BMW, China
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's net profit crashed by over a third in 2024 to 7.68 billion euros ($8.32 billion), in line with an LSEG forecast, after ...
BMW anticipates a slight sales growth in 2025 but warns that earnings will remain flat due to ongoing challenges and rising ...
That kicks off this Friday edition of Critical Materials, our morning roundup of technology and industry news. Also on ...
German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe ...
The electric SUV is going through the last stages of development in South Africa, together with the closely-related sedan.
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 ...
Chinese electric vehicle (EV) maker Zeekr Intelligent Technology will unveil a luxury model next month, targeted at luring ...
BERLIN] BMW’s net profit slumped by over a third in 2024 to 7.68 billion euros (S$11.13billion), in line with market ...
FRANKFURT (Reuters) -German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while ...
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