BMW AG’s carmaking profits will lag well below its long-term targets this year, weighed down by escalating trade tensions between the US and Europe and muted sales in China. The German manufacturer expects an automaking margin of between 5% and 7% this year, after the measure fell to 6.3% in 2024, the lowest in four years. BMW’s long-standing aim is to keep its carmaking returns above 8%. BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year.