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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.

The Financial Times · 14h

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.

Hosted on MSN · 1d

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.

Barron's · 16h

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.

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 ...

14h

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 ...

1don 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 MSN1d

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 ...

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 ...

10h

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

Latin America, Caribbean countries to unlock more opportunities in China market: Foreign Ministry

Latin American and Caribbean countries are poised to unlock greater opportunities in China, Foreign Ministry spokesperson Mao ...

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 ...

17h

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 ...

16hon 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.

World Politics Review on MSN6d

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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