BMW Warns Of $1 Billion Hit From Tariffs, Slashes Outlook Due To Supply Woes

On Friday, luxury carmaker BMW, Bayerische Motoren Werke AG ADR (OTC:BMWYY), posted a 2024 revenue decline of 8.4% to 142.38 billion euros.

The carmaker is grappling with an escalating trade war between the U.S. and the EU as President Donald Trump threatens higher tariffs on Europe’s car imports from April 2.

Here’s a breakdown of the report.

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Automotive revenue declined 5.6% to 124.92 billion euros.

Motorcycle revenue grew by 0.2% to 3.22 ...