German car manufacturer BMW’s wife fell 26.4% in the first quarter of 2025 compared to the same period last year. Reporting this Le Figaro.
The main reason for the deterioration of BMW indicators was the decline in sales in China, the main market of German automatic concern. The company is also concerned about US duties that may adversely affect its positions in this country.
According to Le Figaro’s material, before the current BMW stagnation, it showed a record profit for three consecutive years. However, the situation has changed: Reduction of demand, growth in costs (primarily on energy) and the increase in competition with Chinese manufacturers who actively strengthen their positions in the electric vehicle market reached the company’s financial consequences.
Similar problems were also recognized by Volkswagen and Mercedes, who associated the deterioration of their indicators with the decline in China.
Shortly ago, it was known that European automobile giants knew crooked With serious challenges, including a rapid decline in profit, mass reduction of personnel and suspension of the work of factories.
Earlier Europe Reputed A serious crisis of your auto industry.
What are you thinking?
Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.