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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 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.
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.
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 ...
9h
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 ...
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 ...
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 ...
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 ...
11h
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 ...
10h
Why Trump tariffs pose a bigger threat to China’s economy this time
A threat by Donald Trump, who has been elected as the next U.S. president, to impose 60% tariffs on U.S. imports of Chinese ...
World Politics Review on MSN
6d
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 ...
13d
China Market Update: TAL Terrific As Hong Kong/Mainland China Work Off Their Overbought Weekly Distribution
Asian equities followed US stocks lower overnight despite the US dollar’s weakness.
16h
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.
2d
Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook
Marriott's stock declined after missing earnings expectations. RevPAR increased but full-year outlook fell short of estimates ...
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