BMW Says Trade War Could Hit 2019 Results By Up To 500 Million Euros

www.oann.com | 10/2/2018 | Staff
FRANKFURT (Reuters) – German carmaker BMW expects a hit to earnings of up to half a billion euros ($579 million) next year if tariffs between the United States and China remain in place, Chief Financial Officer Nicolas Peter told Automobilwoche magazine.

Tariffs between the United States and China have knocked exports of sport-utility vehicles from its U.S. plant in Spartanburg, South Carolina, to China, resulting in a hit to earnings of just...
(Excerpt) Read more at: www.oann.com
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