Nicolas Peter said BMW was well positioned to cope with tariffs but hoped Beijing and Washington could avoid further levies.
BMW's CFO tells CNBC that the auto maker was well positioned to cope with tariffs but hoped Beijing and Washington can avoid further levies.A new BMW i3 electric car is seen on the assembly line at the BMW factory in Leipzig, Germany.The chief financial officer of German auto giant BMW has said that tension between China and the United States needs to improve in coming weeks or his company's profit margins will suffer.
Nicolas Peter told CNBC's Annette Weisbach at the Frankfurt Motor Show on Monday that his firm was "well balanced" to cope with trade tariffs but further measures threatened by Washington would have an impact. Data on Monday revealed that BMW Group's global deliveries rose 4.4% in August when compared to the same month last year. The company's total sales across 2019 to the end of August totals at 1,617,512 units — a 1.3% rise on 2018's comparable time scale.By the end of 2020, the BMW Group want "ten new or revised electrified vehicles on the market."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Singapore stocks offer 'good yield' despite trade war jittersThe U.S.-China trade war may be hurting Singapore's economy, but stocks in the city-state remain relatively attractive compared to the rest of Asia, analysts say.
Consulte Mais informação »
Everyone has forgotten about why Donald Trump can't win a trade war with ChinaOver the last few months it's been easy to forget what the US wants from its trade war with China, and that's made it easy to forget why it can't win.
Consulte Mais informação »
Chinese exports to the US tanked in August as Trump's trade-war tariffs hit demandChinese imports of American goods also dropped sharply, suggesting the trade war is hurting both countries.
Consulte Mais informação »
As China trade war escalates, 2020 U.S. Democrats scramble over their messageThe growing economic fallout from President Donald Trump’s drawn-out trade war w...
Consulte Mais informação »
China's trade with U.S. shrinks as tariff war worsensChina's trade with the United States is falling sharply as the two sides prepare for more negotiations with no sign of progress toward ending a worsening tariff war that threatens global economic growth.
Consulte Mais informação »