Roundup: German auto giants report profit slumps, blame U.S. tariffs

BERLIN, Nov. 5 (Xinhua) -- German automaker BMW said on Wednesday that U.S. tariff hikes have hurt its business, joining Volkswagen and Mercedes-Benz in warning of growing profit pressures from trade barriers.

According to BMW's quarterly report, the group's operating profit, or earnings before interest and taxes (EBIT), fell 16.2 percent year-on-year to 8.06 billion euros (9.25 billion U.S. dollars) in the firs