German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.

03 April 2023, Bavaria, Munich: The BMW logo is displayed on the hood of one of the brand's vehicles at BMW Welt. Photo: Peter Kneffel/dpa MUNICH, March 14 (Bernama-dpa) -- German luxury carmaker BMW ...

Berlin (AFP) – German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits ...

German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.

BMW's struggles mirror those of other major German carmakers. Volkswagen and Mercedes-Benz also reported profit declines in 2024, with Volkswagen's profit dropping 31% to €12.4 billion and ...