Latest in China woes weigh on profits at Toyota, Honda and BMW
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China woes weigh on profits at Toyota, Honda and BMW
Even the strongest international carmakers are suffering from intense competition in the Chinese marketWorld - Financial Times - November 6 -
Why Toyota and Honda vehicles have such high resale values
Toyota and Honda hold their value better than just about any other brand. CNBC looks at how they got this way and explores what could knock them off the podium.Business - CNBC - November 4 -
BMW Posts Sharp Fall in Automotive Profitability
BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.Business - The Wall Street Journal - November 6 -
Honda Motor Cuts Forecasts for Car Sales, Profit
The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.Business - The Wall Street Journal - November 6 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6 -
Richemont Sales Fall as Luxury's China Woes Linger
The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.Business - The Wall Street Journal - November 8 -
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
Despite the lower takings, Toyota had raised its interim and full year dividend forecastBusiness - CNBC - November 6 -
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.Business - The Wall Street Journal - November 14 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
China consumer slowdown weighs on U.S. earnings again
From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.Business - CNBC - November 5 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
China's industrial profits plunge at fastest pace since the pandemic
The country's industrial profits declined 27.1% year-on-year in September.Business - CNBC - October 28 -
PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - October 29 -
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.Business - The New York Times - November 4 -
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Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.Business - CNBC - November 15 -
US probe covers 1.4M Honda, Acura engines
A new investigation from the National Highway Traffic Safety Administration reveals that a failed engine complaint effects over 1.4 million Honda and Acura vehicles. The investigation, which ...Politics - The Hill - November 11 -
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Haas F1 reiterates team is not for sale after aligning with Toyota on technical partnership
The first-year team principal of Haas reiterated the Formula 1 team is not for sale even if new technical partner Toyota tried to buy the organizationSports - ABC News - October 25 -
Regulators Probe 1.4 Million Hondas for Possible Engine Failures
The National Highway Traffic Safety Administration has concerns about several models from different years, including the Honda Pilot and Acura MDX, the Honda Odyssey and Acura TLX, and Honda ...Business - Inc. - November 12 -
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How the EV era is challenging leading engine maker Honda
Honda is one of the world's largest and most innovative engine makers. But in recent years it has been challenged by the shift to electric vehicles.Business - CNBC - 2 days ago -
Mbappé woe as Barcelona thrash wasteful Madrid
Robert Lewandowski scored twice and Lamine Yamal added a third goal to ruin Kylian Mbappé's first Clásico as Barcelona romped to a 4-0 win over Real Madrid on Saturday.Sports - ESPN - October 26 -
AD injures foot as Lakers' road woes continue
Anthony Davis will have his foot evaluated after he aggravated an injury late in the fourth quarter of Monday's loss at Detroit.Sports - ESPN - November 5 -
Source: Madrid woe as Tchouaméni out for month
Real Madrid midfielder Aurélien Tchouaméni will be out of action for a month, a source has told ESPN, after spraining his ankle in the club's 3-1 Champions League defeat to AC Milan.Sports - ESPN - November 6 -
Lamar at a loss to explain woes against Steelers
Heading into Sunday's showdown, Lamar Jackson is 1-3 against the Steelers and Pittsburgh is the only team against which he has thrown more interceptions (seven) than touchdown passes (four).Sports - ESPN - November 14 -
Pederson: 'Start with me' on blame for Jags woes
The Jaguars enter their bye week coming off the worst loss in franchise history, leading coach Doug Pederson to say the blame for the team's season so far starts with him, but he is evaluating ...Sports - ESPN - 5 days ago -
The Norwegian Company Blamed for California’s Hydrogen Car Woes
A civil fraud case reveals that the hydrogen fueling stations promoted by Toyota, Shell, and Chevron never worked in the first place.Tech - Wired - 5 days ago -
Bosch to Cut Thousands of Jobs as Auto Woes Intensify
Bosch said it expected to cut 3,500 jobs in its cross-domain computing solutions division by 2027. Subdued car sales and intense competition have hit earnings at carmakers.Business - The Wall Street Journal - Yesterday -
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Toyota says California-led EV mandates are 'impossible' as states fall short of goal
CARB's regulations call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles (ZEV).Business - CNBC - November 8 -
Nevada voters weigh in on affordable housing
Being able to buy a home -- or afford to rent one -- is an important issue for millions of voters this election year. Both candidates for president have ideas to make the American dream a reality ...Top stories - CBS News - October 25 -
England's defensive woes in loss to Germany raise alarm about Euros readiness
The Lionesses conceded four goals in a loss that forces England's coach to answer questions.Sports - ESPN - October 27
