{"id":45874,"date":"2025-03-14T04:06:32","date_gmt":"2025-03-14T08:06:32","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/bmw-profits-take-big-hit-down-37-in-2024\/14\/03\/2025\/"},"modified":"2025-03-14T04:06:32","modified_gmt":"2025-03-14T08:06:32","slug":"bmw-profits-take-big-hit-down-37-in-2024","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/bmw-profits-take-big-hit-down-37-in-2024\/14\/03\/2025\/","title":{"rendered":"BMW profits take big hit, down 37% in 2024"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<div class=\"atoms-wrapper\">\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-g633g8 loader\" style=\"--max-height: 507px;\">\n<div class=\"image-wrapper yf-g633g8\" style=\"--aspect-ratio: 800 \/ 507; --img-max-width: 800px;\"><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->The BMW logo can be seen on a sign at the headquarters building of the vehicle manufacturer in Munich. Sven Hoppe\/dpa<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->German luxury carmaker BMW posted a steep drop in profit last year due to weakening sales in China and technical problems with braking systems.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The company on Friday reported \u20ac7.7 billion ($8.6 billion) in after-tax profit, a 37% decline from the previous year.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Revenues also saw a significant setback, falling 8.4% to \u20ac142 billion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->This marked the second consecutive year of sharp profit declines for the Munich-based company.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->In addition to weakening sales in China, BMW faced technical issues with braking systems purchased from its German supplier Continental.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->However, BMW expects demand to increase in the current year. While the situation remains challenging and recent US tariff increases add pressure, the company anticipates the pre-tax result to be roughly in line with the 2024 level.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->BMW&#8217;s struggles mirror those of other major German carmakers. Volkswagen and Mercedes-Benz also reported profit declines in 2024, with Volkswagen&#8217;s profit dropping 31% to \u20ac12.4 billion and Mercedes-Benz&#8217;s falling 28% to \u20ac10.4 billion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Like BMW, both companies are grappling with the tough market conditions in China.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/bmw-profits-big-hit-down-072115206.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BMW logo can be seen on a sign at the headquarters building of the vehicle manufacturer in Munich. Sven Hoppe\/dpa German<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/bmw-profits-take-big-hit-down-37-in-2024\/14\/03\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":45875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"fifu_image_url":"https:\/\/media.zenfs.com\/en\/dpa_international_526\/e4d417ca5a127c67ae53026d303b1367","_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/45874"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=45874"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/45874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/45875"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=45874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=45874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=45874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}