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BMW expects big hit from tariffs

Reuters on MSN · 1d

BMW expects 1 billion euro hit to earnings from escalating tariffs

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 toll on global companies' finances.

Yahoo Finance · 1d

BMW expects $1 billion hit to earnings from escalating tariffs

STORY: BMW warned its earnings could take a more than $1 billion hit this year.The German carmaker blamed newly imposed tariffs.It comes as trade tensions escalate between China, Europe and the U.S.BMW forecast an earnings margin for its cars segment of 5-7% for the year.

MarketWatch · 1d

BMW Says U.S. Tariffs to Hit Auto Segment Profitability

BMW said U.S. tariffs imposed as of this week would hurt the luxury carmaker's profitability. Tariffs implemented from Wednesday will shave about 1 percentage point off the margin on earnings before interest and taxes in the auto division,

2don MSN

Germany’s biggest weapons contractor—now worth more than Volkswagen—could literally be moving onto carmaker’s turf

Rheinmetall is open to the prospect of buying up an unwanted Volkswagen site, the latest sign of a shift in Germany's ...

1d

Europe stocks close higher led by Germany's DAX after lawmakers reportedly agree spending boost

European markets were higher on Friday, with geopolitical developments, economic updates and corporate earnings in focus.

1d

BMW net profit dips on weaker China sales & delivery setback in Germany

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 ...

The Car Guide1d

BMW’s Next-Gen Electric SUV to Be Called iX3, Here’s When It’ll Debut

BMW this year will launch its new generation of EVs, known as Neue Klasse, starting with the production of an SUV based on ...

Anadolu Agency1d

European stocks close week with gains as Germany set to boost spending

Stoxx 600 up 1.15%, Germany's DAX rises 1.86%, Britain's FTSE 1.05%, and Italy's FTSE MIB 1.73% - Anadolu Ajansı ...

2don MSN

US tariffs could extend Germany's recession, says bank

Germany's central bank president says US tariffs and retaliation to them could tip Europe's largest economy into recession ...

1d

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 ...

The Economist9d

As Germany’s defence stocks go ballistic, armsmakers are tooling up

A surge of demand caused by the war in Ukraine has made defence firms stars among Germany’s listed companies. Their share ...

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