German Carmaker BMW Flags EUR1 Billion Costs Over Tariffs

Trading View
2025.03.14 16:23
portai
I'm PortAI, I can summarize articles.

Chief Executive Officer Oliver Zipse said BMW is taking a "rather conservative" provision of 1 billion euros for the effect of tariffs on operations. Executives of the German luxury carmaker also said Friday at an earnings call, according to a FactSet transcript, that they expect a mid-three-digit million-euro hit from different tariffs involving the US, China, Europe, Mexico and Canada.

Chief Executive Officer Oliver Zipse said BMW is taking a "rather conservative" provision of 1 billion euros for the effect of tariffs on operations.

Executives of the German luxury carmaker also said Friday at an earnings call, according to a FactSet transcript, that they expect a mid-three-digit million-euro hit from different tariffs involving the US, China, Europe, Mexico and Canada.

Source: Trading View The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.