BMW Forecasts 1% Margin Hit from U.S. Tariffs

Image Credit: Reuters

BMW's Chief Financial Officer stated on Friday that the additional tariffs on U.S. imports, effective until March 12, would lower the company's earnings margin in the automotive sector by one percentage point.

However, he expressed confidence in strong market performance in the United States, citing a "robust economic situation," during his speech after the release of the annual results.

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author