BMW sees earnings hit from US tariffs as EU warns against escalation
German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while European ...
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 ...
BMW Warns Of $1 Billion Hit From Tariffs, Slashes Outlook Due To Supply Woes
BMW reports 2024 revenue decline of 8.4%. Automotive revenue down 5.6%, motorcycle revenue up 0.2%. Net profit decreases, trade war and tariffs impact.
BMW Expects $1.1 Billion Earnings Hit From Tariffs This Year — 3rd Update
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 ...
BMW Is Bracing for $1 Billion-Plus of Tariff Pain
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 ...