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Wuhan, China – May 25: (China Out) Participants wear protective masks when they look around BMW IX3 during 2023 Central Chinese International Motor Show on May 25, 2023 in Ears, Hubei, China. More than 80 brands took part in the Central Chinese International Motor Show, which began on Thursday. According to local reports, more than 40 electric vehicles participated in the exhibition. (Photo Getty Images)
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Bmw“Net income decreased by more than the third in 2024, denoting” prolonged demand in the Chinese market “.
Pure profit for the year decreased by 36.9% to 7.68 billion euros (8.32 billion dollars). According to Reuters, the print corresponded to the LSEG forecast.
On Friday, shares were traded 2% below at 8:57.
The car manufacturer said it expects profitability for cars from about 5% to 7% in 2025, compared to 6.3% reached last year, but noted that the tariff implementation has a negative impact on the profit next year.
“The complex competitive environment and macroeconomic, trade and geopolitical developments can have a significant impact on business efficiency,” the company said.
The company’s forecasts make up all tariffs imposed by March 12, including the imports of steel in the US and aluminum, as well as tariffs by 20% when imports from China and 25% when imports from Canada and Mexico.
BMW Chief Financial Director said the added tariffs for US import tariffs until this date reduces AUTO’s profit profit, Reuters reports, citing a copy of the speech, which should come with investors later on Friday.
The carmaker said he expects a constant “difficult situation in China” as well as calling tariff hiking and “constant support for supply chain” as a wind this year.
Last year, BMW deliveries amounted to about 2.45 million units, which decreased slightly compared to 2.55 million 2023. The company largely explained the reduction of the delivery stops associated with the faulty brake system, which is supplied by Contintental, which last year pushed the manufacturer to the manufacturer to delivery to delivery related to a malfunction system, which last year pushed the car to the manufacturer to the manufacturer to delivery to the delivery system last year. The car is up to the manufacturer to the delivery to shipping to push the manufacturer to shipping to push the manufacturer to the production to delivery lower Its full forecast.
On Friday, BMW CEO Oliver Zips told “Squawk Box Europe” that tariffs may have been good tools decades ago when the world markets were not as interrelated as it is today, but it criticized their use in today’s world.
“Everything is related to everything (today), the world will see very quickly that it may not be the most reasonable way of enhancing your competitiveness,” he said. “There (there are) strong signs at the same time that there is a future for free trade. In the next 12 – 18 months, we will see a shift towards tariffs, I am almost sure.”
