Bloomberg BMW AG will raise its earnings forecast for the year because it expects an antitrust fine from European Union will be much smaller than anticipated two years ago. The automaker said it will get a roughly $1.2 billion boost to earnings this quarter from revaluing a provision for an EU fine over allegations that it colluded with its German ...

Bloomberg Shortages in the semiconductor industry, which have already slammed automakers and consumer electronics companies, are getting even worse, complicating the global economy’s recovery from the coronavirus pandemic. Chip lead times, the gap between ordering a chip and taking delivery, increased to 17 weeks in April, indicating users are getting more desperate to secure supply, according to research by Susquehanna ...

Bloomberg Jaguar Land Rover’s (JLR) Indian owner reported a pretax profit in three months through March as a recovery in Chinese demand lifted sales of the automaker’s luxury sports cars and SUVs. Tata Motors Ltd posted fourth-quarter earnings of 57 billion rupees before tax and one-time items, rebounding from a loss of 65 billion rupees a year earlier. Revenue soared ...