BMW does not see the need to negotiate a special deal with the United States to avoid import tariffs, its chief purchasing officer said, pointing to the carmaker's sizeable presence in the country and good relations with U.S. government officials.
BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the current U.S. import tariff, the German automaker's CEO Oliver Zipse said on Tuesday.
BMW expects its earnings before taxes in the fourth quarter to be significantly below last year and for its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the carmaker's website on Tuesday.
Der Autobauer BMW DE0005190003 hat das vergangene Jahr wohl in der schwächeren Hälfte der Prognose für die operative Marge im Autogeschäft abgeschlossen.
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court's website.
BMW Chief Executive Oliver Zipse will not extend his contract beyond the summer of next year, when it expires, Germany's manager magazin reported on Thursday, citing a source familiar with the matter.
Der Autobauer BMW DE0005190003 muss einem Pressebericht zufolge im kommenden Jahr den derzeitigen Vorstandschef Oliver Zipse aus Altersgründen ersetzen.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.