Hyundai overtakes its German luxury car rivals

BMW AG is reportedly set to become the first foreign automaker to take control of its joint venture in China.

Brilliance China Automotive Holding Ltd., BMW AG’s Chinese partner, has slid 20 percent since news emerged on July 12 about the German luxury-car maker's potential plan to raise its stake in the companies’ joint venture.

German carmaker BMW said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market.

Investors are bracing for Toyota Motor’s business update on Friday after global rivals fell short of estimates and warned of more pain.

Toyota will invest about $500 million to work jointly on driverless-vehicle development, the Wall Street Journal reports, citing unidentified people familiar.

BMW is betting on China, paying more than $4B to boost its stake in its joint venture with Brilliance Automotive.

Harald Krueger, BMW AG chief executive officer, discusses the company's relationship with the Trump administration and its electric-vehicle plans from the 2018 Los Angeles Auto Show on "Bloomberg Markets: The Close.

BMW has recalled millions of cars worldwide with a faulty exhaust gas recirculation cooler. South Korea's Transport Ministry accuses the automaker of dragging its feet on the recall.

Toyota has cut its net income forecast for the full year citing changes in U.S. taxation rules and losses from equity sales.

BMW and Daimler, the parent company of Mercedes-Benz, join forces to develop automated driving technology. It is the two German automakers' second collaboration in less than a week.

BMW Board Member Peter Schwarzenbauer says the company isn't happy with the current state of trade tensions and attitudes towards borders. He also discusses the future of the auto industry, covering electrification, car sharing and autonomous driving.

MW joins Volkswagen in predicting China sales growth for the year. Nicolas Peter, chief financial officer at BMW, told Bloomberg's Tom Mackenzie exclusively that the carmaker expects 5-10% growth for its China sales this year.