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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
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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
January 28, 2016
10:28 EDTBAMXYTakata CEO plans to resign, WSJ reports
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