BMWs are built for speed, yet the car maker's stock trades as if it is stuck in the slow lane. Between trade tensions, environmental concerns and technological change, car manufacturers have plenty to worry about. But if there is one company that takes problems in its stride, it is Munich-based Bayerische Motoren Werke.
The Chinese tariffs will hit its profit by a little under €300 million ($340 million), but model launches should offset the shortfall. The company confirmed that its fullyear operating margin would fall within a longstanding target range of 8% to 10%. It has met or exceeded this target every quarter since 2009.