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Stock Market & Financial Investment News

News Breaks
April 8, 2014
08:47 EDTBAMXYBMW progresses with plans on new North America plant, Bloomberg says
BMW (BAMXY) is making progress on its goals for a second North American plant to adhere to the rising demand for its cars in the region, according to Bloomberg, citing comments in an interview with the company's production chief Harald Krueger. Krueger said, “We will decide this in the next months. On the North American continent, there’s still potential.” Reference Link
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February 5, 2016
08:36 EDTBAMXYDaimler CEO: Won't sacrifice margins in effort to overtake BMW, Reuters says
Daimler (DDAIF) CEO Dieter Zetsche said that the auto maker would not sacrifice margins in its effort to overtake BMW (BAMXY) to become the best-selling luxury car brand, Reuters reports, citing comments from Zetsche to analysts at a conference to discuss Q4 results. Zetsche is urging Mercedes to become the leading luxury car brand by 2020 after surpassing Volkswagen's (VLKAY) Audi (AUDVF), the report says. "The volume lead should be the consequence of having the best offering," Zetsche said. "If we accomplish this, it is a natural consequence that more people will choose us." He added, "People said it will create pricing and margin pressure. Exactly the opposite is true." Reference Link

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