APRNEWS - German high-end carmaker BMW on Thursday reported a dip in quarterly profits after ramping up spending on electric and self-driving cars.

But the group confirmed its full-year outlook, saying its focus on future technology would help see it through “challenging times” as global trade tensions mount.

REUTERS - BMW (BMWG.DE) said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a center for premium car manufacturing in the region.

REUTERS - Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.

Financial terms of the deal and the identity of the automaker were not disclosed.

AFP - Mercedes-Benz said Monday it had defended its top spot as the world's biggest luxury carmaker in 2017, with a surge in sales, particularly in China, enabling it to clock up another record year.