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BMW reports a significant drop in Q2 profits due to US tariffs and reduced sales in China.
BMW reported a 32% drop in second-quarter profits to €1.8 billion, with revenues falling 8% to €34 billion, due to US tariffs and a 14% sales drop in China.
Despite the setbacks, CFO Walter Mertl says the business model remains intact, and BMW forecasts slight growth in fully-electric vehicle sales for fiscal 2025.
The company anticipates tariffs will reduce profit margins by 1.25 percentage points this year.
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BMW informa de una caída significativa de los beneficios en el segundo trimestre debido a los aranceles estadounidenses y a la reducción de las ventas en China.