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Stock Market & Financial Investment News

News Breaks
July 15, 2014
06:47 EDTBAMXYBMW ups battery supplies due to EV expansion plans, Bloomberg says
BMW is positioned to spend billions of euros in raising its orders of Samsung SDI batteries as the luxury car provider broadens its lineup of electric vehicles, according to Bloomberg, citing comments from BMW's purchasing chief Klaus Draeger. Reference Link
News For BAMXY From The Last 14 Days
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August 2, 2015
19:11 EDTBAMXYGerman auto group to buy Nokia mapping unit for $3.2B, Reuters says
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16:14 EDTBAMXYApple CEO toured BMW electric vehicle factory, Reuters says
Apple (AAPL) CEO Tim Cook and other senior executives travelled to BMW (BAMXY) headquarters last year and toured its Leipzig factory to gather data on electric car manufacturing, reports Reuters, citing two sources familiar with the matter. Collaboration talks ended without a definite conclusion because Apple appeared to want to pursue its own car development, said one the sources. Reference Link
July 31, 2015
11:22 EDTBAMXYGerman luxury auto group close to $3B deal for Nokia's HERE, Bloomberg says
A group of German luxury car makers including BMW (BAMXY), Mercedes-Benz parent Daimler (DDAIF), and Audi (AUDVF) are close to an agreement to purchase Nokia's (NOK) digital-maps business HERE for roughly $3B, Bloomberg reports, citing people familiar with the matter. An official announcement may come as soon as Monday, the report says. Reference Link
July 27, 2015
07:49 EDTBAMXYApple said to talk with BMW about electric car project, MacRumors reports
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July 26, 2015
19:22 EDTBAMXYBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because itís not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 21, 2015
06:42 EDTBAMXYNokia close to selling HERE to German auto makers, Bloomberg reports
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