German car maker BMW AG said Friday it expects the tax cut signed by President Donald Trump to translate in a “positive impact” on 2017 income taxes, and therefore on group net profit in the U.S. around 950 million to 1.55 billion euro, or the equivalent of $1.1 billion to $1.8 billion at current exchange rates. Competitor Daimler AG earlier Friday saidthe tax overhaul would result in a $2 billion boost to its net income.
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