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 ...
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 ...
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 ...
BMW Brilliance Automotive Ltd., BMW's China joint venture in Shenyang, is the first joint-venture automaker in China to establish an EV battery center and a closed-loop recycling system for ...
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