BMW sees earnings hit from US tariffs
BMW foresees earnings hit as Europe counts the early cost of tariffs
FRANKFURT (Reuters) -German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while European officials warned the U.S. economy would be the biggest loser if President Donald Trump pursues an "idiotic" trade war.
BMW signals €1bn tariff hit on 2025 earnings
BMW chief executive Oliver Zipse said the company expected a €1 billion euro hit to its 2025 earnings from the newly imposed US tariffs and EU duties on its China-made electric vehicles. Its profits are expected lag well below its long-term targets this year.
that will continue," said the BMW executive. In Europe, where energy and labor costs far outweigh those in China and the U.S., carmakers including Mercedes-Benz and the VW passenger car brand are ...
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