BMW Reports 37% Profit Decline Amid Industry Challenges
Despite a sharp downturn in earnings, BMW remains optimistic about future demand while navigating global market pressures and evolving industry dynamics.
- BMW's 2024 net profit fell to €7.7 billion, a 37% drop from the previous year, marking the second consecutive year of steep declines.
- Revenue decreased by 8.4% to €142 billion, driven by weaker sales in China and supply chain issues, including brake component problems sourced from Continental.
- The global automotive industry faces disruptions from strained supply chains, rising material costs, and uncertainties in international trade policies, including U.S. tariff increases.
- BMW's electric vehicle sales grew to 427,000 units in 2024, representing 17% of total production, with further growth expected from the upcoming Neue Klasse EV lineup in late 2025.
- While competitors Volkswagen and Mercedes-Benz also reported significant profit declines, BMW has avoided large-scale job cuts, maintaining a stable workforce.
Augsburger Allgemeine 
Die Zeit 
Stern 
Junge Freiheit 
RP ONLINE 
DER SPIEGEL 
WELT 
Die Rheinpfalz 