to 6.3% in 2024, the lowest in four years. BMW’s long-standing aim is to keep its carmaking returns above 8%. BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year.
BMW Net Profit Slumps as Weak China Sales, Brake Problems Plague Earnings
BERLIN (Reuters) - BMW's net profit crashed by over a third in 2024 to 7.68 billion euros ($8.32 billion), in line with an LSEG forecast, after a combination of weak sales in China and Germany as well as delivery hold-ups because of problems with a brake dented performance.
The German luxury carmaker said net profits tanked by more than a third last year, and warned that 2025 was also likely to be ...
Renowned automaker BMW has projected a whopping €1 billion hit to earnings for the year 2024. The company's CEO Oliver Zipse ...
This comes as BMW along with other European carmakers are bracing for impact from US President Donald Trump’s planned tariffs ...
BMW has been hyping its Neue Klasse family of electric vehicles for a while, but the first will finally be revealed this year, a compact crossover forming part of the X3 family. It is likely to be ...
BERLIN] BMW’s net profit slumped by over a third in 2024 to 7.68 billion euros (S$11.13billion), in line with market ...
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