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BMW expects 1 billion euro hit to earnings

The Wall Street Journal on MSN · 21m

BMW Expects Flat Earnings This Year as Headwinds Continue

BMW expects to report slight sales growth this year but said earnings would remain flat as it faces headwinds from continuing challenges in China and costs related to tariffs.European automakers are contending with a demand shift in China as consumers in the world’s largest car market move toward local brands that are offering deep discounts,

Reuters on MSN · 3h

BMW expects 1 billion euro hit to earnings as tariff war escalates

BMW expects trade tariffs to cost the carmaker 1 billion euros ($1.09 billion) this year, its CEO said on Friday, factoring in EU duties on its China-made EV and newly imposed U.S. tariffs which are upending global trade.

NewsBytes · 49m

BMW warns of €1B loss due to escalating trade tariffs

Renowned automaker BMW has projected a whopping €1 billion hit to earnings for the year 2024. The company's CEO Oliver Zipse blamed the forecast on rising trade tariffs, including EU duties on its China-manufactured electric vehicles (EVs) and newly imposed US tariffs.

BMW Will Cover the Tariff Costs for Cars Built in Mexico

U.S. News Money · 1d

BMW to Absorb Tariff Costs on Some Mexican-Built Models

BMW said it had certain Mexican-built models that would be subject to tariffs, the 3 Series sedan and 2 Series coupe, including its M2 performance version, and it would "price protect" these vehicles until May 1, WSJ said. Copyright 2025 Thomson Reuters.

Reuters on MSN · 1d

BMW to absorb tariff costs on Mexican-built 3 Series sedans, WSJ reports

(Reuters) -German automaker BMW is telling dealers in the U.S. it will absorb the added cost of new tariffs on its imports from Mexico, at least for the next several weeks, the Wall Street Journal reported on Wednesday.

Car and Driver on MSN · 15h

BMW Will Cover the Tariff Costs for Cars Built in Mexico Through May 1

BMW plans to absorb the cost of Trump's tariffs on the M2, 2-series coupe, and 3-series sedan—but only for a short time.

1hon MSN

BMW foresees earnings hit as Europe counts the early cost of tariffs

German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while European officials warned ...

6h

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 ...

16h

Volkswagen and BMW navigate tariffs, ready back-up plans amid trade policy changes

The American auto industry is working out how to adjust supply chains if the trade war continues, a potentially expensive ...

5hon MSN

BMW says U.S. tariffs to dent autos earning margin by one percentage point

BMW's Chief Financial Officer said on Friday that the added tariffs on U.S. imports imposed up until March 12 would reduce ...

Motor Authority2h

BMW iX3, first Neue Klasse EV, set for 2025 Munich auto show

Comment Now! BMW's first Neue Klasse EV will be a compact crossover in the X3 family, badged as the iX3; Production starts in ...

1d

Want a brand new BMW? Either pay £52k or tell the DWP about your mental health

If you want a brand new BMW i4 M Sport, you have two choices. The first is to lay out the full £52,770. The second is to tell ...

6don MSN

Man held over death of girl on sports pitch released from custody

Poppy Atkinson was fatally struck by a BMW i4 electric car at Kendal Rugby Club in Cumbria on Wednesday afternoon. The ...

Evening Standard on MSN5d

Youth football teams hold minute’s silence for 10-year-old Poppy Atkinson

Poppy Atkinson, 10, was fatally struck by a BMW i4 electric car at a football training session in Cumbria on Wednesday ...

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