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International Business Times

Business

BMW Warns On Tariffs, China As 2024 Profits Plunge

BMW China Munich

BMW joins other German automakers in reporting sharply lower profits amid a choppy transition to electric vehicles and slowing demand in key market China (Credit: AFP)

German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year.

For 2024, the group's net profit fell 37 percent to 7.7 billion euros ($8.3 billion) while revenues were down over eight percent to 142.4 billion euros.

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