BMW says worsening Chinese market could hit year's profit forecast


FRANKFURT - BMW , the world's biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade.


Toyota books third straight first-quarter profit record on cost cuts, currency gains 7:48am BST

TOKYO - Toyota Motor Corp posted a third straight year of record first-quarter net profit on Tuesday, easily beating analyst estimates, as costs cuts and currency gains made up for slightly weaker vehicle sales.

Tech lift to productivity overlooked? The Fed doesn't think so 6:20am BST

SAN FRANCISCO - Steve Gutmann used to have a basement that he never used. His Honda Civic sat idle in front of his Portland, Ore. house. 

Italy's Exor wins battle to buy PartnerRe for $6.9 billion 03 Aug 2015

MILAN - Investment group Exor , which controls carmaker Fiat Chrysler , said on Monday it had signed a deal to buy PartnerRe for $6.9 billion (£4.43 billion), trumping a rival bid from Axis Capital and ending a prolonged battle for the reinsurer. | Video


German carmakers buy Nokia maps to fend off digital rivals 03 Aug 2015

FRANKFURT - German carmakers BMW , Audi and Mercedes , will pay around 2.5 billion euros (£1.76 billion) to buy Nokia's maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars. | Video

General Atlantic to take stake in HERE mapping business - source 03 Aug 2015

FRANKFURT - Buyout group General Atlantic is set to take a stake in mapping business HERE later this year, which a consortium of German premium carmakers has agreed to buy from Nokia , a person familiar with the transaction said on Monday.


Automakers buckle up for more China woe after stock crash saps sales 02 Aug 2015

BEIJING - Automakers in China may be forced to come up with more drastic mitigation measures when July sales results released from this week likely reveal a fourth month of contraction after a stock market crash sapped consumer sentiment.

German auto makers agree deal to buy Nokia HERE - sources 02 Aug 2015

FRANKFURT - A consortium of German premium carmakers has agreed a deal to buy Nokia's mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected cars.


Subaru says suppliers have been told to treat workers fairly 02 Aug 2015

- Fuji Heavy Industries , the parent company of automaker Subaru, has told its network of suppliers that it expects them to treat workers fairly and to uphold "human rights and international standards of behaviour."


Apple, BMW in courtship with an eye on car collaboration 31 Jul 2015

FRANKFURT/SAN FRANCISCO - BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars.