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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:49 EDTBAMXYBMW aims to announce Mexican vehicle facility this summer, Reuters says
BMW hopes to announce in July that it will construct its first vehicle assembly facility in Mexico and has noted two regions where the site could be located, according to Reuters, citing an article from German magazine Automobilwoche, who didn't cite their sources of the data. 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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