Berliner Boersenzeitung - BMW upbeat on riding out US tariff chaos

EUR -
AED 4.124524
AFN 78.824439
ALL 97.637394
AMD 433.682605
ANG 2.009701
AOA 1029.735921
ARS 1278.506563
AUD 1.740882
AWG 2.024099
AZN 1.916975
BAM 1.947509
BBD 2.267547
BDT 136.449127
BGN 1.953348
BHD 0.423411
BIF 3341.977143
BMD 1.12294
BND 1.45306
BOB 7.777066
BRL 6.340003
BSD 1.123119
BTN 95.897757
BWP 15.196967
BYN 3.675354
BYR 22009.615595
BZD 2.255896
CAD 1.567865
CDF 3223.959222
CHF 0.937727
CLF 0.027535
CLP 1056.686228
CNY 8.095831
CNH 8.102745
COP 4684.903891
CRC 568.280791
CUC 1.12294
CUP 29.757899
CVE 109.797584
CZK 24.876493
DJF 199.569046
DKK 7.459519
DOP 66.178275
DZD 149.396678
EGP 56.200317
ERN 16.844094
ETB 151.245371
FJD 2.542392
FKP 0.845882
GBP 0.841284
GEL 3.077198
GGP 0.845882
GHS 13.814621
GIP 0.845882
GMD 81.415882
GNF 9725.597481
GTQ 8.62329
GYD 234.967053
HKD 8.78324
HNL 29.222597
HRK 7.534253
HTG 146.954405
HUF 401.958456
IDR 18465.95519
ILS 3.976498
IMP 0.845882
INR 95.901117
IQD 1471.236846
IRR 47289.797012
ISK 145.880971
JEP 0.845882
JMD 178.968121
JOD 0.796184
JPY 162.862732
KES 145.106559
KGS 98.201154
KHR 4501.935187
KMF 495.780805
KPW 1010.645614
KRW 1561.273444
KWD 0.345102
KYD 0.935895
KZT 573.598154
LAK 24287.364061
LBP 100629.254843
LKR 336.806194
LRD 224.620775
LSL 20.280266
LTL 3.315748
LVL 0.679255
LYD 6.196621
MAD 10.372444
MDL 19.574235
MGA 5053.643813
MKD 61.55142
MMK 2357.827111
MNT 4013.363114
MOP 9.047168
MRU 44.50255
MUR 51.90237
MVR 17.360528
MWK 1947.470188
MXN 21.733151
MYR 4.818547
MZN 71.759848
NAD 20.280266
NGN 1799.083842
NIO 41.324081
NOK 11.585805
NPR 153.436809
NZD 1.89701
OMR 0.432314
PAB 1.123054
PEN 4.140474
PGK 4.668127
PHP 62.664537
PKR 317.323134
PLN 4.246789
PYG 8970.810659
QAR 4.093474
RON 5.03885
RSD 116.743017
RUB 90.676594
RWF 1608.303473
SAR 4.212024
SBD 9.365797
SCR 16.283384
SDG 674.327323
SEK 10.890167
SGD 1.454403
SHP 0.882454
SLE 25.492158
SLL 23547.481578
SOS 641.887449
SRD 40.929462
STD 23242.581917
SVC 9.827165
SYP 14600.305154
SZL 20.274689
THB 37.199554
TJS 11.596096
TMT 3.935903
TND 3.38021
TOP 2.630036
TRY 43.617782
TTD 7.623546
TWD 33.853825
TZS 3015.092782
UAH 46.73873
UGX 4107.514038
USD 1.12294
UYU 46.850554
UZS 14507.241702
VES 105.787898
VND 29140.843342
VUV 136.012747
WST 3.120115
XAF 653.196657
XAG 0.034735
XAU 0.000348
XCD 3.034801
XDR 0.818998
XOF 653.176384
XPF 119.331742
YER 274.11014
ZAR 20.310722
ZMK 10107.804508
ZMW 30.298343
ZWL 361.586084
  • RBGPF

    1.5000

    64.5

    +2.33%

  • RYCEF

    0.2100

    10.91

    +1.92%

  • NGG

    1.1500

    72.43

    +1.59%

  • CMSC

    0.1100

    22.16

    +0.5%

  • SCS

    -0.1500

    10.35

    -1.45%

  • BTI

    0.9400

    43.58

    +2.16%

  • CMSD

    0.1090

    22.169

    +0.49%

  • GSK

    0.3200

    37.96

    +0.84%

  • BP

    -0.3600

    29.4

    -1.22%

  • RIO

    -0.2500

    62.39

    -0.4%

  • RELX

    0.4600

    55.03

    +0.84%

  • VOD

    0.1900

    9.64

    +1.97%

  • JRI

    -0.1100

    12.79

    -0.86%

  • BCC

    -0.7200

    91.19

    -0.79%

  • AZN

    0.8800

    69.69

    +1.26%

  • BCE

    0.0100

    21.57

    +0.05%

BMW upbeat on riding out US tariff chaos
BMW upbeat on riding out US tariff chaos / Photo: ANDER GILLENEA - AFP/File

BMW upbeat on riding out US tariff chaos

German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact.

Text size:

CEO Oliver Zipse told reporters on a call that BMW was lobbying hard for free trade and expected some success thanks to its worldwide footprint.

"We are advocating this at various political levels in our markets," he said. "People listen to us attentively and our arguments are well received."

Zipse added that he expected tariffs imposed by US President Donald Trump on Canada and Mexico to eventually be rolled back.

"We assume that the North American free trade zone will be restored because these countries are far too interdependent," he said. "The costs for everyone are far too large."

Trump has threatened and imposed a range of tariffs in a bid to boost American manufacturing, including a 25 percent levy on many car imports in effect since April.

But he has also proven flexible, pausing previously-announced punitive tariffs and adding some carveouts to the car duties.

BMW has its largest site in South Carolina in the United States and the plant last year exported vehicles worth over $10 billion (8.8 billion euros).

The company stuck with its guidance for the year and expects earnings before taxes (EBT) for 2025 to be level with that of 2024, driven by demand for its pricier motors.

In a statement, BMW said it expects "some of the tariff increases to be temporary, with reductions from July 2025."

BMW's guidance only takes into account tariffs in effect up to March 12. About half of its US sales are imports from Europe, Mexico and South Africa.

For the first quarter, BMW reported net profit of 2.17 billion euros and earnings before taxes of 3.11 billion euros. EBT beat expectations of 2.85 billion euros forecast in a company poll of analysts.

Those figures nevertheless fell by about 25 percent on the previous year, with BMW struggling in key market China in the face of local rivals such as BYD.

BMW also took a hit in the "low three-digit million euro range" in the first quarter as a result of tariffs imposed on Chinese electric vehicles by the EU in October, it said.

The company makes electric cars under its Mini brand in the country. The company's shares were up 3.5 percent in Frankfurt after the results were released.

(H.Schneide--BBZ)