Bloomberg Apple Inc, bolstering its car-development efforts, hired a former engineer from Tesla Inc. who drew controversy this year for remarks about that company’s Autopilot feature. The iPhone maker tapped Christopher “CJ” Moore for its team working on a self-driving car, according to people with knowledge of the matter. Moore is working on the effort’s software, reporting to Stuart Bowers, …

Bloomberg BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV helped the company offset output reductions due to the dearth of chips. Group earnings before tax surged 50% to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said, compared with an average analysts’ estimate of 2.5 billion …

Bloomberg Ferrari NV slightly raised its full-year profit target after the Italian supercar maker managed to dodge most of the supply-chain snarls weighing on mass-market automakers. Ferrari forecasts adjusted earnings before interest, taxes, depreciation and amortisation of about $1.76 billion for 2021 after a jump in third-quarter shipments and profit, it said. New Chief Executive Officer Benedetto Vigna is under …