BMW, China and Toyota
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.
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Markets Insider on MSN1d
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The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that ...
Asian equities followed US stocks lower overnight despite the US dollar’s weakness.
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