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BMW, China and Toyota
Toyota and BMW are the latest casualties in China's evolving EV market
Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from local automakers like BYD.
China woes weigh on profits at Toyota, Honda and BMW
Slowing demand in China led to steep falls in quarterly profit for Toyota, Honda and BMW, dragging even the strongest carmakers into a broader downturn hitting the sector. Until now, Japan’s Toyota and Honda had outperformed their European and US rivals due to strong hybrid and petrol sales in North America.
BMW's Profits Plunge As China Sales Slump
BMW said Wednesday it faced "extraordinary challenges" as its quarterly profits plunged due to slumping Chinese sales and a vehicle recall, the latest sign of the crisis gripping Europe's auto sector.
BMW profit plunges on China sales and brake issues, misses expectations
BMW on Wednesday reported a 61% drop in its quarterly third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook.
7h
China’s 2024 Really Isn’t Going To Plan
Yet 2025 will pose its own challenges to Xi’s embattled Communist Party. Not least of which is a historical bookend as the 10 ...
12h
China's markets drop as Trump presidency looms
China
's equity
market
is in the midst of recovering from a years-long slump as authorities promise to address weak ...
1d
on MSN
China's Next Stimulus Package Is Unlikely to Put Market Fully at Ease
Chinese lawmakers are gathering in the shadow of the US election to sign off on a fiscal package that’s set to run into the ...
Markets Insider on MSN
1d
China is boosting market sentiment by playing up hopes for stimulus
Chinese Premier Li Qiang said ahead of the US presidential election that Beijing has "ample space for fiscal policy and ...
1d
China And The Fed Are Quietly Adding To A ‘Perfect Storm’ That Could Be About To Blow Up The Bitcoin Price
Arthur Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment ...
5h
AstraZeneca's China chief in custody, believes unrelated to insurance probe
AstraZeneca said on Wednesday its China president Leon Wang had been detained by Chinese authorities and, although it did not ...
8h
China stocks are tumbling, but Trump victory could inspire more stimulus
Two popular U.S.-traded ETFS -- the iShares
China
Large Cap ETF and the KraneShares CSI
China
... shock expected from higher tariffs," said Thomas Hempell, head of macro and
market
research at ...
14h
on MSN
More bad news for Tesla in China
Tesla's sales slip comes amid a record year for competitor BYD in the ever-important Chinese market.
15h
China Vs. Japan: A Battle For The Sharpest Equity Market Turns Of 2024
DXJ demonstrated robust long-term returns despite recent volatility, while CXSE has seen high returns largely tied to ...
1d
China’s Earnings Gloom Masked by Windfall From Rapid Stock Gains
Chinese earnings returned to growth in the third quarter but a closer look at the numbers reveals a picture that’s far less ...
20h
China Stock Market Has Firm Lead For Wednesday's Trade
The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that ...
World Politics Review on MSN
5d
China Has Already Cornered a Key Part of the Critical Minerals Market
The focus on mining the critical minerals for the green transition overlooks a key area of China's dominance: the smelting ...
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