BMW says U.S. tariffs to dent autos earning margin by one percentage point

BMW Reports U.S. Tariffs to Affect Autos Earnings Margin

(Reuters) - BMW's Chief Financial Officer said on Friday that the added tariffs on U.S. imports imposed up until March 12 would reduce its earnings margin in the autos segment by one percentage point, according to a copy of his speech seen in advance.

Still, the carmaker anticipated solid market development in the United States due to a "robust economic situation", Walter Mertl said in a speech following the release of annual results.

(Reporting by Victoria Waldersee; Editing by Ludwig Burger)