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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
News For BAMXY From The Last 14 Days
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August 26, 2015
16:26 EDTBAMXYMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
August 25, 2015
06:44 EDTBAMXYArcelorMittal finds success in Northern France plant, WSJ reports
ArcelorMittal (MT) has found improbable success investing heavily in Europe, particularly in rust belt Northern France, the Wall Street Journal reports. The company's most profitable business unit is located in Northern France, and the European Union is still the globe's most prestigious automotive market, where companies such as Audi (AUDVF) and BMW (BAMXY) make nearly a trillion dollars worth of cars a year, the report says, meaning higher demand for locally produced steel. Reference Link

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