News
BMW Had A Steep Decline In Profits, But Not As Much As Its German Rivals
BMW’s profits fell sharply in the first six months of this year. It was hit by US import tariffs and underperformed in China, partly due to fierce competition from local car manufacturers.
BMW’s profit decline was notably less severe than that of its German competitors. In contrast, Volkswagen and Audi faced profit decreases exceeding one-third, while Mercedes-Benz suffered a staggering drop of more than half.
The German automaker’s net profit in the first half of the year was just over €4 billion, down 29 percent compared to the same period a year earlier. Revenue was approximately €67.7 billion, down 8 percent from the previous year. The car company delivered 1.2 million vehicles.
BMW has not disclosed the specific cost of US import tariffs for the first half of the year. However, the company is anticipating a decline in profit margins this year as a direct consequence of these tariffs.
-
News1 week agoThe Tesla Roadster Has A Factory At Last, But There Is Still No Official Release Date
-
News7 days agoLagos Police Arrest Notorious Car Snatchers, Recovers 3 Stolen Toyota Camrys, 2 Corollas (Photos)
-
News6 days agoNext-Gen Mitsubishi Pajero To Debut Later This Year
-
News7 days agoFerrari CEO Defends The Design, $640,000 Price Tag Of ‘Luce’ Electric Car, Says Customer Interest Is Strong
-
Celebrities Auto1 week agoKing of Morocco Pulls Up For Eid Prayers In His Open-top Vintage Mercedes-Benz 600 Pullman Landaulet
-
News4 days agoVision BMW Alpina, Lamborghini Fenomeno Roadster, Ferrari Luce, Mercedes-AMG GT 4-Door Coupé, News In May
-
News5 days agoAll-new 2027 Rezvani Fortress Is A $285,000 Off-road Super Truck With Body Armor, Run-flat Tyres
-
Latest Cars1 week agoRam’s New “Muscle Trucks” Lineup Includes 777-hp 1500 Rumble Bee SRT Dubbed The Fastest Production Truck