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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 · 10h

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.

Barron's · 12h

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.

Hosted on MSN · 20h

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.

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 ...

10h

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 ...

China stocks are tumbling, but Trump victory could inspire more stimulus

Chinese stocks tumbled on Wednesday, with indexes taking a hit during local trading hours as news of former President Trump's victory arrived overnight. Hong Kong's Hang Seng index was down 2.2% on ...

18h

China’s New Stock Accounts Hit Nine-Year High as Market Booms

Chinese investors opened new stock trading accounts at the fastest pace in nine years as equities surged following a stimulus boost from Beijing.

13h

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 ...

12hon 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.

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.

World Politics Review on MSN5d

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 ...

18h

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 ...

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