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Fortune

Ryan Hogg

BMW boss says Trump tariffs may acttually give carmaker 'an advantage'

BMW Oliver Zipse Donald Trump European Union Europe United States Porsche Volkswagen

Oliver Zipse, chief executive officer of BMW AG, at the Paris Automotive Summit during the Paris Motor Show in Paris, France, on Tuesday, Oct. 15, 2024. (Credit: Nathan Laine/Bloomberg via Getty Images)

The bosses of Europe’s biggest carmakers will likely be sweating at the prospect of what a stunning Donald Trump election victory could mean for their already troubled sector. But for BMW, at least, the prospect of more trade wars may actually be a good thing.

Oliver Zipse, the CEO of BMW, sought to play down concerns about what a Trump presidency could mean for the automaker amid expectations that his administration would unleash wide-ranging tariffs on imports from Europe.

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