This, a more upbeat assessment of the trade situation than many rivals and leading the German luxury automaker to confirm its 2025 outlook.

The company warned, however, that tariffs imposed by US President Donald Trump would have a "notable" impact on its second-quarter results. Executives declined to estimate that hit during a call with analysts on Wednesday.

BMW's biggest plant is in the US and it is the country's top auto exporter by value. The company said it was engaged in multi-level talks with US policymakers and that its arguments for easing tariffs were being acknowledged.

"We are noticing that things are moving, developing and being negotiated everywhere," Finance Chief Walter Mertl said.

"Accordingly, our reading, based on all the networks that we have at our disposal, is that we assume that something will change in July."

Chief Executive Officer Oliver Zipse said BMW's operations in South Carolina, home to its Spartanburg plant, supported around 43 000 direct and indirect jobs and made an economic contribution of more than $26 billion a year.

--Reuters--