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South Korean alarm over EV fires puts spotlight on safety concerns

EXPLAINER-South Korean alarm over EV fires puts spotlight on safety concerns By Heekyong Yang and Ju-min Park SEOUL, Aug 14 (Reuters) - South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that took eight hours to put out.
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South Korea urges automakers to disclose EV battery brands after fires

UPDATE 2-South Korea urges automakers to disclose EV battery brands after fires Recent EV fires in South Korea stir public safety concerns More car companies start identifying batteries used EV phobia will last for a while, says expert Some question safety improvements without more measures Adds disclosures by car companies on batteries in paragraphs 5-10, detail on recent fires in paragraph 9, expert comment in paragraphs 13-14 By Heekyong Yang and Ju-min Park SEOUL, Aug 13 (Reuters) - South Ko
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Ashtead Group, Beazley, Entain

EUROPE RESEARCH ROUNDUP-Ashtead Group, Beazley, Entain Aug 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ashtead Group, Beazley and Entain, on Friday. HIGHLIGHTS * Ashtead Group Plc AHT.L : KeyBanc initiates coverage with sector weight rating * Beazley Plc BEZG.L : Berenberg raises target price to 950p from 880p * Entain Plc ENT.L : Deutsche Bank cuts target price to 958p from 1,089p * Rheinmetall AG RHMG.DE : Morgan Stanley up
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BMW to recall over 100,000 US vehicles over starter motor concern

UPDATE 1-BMW to recall over 100,000 US vehicles over starter motor concern Adds details from statement throughout Aug 8 (Reuters) - BMW BMWG.DE is recalling 105,558 crossovers and sedans in the U.S. and will issue a software update to fix concerns related to a starter motor that can overheat, t he National Highway Traffic Safety Administration said on Thursday .
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BMW to recall over 100,000 US vehicles over starter motor concern

BMW to recall over 100,000 US vehicles over starter motor concern Aug 8 (Reuters) - BMW BMWG.DE is recalling 105,558 crossovers and sedans in the U.S. and will issue a software update to fix concerns related to a starter motor that can overheat. Reporting by Nathan Gomes in Bengaluru; Editing by Tasim Zahid
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NHTSA Says BMW Of North America Is Recalling 105,588 U.S. Vehicles

BRIEF-NHTSA Says BMW Of North America Is Recalling 105,588 U.S. Vehicles Aug 8 (Reuters) - Bayerische Motoren Werke AG BMWG.DE : BMW OF NORTH AMERICA, LLC IS RECALLING 105,588 U.S. VEHICLES - NHTSA BMW OF NORTH AMERICA, LLC IS RECALLING SOME U.S. VEHICLES AS A STARTER MOTOR THAT OVERHEATS CAN IGNITE NEARBY COMBUSTIBLE MATERIAL IN THE ENGINE COMPART
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US corporate bond issuance jumps after brief pullback

US corporate bond issuance jumps after brief pullback By Matt Tracy Aug 7 (Reuters) - U.S. corporate borrowers flooded the market for new bond sales on Wednesday after sitting on the sidelines earlier in the week due to a spike in borrowing costs. At least 17 corporate issuers tapped the U.S. bond market on Wednesday, including multi-billion dollar deals for tech giant Meta Platforms META.O , automaker BMW BMWGC.UL and for-profit healthcare provider HCA Inc HCA.N .
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Arkema, Man Group, Shell

EUROPE RESEARCH ROUNDUP- Arkema, Man Group, Shell Aug 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Arkema, Man Group and Shell, on Friday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 105 from EUR 103 * Berkeley Group BKGH.L : Jefferies raises target price to 4,936p from 4,834p * Diageo Plc DGE.L : Morgan Stanley cuts target price to 2200p from 2380p * Man Group Plc EMG.L : Peel Hunt cuts to add from buy * Sh
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China's stuttering recovery darkens global corporate growth outlook

ANALYSIS-China's stuttering recovery darkens global corporate growth outlook By Medha Singh Aug 2 (Reuters) - Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world's No. 2 economy , China, and are strapping in for a bumpy ride ahead. A protracted downturn in the property market and high levels of job insecurity have knocked the wind out of a fragile recovery in China, a global trading powerhouse, and the effects of its slowdown can be
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Italy car sales up 4.66% yr/yr in July - Transport Ministry

BRIEF-Italy car sales up 4.66% yr/yr in July - Transport Ministry Aug 1 (Reuters) - Italy's Transport Ministry says in a statement: ITALY CAR SALES +4.66% IN JULY - TRANSPORT MINISTRY STELLANTIS HELD 28.04% OF ITALY CAR MARKET IN JULY - REUTERS CALCULATIONS Further company coverage: BMWG.DE
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Auto-parts supplier Aptiv beats quarterly profit estimates, shares rise

UPDATE 1-Auto-parts supplier Aptiv beats quarterly profit estimates, shares rise Updates shares, adds details from conference call in paragraphs 10-11, analyst comment in paragraphs 5-6 By Nathan Gomes Aug 1 (Reuters) - Aptiv APTV.N on Thursday beat Wall Street expectations for second-quarter profit, aided by strong demand for parts and advanced driving technology from automakers, sending shares of the auto-parts supplier up by more than 13%.
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Auto-parts supplier Aptiv beats quarterly earnings estimates, shares rise

Auto-parts supplier Aptiv beats quarterly earnings estimates, shares rise Aug 1 (Reuters) - Aptiv APTV.N topped Wall Street's expectations for second-quarter earnings, aided by strong demand from automakers, sending shares of the auto-parts supplier more than 5% up in premarket trading. The company also authorized a new $5 billion share repurchase program and said it would immediately proceed with a $3 billion buy back, and fund that with cash on hand and debt.
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European shares slide more than 1% as bank stocks crumble

UPDATE 2-European shares slide more than 1% as bank stocks crumble For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UK's Rolls-Royce surges on raising profit forecast France's Worldline drops after cutting 2024 outlook Bank of England cuts rates from 16-year high European banks index has worst day since March 2023 STOXX 600 down 1.2% Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Aug 1 (Reuters) - Europe's STOXX 600 closed mor
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BMW stock at 2 year low as China woes weigh on cars margin

BUZZ-BMW stock at 2 year low as China woes weigh on cars margin Adds analyst comment in 2nd bullet point, comment on Q2 results in 3rd bullet point ** BMW BMWG.DE shares fall 4.5% to their lowest in two years after the German luxury carmaker reported key auto unit margin below market expectations as heightened competition, weaker demand in China bi
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BMW stock at 2 year low as China woes weigh on cars margin

BUZZ-BMW stock at 2 year low as China woes weigh on cars margin ** BMW BMWG.DE shares fall 4.5%, to their lowest in two years, after the German luxury carmaker reported key auto unit margin below market expectations, weighed by heightened competition and weaker demand in China ** "Similar to VW, consensus was at the bottom of the guide range, but w
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BMW CEO confident of avoiding highest EU tariff for China e-cars

BMW CEO confident of avoiding highest EU tariff for China e-cars FRAKFURT, Aug 1 (Reuters) - BMW CEO Oliver Zipse voiced confidence that carmakers will avoid European Union tariffs on e-cars from China at the highest end of the scale, he told investors on Thursday, updating them on ongoing discussions on the issue. "Following the intensive discussions, we are confident that the very high duty of 37.6% will not materialise, and we are campaigning for this," Zipse said.
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BMW CFO: Forecast RoE In Financial Services Segment Of 15-18% In 2024

BRIEF-BMW CFO: Forecast RoE In Financial Services Segment Of 15-18% In 2024 Aug 1 (Reuters) - Bayerische Motoren Werke AG BMWG.DE : BMW CFO: NOW FORECAST ROE IN FINANCIAL SERVICES SEGMENT OF 15-18% IN 2024 (PREVIOUSLY 14-17%) Further company coverage: BMWG.DE Reporting by Berlin Newsroom
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China woes hit BMW as profit margin falls

UPDATE 3-China woes hit BMW as profit margin falls Q2 EBIT margin falls to 8.4% from 9.2%, below analysts consensus Shares fall 3.8% China sales fall 4% in first half but less than peers BMW investing heavily in model revamps No change in guidance for 2024 Adds share price 3rd paragraph, details on EVs and outlook from paragraph 7 to end By Rachel More BERLIN, Aug 1 (Reuters) - BMW BMWG.DE reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Th
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BMW's auto profit margin falls short of forecast in Q2

BMW's auto profit margin falls short of forecast in Q2 BERLIN, Aug 1 (Reuters) - BMW BMWG.DE on Thursday reported a lower than expected profit margin in its core automotive segment during the second quarter, as heightened competition and weaker demand in China weighed on the luxury carmaker's sales. The German automaker's earnings before interest and taxes (EBIT) margin in its car segment fell to 8.4% from 9.2% in the same period last year, falling short of the 8.7% expected by analysts, accordi
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Aisin Corp - Aisin, BMW Group Agreed On Strategic Partnership For E-Axle Production

BRIEF-Aisin Corp - Aisin, BMW Group Agreed On Strategic Partnership For E-Axle Production Aug 1 (Reuters) - Aisin Corp 7259.T : AISIN CORP - AISIN, BMW GROUP AGREED ON STRATEGIC PARTNERSHIP FOR E-AXLE PRODUCTION AISIN CORP - E-AXLE WILL BE PRODUCED BY AISIN IN BOTH CHINA AND EUROPE, PLANNED FOR INSTALLATION IN BMW GROUP VEHICLES IN LATE 2020S AISIN
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