Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

back to our quarterly earnings call. Our CEO, Oliver Zipse, and our CFO, Walter Mertl, are also back in the room with me. The line will be open shortly for your questions. The operator will give you first some technical instructions. Ladies and gentlemen, we will now begin our Q&A session. If you have a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. Or if you have dialed in, please press star nine to enter the queue. Once your name has been announced, you can ask a question. If you want to withdraw your question, please lower your hand using the raise hand function in the Zoom app or via telephone, press star nine. Thank you and please stay tuned for our first question. Our first question comes from Patrick Hummel at EBS. Please unmute your line. Hi, Patrick. Please give hello. Do you hear us? Yes, sorry, I wasn't able to unmute until now. Good morning, everybody. Thanks for taking my question. If I can start. Oliver, relating to your view on the tariff relaxation that you're talking about for the second half of the year, no US OEM talked about this. And it seems like, you know, based on the commentary from the media call that you take your optimism from the fact that you're such a big exporter out of the US, I just want to understand if this is the right way to read it. That's where your optimism is coming from. And could you just give a bit more color, you know, where your confidence comes from? Is it just from state level conversations with your local governor? Or is it, you know, optimism coming from conversations you had with the administration in Washington? Any more color you can give would be greatly appreciated. And my second question relates to China. I'm not sure if you're for you, Oliver or Walter. I think ...