BMW misses 3rd quarter forecast
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BMW has reported a lower-than-expected 7.6 percent rise in third-quarter pretax profit, but has reaffirmed its forecast for record revenues, earnings and car sales in 2004.
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German carmaker BMW  said  group vehicle sales fell 22 percent to 16,935 in the United  States in January but said it expected retail sales there to  rise slightly in 2008 compared to last year.
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Japanâs third-largest automaker blamed rising commodity costs and slower sales for the worse-than-expected results.
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Snap-on Inc. SNA.N, which makes  vehicle-repair tools, on Tuesday said third-quarter and  full-year earnings would fall short of Wall Street estimates  due to high steel prices and weak business in Europe.
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Research In Motion Ltd.&#39;s stock faltered again following the company&#39;s third-quarter results, with investors expecting a more bullish fourth-quarter outlook from the company.
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German automaker BMW will launch a crucial redesign of its mainstay 3-Series in March, the company said Tuesday.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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Office Depot Inc. expects third- quarter and yearly earnings to miss analysts&#39; estimates because of recent hurricanes in Florida and sluggish back-to-school sales.
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Auto retailer CarMax Inc. KMX.N on  Tuesday cut its second-quarter earnings forecast due to  slower-than-expected used-car sales, sparking a 3.7 percent  drop in its shares.
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3M Co. MMM.N on Monday reported a 17  percent rise in third-quarter earnings due in part to the weak  dollar, but the diversified manufacturer's results fell short  of Wall Street's estimates for the first time in nearly four  years, sending shares down 5 percent.
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Luxury auto maker BMW BWMG.DE posted  a 16 percent fall in vehicle sales in China in 2004 to 15,480  units, including imports, as demand in the world's  third-largest auto market braked amid nationwide credit curbs.
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The German auto group BMW will present its strategy for the future on Thursday, a source close the matter told AFP, with press reports saying it would focus on improved production and cleaner cars.
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NEW YORK - Third-quarter earnings are meeting Wall Street&#39;s expectations, but the lack of company forecasts on future earnings - or disappointing outlooks in many cases - is starting to have investors worried.
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The company revised its 2007 sales forecast lower for a third time this year because of price reductions and reduced orders.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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German premium car maker BMW  aims to increase its sales in the United States to 400,000 units per year in the medium term from 336,000, the German Auto Motor und Sport magazine reported.