Following the profit warning from Daimler, BMW is sticking to the outlook for the current year.
The business outlook of the company is unchanged, as the Munich premium manufacturer announced. In view of the discussion about additional tariffs in world trade, BMW continues to evaluate different scenarios and possible strategic options. The forecasts for 2018 assume that the global economic and political conditions will “not change significantly”.
Daimler had announced a profit warning on Wednesday due to higher Chinese import duties on vehicles manufactured in the US surprisingly. Due to import tariffs, the Group’s SUV sales in the important Chinese market are likely to decline. In addition to the trade dispute, the diesel scandal and the new WLTP exhaust and consumption test process are taking their toll on the Stuttgart-based company.