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BMW Faces Trade, Cost Headwinds of Over $1 Billion in 2019

  • Exchange rates, commodity prices to continue negative path
  • CFO Peter says hitting margin goal depends on ‘many factors’
BMW Courts Trump by Showing Off Revamped Made-in-America SUV
Photographer: Andrew Harrer/Bloomberg
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BMW AG expects headwinds from U.S. President Donald Trump’s trade war with China as well as higher commodity prices and foreign exchange swings to weigh on earnings next year by at least 1 billion euros ($1.1 billion).

In some of its first comments on expectations for 2019, the Munich-based carmaker laid out an array of hurdles that will drag down profit, while high-margin models will only boost performance toward the end of the year.