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 Expects Flat Earnings This Year as Headwinds Continue — 2nd 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 ...