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Tesla and BMW sue EU
BMW, Mercedes-Benz, and Tesla Join the Complaint Against Tariffs on Chinese Electric Cars
The lawsuit filed last week by BYD, Geely, and SAIC in the EU courts could last up to a year and a half. Tariffs on electric cars manufactured in China continue to gather opponents. If less than a week ago the three major Chinese manufacturers Geely,
Tesla, BMW sue EU after China-made EVs hit by tariffs
The EU imposed anti-subsidy tariffs of 7.8% on Tesla on top of the 10% levy. BMW’s imports were hit with a 20.7% duty. The firm was hit because its electric Mini Cooper and the 100% electric Mini Aceman are made in China, according to car website Autogear.
Tesla, BMW Sue European Government For Tariffs
There’s been considerable talk lately of a tariff war brewing, but some shots have already been fired by the European Union with both Tesla and BMW in turn suing. That’s right, the German and American automakers have both filed suit against the European Commission because of tariffs levied against their cars.
2d
on MSN
BMW Sees Auto Margin at Low End of Guidance on Weak Sales
BMW AG said its 2024 automaking profit margin will be at the lower end of guidance after sales of its premium cars fell.
2d
Tesla, BMW sue EU after China EVs hit by tariffs
Elon Musk’s Tesla and Bayerische Motoren Werke AG (BMW) have sued the European Union’s (EU) executive, adding to a flurry of ...
2d
BMW expects full-year earnings margin in lower half of 6-7% target
BMW expects its earnings before taxes in the fourth quarter to be significantly below last year and for its full-year margin ...
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