Sluggish China sales and trade tariffs increase headwind for BMW
March 17, 2025
Releasing its 2024 financial results, BMW’s net profit plummeted by over a third last year. The German automaker warns of continued headwinds from trade tariffs and sluggish demand in China. The Bavarian company reported a 36.9% drop in net profit to €7.68 billion ($8.32 billion), in line with market expectations and German competitors. However, geopolitical […]