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BMW Sees Auto Margin at Low End of Guidance
BMW Sees Auto Margin at Low End of Guidance on Weak Sales
BMW AG said its 2024 automaking profit margin will be at the lower end of guidance after sales of its premium cars fell.
BMW expects full-year earnings margin in lower half of 6-7% target
BMW expects its fourth-quarter pre-tax earnings to be significantly below last year and its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the carmaker's website on Tuesday.
BMW's 2024 profit margin to hit lower end of guidance due to premium car sales drop
AG, has stated that the profit margin for its automaking segment in 2024 will likely be at the lower end of its previously forecasted 6-7% range. This adjustment is due to declining sales of the company's premium vehicles.
Tesla, BMW Sue EU
Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
Tesla, BMW challenge EU tariffs on China-made EVs
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
Tesla, BMW sue EU after China-made EVs hit by tariffs
BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”
6h
'Europe's car manufacturers, often pioneers in China, now understand they will have to make room'
COLUMN. BMW has joined its rivals in challenging the EU's antidumping taxes on Chinese carmakers. The Volkswagen/Audi group, ...
4h
BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5%
BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the ...
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