Nick Carey

BMW Profit Boosted By Chinese Joint Venture, Strong Prices

BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and strong pricing, and maintained its 2022 outlook despite volatile prices for commodities and energy.

Tariffs Cause GM, FCA To Trim 2018 Profit Forecasts

Trade tariffs were partly to blame for lowered full-year forecasts by General Motors and Fiat Chrysler Automobiles NV on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.