BMW forecasts continuing challenges in 2025 due to trade tensions and weak demand in China, revealing a 37% profit decline to 7.7 billion euros in 2024, with revenues decreasing over eight percent to 142.4 billion euros.

BMW, the renowned German luxury automaker, has cautioned about the impending obstacles posed by trade tensions and reduced demand in China as it faces ongoing challenges in 2025. The company reported a significant decline in profits for the previous year, highlighting an uncertain market environment. In 2024, BMW’s net profit dropped by 37 percent, amounting to 7.7 billion euros (approximately $8.3 billion), alongside an over eight percent reduction in revenues, which totaled 142.4 billion euros.

In summary, BMW is grappling with substantial challenges influenced by tariffs and weakening demand in China, reflecting a broader trend affecting the luxury automotive market. The reported decline in net profit and revenue for 2024 underscores the need for strategic adjustments as the company prepares for future uncertainties in 2025.

Original Source: www.djournal.com

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