|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||28.2100 - 28.5650|
|52 Week Range||27.0500 - 39.5000|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||5.63|
|Forward Dividend & Yield||1.57 (5.66%)|
|1y Target Est||N/A|
The report is part of the U.S. Commerce Department’s probe into whether to impose levies on automobiles, vans and light trucks as well as car parts. Commerce has until February to hand its findings to President Donald Trump, who previously threatened a 25 percent tariff on imported cars. European carmakers, despite exemptions for their output from U.S. and Mexican factories, will be hardest hit, alongside imports from Japan and South Korea, RBC Capital Markets analysts said Tuesday.
Moody's Investors Service ("Moody's") today affirmed Nemak, S.A.B. de C.V.'s (Nemak) Ba1 senior unsecured and corporate family ratings. At the same time, Moody's changed the ratings outlook to ...
BERLIN—BMW AG’s automotive earnings plunged in the third quarter, as the luxury-car maker became the most recent victim of a confluence of economics and politics that is buffeting the global auto industry. Auto makers such as BMW, Daimler AG, Ford Motor Co., Fiat Chrysler Automobiles NV and Volkswagen AG are contending with several headwinds, including President Trump’s confrontational trade policies, uncertainty over Brexit, European efforts to combat global warming with ever tougher emissions rules and weaker demand for new vehicles in major markets. After years of easy profits and high growth, the German auto industry—one of Europe’s flagship sectors—also is facing longer-term structural challenges, such as technological shifts and the emergence of new competitors.
The world’s second-biggest luxury carmaker reported third-quarter earnings that missed expectations, striking a somber tone that contrasted with rivals Mercedes-Benz owner Daimler AG and Volkswagen AG. It’s too early to say whether things will look up in 2019, with the company preparing for trade wars, costs from Brexit, and “regulatory challenges,” Chief Financial Officer Nicolas Peter told reporters on a call. Return on sales from automaking, a key profit measure, nearly halved during the third quarter, hit by trade tensions, higher provisions and pricing pressure.
BMW (BMWG.DE) has beefed up its logistics to include air freight options as part of contingency plans to prepare itself for Britain's exit from the European Union, Chief Executive Harald Krueger said on Wednesday. "We have also taken measures to secure supply routes by air," Krueger said in response to a question about the carmaker's contingency plans to help ensure a smooth supply of components while politicians haggle over the terms of Britain's exit from the European Union. BMW hopes that Britain will remain part of the common market, but the Munich-based carmaker is making plans to prepare for a possible "hard Brexit", Krueger said on a conference call to discuss the company's third-quarter earnings.
AG (BMW.XE) on Wednesday confirmed its guidance as it posted lower third-quarter net profit after being hit by the effects of new emissions rules, the resulting pricing competition and global trade tensions. Net profit fell to 1.38 billion euros ($1.57 billion) in the quarter from EUR1.82 billion a year earlier. BMW said earnings before interest and taxes fell 27% to EUR1.75 billion from EUR2.38 billion.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
After years of annoying Tesla CEO Elon Musk with calls to short the stock, Citron Research has reversed from short selling the stock to going long.
NCTA-The Internet & Television Association, a trade group with members including top U.S. cable provider Comcast Corp., on Tuesday asked regulators to open those airwaves for use by Wi-Fi signals that will shoulder more and more of cable subscribers’ traffic. “Use of this band has failed,” the NCTA said in a petition to the Federal Communications Commission.
The Intergovernmental Panel on Climate Change released a report this week that calls for faster electric vehicle and hybrid adoption as part of the actions needed to limit the effects of climate change. The report will be a key topic at the Katowice Climate Change Conference in December, where governments from around the world will review the Paris agreement. Over the next decade, battery electric vehicles will reach cost parity with internal combustion engines.
SHANGHAI—BMW AG will assume majority control of its Chinese joint venture, becoming the first foreign auto maker to take advantage of Beijing’s easing of long criticized rules that limit foreign ownership in the sector. The German auto maker will pay €3.6 billion (about $4 billion) to increase its stake in its partnership with Brilliance China Automotive Holdings Ltd. to 75% from 50%. As part of the deal, the joint venture will significantly expand its manufacturing base in Shenyang in northeast China, BMW said in a statement Thursday.
AG said Thursday it agreed to increase its stake in its Chinese joint venture to 75% from 50% in a €3.6 billion ($4.1 billion) deal set to close in 2022. Ltd., also agreed to extend the contract of their BMW Brilliance Automotive Ltd. joint venture to 2040 from its existing expiration date in 2028, BMW said. BMW’s deal to acquire the additional shares in the venture needs to receive customary approval from authorities and the consent of Brilliance China’s shareholders, BMW said.
Just as a luxury crackdown takes hold and the auto market slows, the German carmaker has agreed to spend $4.1 billion to increase its stake in a venture with Brilliance China Automotive Holdings Ltd. to a controlling 75 percent. Despite widespread jitters, luxury car sales are doing reasonably well in China. While mass-market sales have fallen sharply, BMW Brilliance and Beijing Benz have managed to push up the average industry-wide pretax margin to 10 percent.
Germany's BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market. The luxury carmaker will lift its stake in its venture with Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent, with the deal closing in 2022 when rules capping foreign ownership for all auto ventures are lifted. The move will likely spur BMW to shift more production to China, helping boost profits amid a whipsawing trade war between Washington and Beijing that has raised the cost of BMW importing cars manufactured at its South Carolina plant.
With self moving cars on the rise, British academics predict that the cars could actually function as mobile brothels. New study also suggests that the hotel and flight industry could suffer as travelers opt to sleep in their cars between cities instead. Yahoo Finance's Adam Shapiro, Julie Hyman, Dan Roberts & Melody Hahm discuss.
The trade war continues to impact China's automotive industry. Regulators proposing a tax cut to offset the damage. Yahoo Finance's Seana Smith, Adam Shapiro, Brian Sozzi and Andy Serwer discuss.