BUSINESS

Photo Credit: BMW

BMW has announced a comprehensive global recall affecting a staggering 371,756 vehicles due to a critical fault in their integrated braking system. This extensive recall spans a diverse range of BMW’s model series, from the compact 2 Series Active Tourer and X1 to the robust SUV lines such as the X3, X4, X5, X6, and X7, and extends to the high-end 5 and 7 Series sedans, including the performance M models and electric vehicles like the iX1, i5, and i7.

Photo Credit: Volkswagen

As Volkswagen gears up to celebrate the 50^th anniversary of the iconic Golf model, the automotive world is abuzz with anticipation for the unveiling of a new Golf GTI variant. The announcement, teased by CEO Thomas Schäfer, promises a reveal date of May 31, during the prestigious Nurburgring 24 Hours event.

Photo Credit: Disney

In the world of cinematic magic, not all spells cast a profitable enchantment. Disney’s animated feature ‘Wish’ serves as a testament to this reality, having conjured up a global box office of nearly $255 million. Despite this seemingly impressive figure, the film is labeled a financial disappointment, with a reported net loss of $131 million.

Photo Credit: EU

The Dutch online travel giant Booking.com on Monday, was added to the European Union's list of digital companies that are big enough to fall under tougher competition rules.

Photo Credit: Nissan Motor Corp

On Thursday, Nissan said it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year.

Photo Credit: Honda

Honda, a Japanese auto giant, on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.