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.
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.
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.
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
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
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.
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.
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.
- 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."
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.