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US President Donald Trump signed a proclamation to implement a 25% tariff on auto imports. The proclamation specified automobile tariffs would be collected starting at 12:01 a.m.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
US President Trump has signed an order imposing 25% tariff on auto imports, setting the stage for an even broader push on levies next week. But he's also teased lowering tariffs on China if Beijing signs off on a deal that would keep TikTok from being banned in the US.
Here is how Bayerische Motoren Werke AG (BAMXF) and Michelin (MGDDY) have performed compared to their sector so far this year.
Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group , as well as rivals from China, data by research platform JATO Dynamics showed on Monday.
BMW Group is teaming up with China's Huawei (HWT.UL) to develop smart applications based on the Harmony operating system for drivers of its vehicles using the tech conglomerate's devices in China, the German automaker said on Monday.
Oliver Zipse, CEO of BMW, discusses the company's full-year results, the European automotive industry and tariffs.
BMW is getting crushed in China as rivals like BYD squeeze out foreign carmakers. The German giant is fighting to turn things around, but now has a brewing trade war to contend with.
German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while European officials warned the U.S. economy would be the biggest loser if President Donald Trump pursues an "idiotic" trade war.
BMW Chief Executive Officer Oliver Zipse discusses the company's performance in 2024 and plans for 2025. In an interview with Bloomberg's Oliver Crook, Zipse discusses BMW's presence in North America, the potential impact of US tariffs, as well as the company's market share in China.