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BMW boosts profitability despite China, tariff woes
BMW boosts profitability despite China, tariff woes
Business and Economy
by  AFP

German carmaker BMW on Wednesday reported a rise in profitability in the last quarter despite facing challenges from slowing Chinese sales and tariffs. The carmaker, which also makes Mini and Rolls-Royce cars, cut its outlook for 2025 in October due to tariff costs and slowing sales in key market China, where European manufacturers are losing sales to local rivals.

Toyota hikes profit forecasts 'despite US tariffs'
Toyota hikes profit forecasts 'despite US tariffs'
Business and Economy
by  AFP

Japanese auto giant Toyota on Wednesday hiked its operating income and net profit forecasts for the current fiscal year despite the impact of US tariffs. The firm said Wednesday that net income in the first half fell 7.0 percent to 1.8 trillion yen while operating income plunged 18.6 percent to 2.0 trillion.