AsianFin -- BMW's net profit plunged by more than a third in 2024, dropping to 7.68 billion euros ($8.32 billion), in line with an LSEG forecast. The decline was driven by weak sales in China and Germany, as well as delivery delays caused by brake-related problems, which significantly impacted the company's performance.
On Friday, the luxury carmaker projected its automotive earnings margin for 2025 to range between 5% and 7%, representing only a slight improvement from last year's 6.3%. BMW cited escalating trade tensions and persistent intense competition in China as key challenges moving forward.
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