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BMW expects big hit from tariffs

BMW expects 1 billion euro hit to earnings from escalating tariffs

BMW said newly imposed trade tariffs could dent the carmaker's earnings by 1 billion euros ($1.09 billion) this year, as escalating trade tensions between China, Europe and the U.S. take a mounting toll on global companies' finances.

The Wall Street Journal on MSN · 52m

BMW Expects $1.1 Billion Earnings Hit From Tariffs This Year

The automaker expects earnings to remain flat this year while sales will grow only slightly as a result of global trade tensions and a demand shift in China.

Bloomberg L.P. · 5h

BMW Expects to Take €1 Billion Hit From Growing Tariff War

BMW AG expects escalating trade conflicts between the US, Europe and China to cost the carmaker about €1 billion ($1.1 billion) this year, Chief Executive Officer Oliver Zipse said.

The Financial Times · 5h

BMW warns of profit hit from tariffs

BMW has reported a 36 per cent fall in profits last year following weak demand in China and a global recall of cars and has warned it expects earnings will remain at a similar level this year because of new European and US tariffs.

AFP on MSN · 5h

BMW expects big hit from tariffs after 2024 profits plunge

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. US President Donald Trump's aggressive trade policy,

SHINE14d

Mercedes-Benz China responds to reports of layoffs

Mercedes-Benz China responded to the widely spread layoff rumblings today saying it is carrying out business adjustments ...

Electrek21h

Another luxury automaker is tapping into China’s EV tech goldmine

Mercedes-Benz is reportedly the latest luxury automaker that will use China’s EV smart tech. A Source with direct knowledge of the matter told Reuters that Mercedes-Benz will use Hesai’s lidar sensors ...

Zeekr set to take on BMW, Mercedes in China’s SUV segment, SCMP says

Chinese electric vehicle maker Zeekr (ZK) will unveil a luxury model next month, targeted at luring wealthy consumers away from premium foreign ...

20d

BMW sees no need for special deal to avoid US tariffs, executive says

BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany and Britain.

CarBuzz on MSN17d

An Even Bigger, More Luxurious Audi Is Coming Soon

Audi already has a large SUV in the form of the Q7, but when it comes to big luxury SUVs, the Q7 doesn't quite measure up. The Q7 comes in at 199 inches long - right at the elusiv ...

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