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 profits slumped by more than a third in 2024 as weaker demand in China and Germany weighed on the high-end car ...
BMW Group has established an R&D center in China, the largest one outside Germany. It has also set up innovation hubs in Beijing, Shanghai, Shenyang, and Nanjing, covering key technology areas such as ...
The facelifted BMW X3 has just launched in China, but the local model is a little different than those sold in other markets. That’s because many Chinese buyers prioritize rear legroom ...
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