Dhaka, July 31 -- Germany's BMW maintained its full-year guidance on Thursday despite U.S. tariffs and quarterly earnings dropping by a third, arguing that its large manufacturing presence in the country gives it an edge over rivals.

By contrast, Volkswagen and Mercedes-Benz have cut their outlooks, reports Reuters.

European automakers are still digesting a new 15% tariff agreed between the European Union and U.S. President Donald Trump, which is lower than the current rate of 27.5% for autos, but still poses a major obstacle to their export-focused businesses.

BMW, whose biggest plant is in the United States and is the Germany's top auto exporter by value, said it continues to expect 2025 earnings before tax to be on par with the prev...