BMW says can weather tariff storm despite profit plunge

Frankfurt, Germany: German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insist...

Frankfurt, Germany: German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

Their optimism stands in contrast to domestic rivals Volkswagen and Mercedes-Benz, who cut their outlooks in the past week as they grapple with the fallout from US President Donald Trump's hardball trade policies.

Automakers have faced US import taxes of 27.5 percent since April, part of Trump's tariff blitz, although these are set to be cut to 15 percent from August under a deal between the United States and the EU.

"Our footprint in the US is helping us limit the impact of tariffs," BMW finance chief Walter Mertl said in a statement.

"We set ourselves apart in the automotive industry with our global footprint and our highly flexible operations. This strong strategic positioning... allows us to adapt swiftly to changing market conditions."