BMW Group: US tariffs put pressure on company profits.

German car manufacturer BMW Group announced its financial report on November 5th, showing that the additional tariffs imposed by the United States have put significant pressure on the company's profits. Walter Merter, a member of the BMW Group's board of directors, stated that the U.S. tariffs had already caused the pre-tax profit margin of the BMW automotive business to decline by 1.75 percentage points in the third quarter, and it is expected to result in a total decline of 1.5 percentage points for the full year. According to the financial report, the BMW Group's pre-tax profit for the first 9 months of this year was 8.06 billion euros, a decrease of 16.2% compared to the same period last year; operating income decreased by 5.6% year-on-year to about 100 billion euros; net profit decreased by 6.8% year-on-year to 5.7 billion euros. Merter also stated that the tariff factors will drag down cash flow performance, with the group's full-year free cash flow forecast revised down from over 5 billion euros to over 2.5 billion euros.