BMW reported a significant 11.5% drop in operating profit to €10.2 billion, its weakest performance since the Covid pandemic, primarily due to tariffs and a sharp sales decline in China.Global deliveries saw a slight increase, driven by Europe and the US, but China's market contracted over 12% amid intense competition, while electrified vehicles constituted 26% of sales.CEO
Oliver Zipse is handing over to
Milan Nedeljković, who faces ongoing challenges including potential restructuring, despite
BMW being relatively well-positioned compared to rivals like
Volkswagen and
Mercedes.