German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while European ...
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 ...
Speaking on the media call, Chief Financial Officer Walter Mertl said that should the U.S. increase the tariff on imported cars from the EU to 10% from the current 2.5%, it would hit the margin by a ...
New tariffs could cost BMW upwards of a billion dollars. On Friday, the last of Europe’s big automakers to report results became the first to quantify the impact of higher import duties on its ...
BMW expects trade tariffs to cost the carmaker 1 billion euros ($1.09 billion) this year, its CEO said on Friday, factoring ...
BMW forecast on Friday profit margins for its automotive business this year below analysts' expectations, factoring in the ...
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