Reported 2 days ago
BMW has upheld its full-year earnings guidance despite a significant drop in quarterly profits due to U.S. tariffs, arguing that its strong manufacturing presence in the U.S. mitigates some effects. While competitors like Volkswagen and Mercedes-Benz have revised their forecasts downwards, BMW expects to match its previous year's earnings, citing a 5.0 to 7.0% EBIT margin target. CEO Oliver Zipse expressed optimism about a recent tariff agreement between the EU and the U.S., although concerns remain about the overall impact of tariffs on their operations.
Source: YAHOO