According to a new report from CNBC, the makers of the Ultimate Driving Machine said that if the USMCA guidelines remain for tariff guidelines, its imports will be subject to levi

BMW's Chief Financial Officer said on Friday that the added tariffs on U.S. imports imposed up until March 12 would reduce its earnings margin in the autos segment by one percentage point, according to a copy of his speech seen in advance.

BMW chief executive Oliver Zipse said the company expected a €1 billion euro hit to its 2025 earnings from the newly imposed US tariffs and EU duties on its China-made electric vehicles. Its profits are expected lag well below its long-term targets this year.