BMW says tariffs could deliver a $1 billion hit to earnings this year

BMW on Friday warned that new tariffs could cost it as much as 1 billion euros ($1.09 billion) this year, as tensions heat up between Europe, the U.S. and China. The German automaker expects earnings margins for its cars segment to be between 5% and 7% in 2025, after hitting 6.3% in 2024, its lowest …