• BMWG

BMW Q3 sales drop amid China weakness and "challenging" market conditions

BMW's Q3 sales declined 13% due to decreased demand in China and recalls affecting over 1.5 million vehicles, leading to lowered profit expectations for 2024.

• BMWG
• GSK
• STOXX

European stocks edge up ahead of US inflation data, GSK jumps

European stocks rose as markets await U.S. inflation data; GSK shares jumped after a settlement, while BMW sales declined and Givaudan shares increased.

• BMWG

BMW Q3 sales fall 13%, weighed by China, delivery stops

BMW's Q3 sales declined by 13%, worsened by a 29.8% drop in China, while battery-electric vehicle sales rose 10.1%.

• BMWG
• CL
• DE40
• FCHI
• GM
• LCO
• RIO
• TSLA
• UK100

European stocks largely unchanged; Rio Tinto moves into lithium

European markets struggled amid Middle East tensions and China's economic issues. German exports rose, while Rio Tinto announced a major acquisition. Oil prices rebounded despite rising US inventories.

• BMWG
• BP
• CHPT
• F
• HMC
• NSANY
• TSLA

Japan's Nissan to invest in auto tech firm ChargeScape

Nissan invests in ChargeScape for EV charging technology, enhancing services for drivers in the U.S. and Canada while acquiring a 25% stake in the joint venture.

• BMWG
• MBGAF
• STLAM
• VOWG_p

Alten and TietoEVRY shares down following BofA downgrade amid market weakness

• ALB
• BMWG
• GM
• RIO
• TSLA

Exclusive-Rio Tinto in talks to buy lithium miner Arcadium, sources say

Rio Tinto is negotiating to buy lithium miner Arcadium, potentially becoming the third-largest lithium producer, amid increasing demand for electric vehicle batteries.

• BMWG
• MBGn
• VOWG_p

EU Commission to move ahead with tariffs on Chinese-made EVs

The European Commission plans to impose 45% tariffs on Chinese electric vehicle imports despite opposition, citing unfair trade practices while aiming for negotiations with Beijing.

• BMWG
• MBGAF

German envoy urges Hungarians to safeguard relations with EU and NATO

Germany's envoy criticizes Hungary's actions eroding trust with NATO and EU allies, urging public figures to speak out amid strained relations and significant trade ties.

• BMWG
• MBGn
• P911_p
• STLA
• VOWG_p

Barclays cuts Porsche, Mercedes and Stellantis ratings as crisis worsens

Barclays downgraded its ratings for Porsche, Mercedes-Benz, and Stellantis due to deepening challenges in the European auto sector, citing profit warnings and ongoing market risks.