Germany's carmaker BMW hit record sales of 2.5M vehicles last year, Pieter Nota, the company's sales chief, reported on Wednesday, adding he was optimistic about the BMW's outlook in 2020.
Luckin Coffee stated it was seeking expansion into vending machines, shifting more of its focus to the Chinese market after overrunning Starbucks Corp as the country's largest coffee chain by the number of stores.
CITIC Group, China's state-owned conglomerate, is planning its 42.3% stake sale in Fast Food Holdings, the group that holds Chinese operations of McDonald's, seeking to raise at least $312M.
US and EU aviation regulators announced on Tuesday that they would meet with representatives of Boeing to wrap up a 737 MAX audit.
On Tuesday, the US President Donald Trump stated that he had spoken about oil and stability in the region with the Vice Defence Minister of Saudi Arabia Khalid bin Salman.
In the aftermath of the start of the US-Iran tensions, crude oil price benchmarks declined. By the end of US trading, oil price benchmarks had fallen by one percent.
During Tuesday's US trading session, the US Dollar recovered losses that were suffered at the start of US-Iranian tensions.
On Tuesday, the US President Donald Trump had a phone conversation with the German Chancellor Angela Merkel is regarding the situation with Iran, while the Russian President Vladimir Putin paid a visit to Damascus and then flew to Turkey to meet with Erdogan.
Crude oil prices plunged 57 cents or 0.9% on Tuesday, reaching $62.70 a barrel, amid a continuing escalation of the situation in the Middle East between the US and Iran.
China's Realme shipped 25M smartphones last year, seeking to double its reading to 50M in 2020, the phone maker reported on Tuesday during the launch of the company's first 5G device.
Toyota Motor Corp is planning to construct the "city of the future" prototype, located at the Japanese Mt. Fuji's base and powered by the hydrogen fuel cells, while functioning as the laboratory for self-driving cars, AI and other technologies.
Volkswagen is seeking over $112M in damages from its former supplier Prevent, filing its first claim for one of Prevent's subsidiaries, the carmaker announced on Tuesday.
Investors are suing Germany's Daimler for $1.0B, accusing the automaker of concealing its emissions-cheating software use, the German law company TILP stated on Tuesday.
Sony Corp is set to launch testing its self-driving cars this year to boost the tech giant's safety and sensing technologies, as the Japanese company accelerates the automotive push.
American Airlines Group reached a settlement with Boeing Co to address damages incurred by the airline last year amid the Boeing 737 MAX planes' ongoing grounding.
During Tuesday's European trading hours, global stock indices surged, as the anxiety caused by Middle East tensions decreased.
Elon Musk has presented Tesla's Model Y electric SUV programme at the carmaker's new $2.0B Shanghai plant on Tuesday, according to Reuters.
On Tuesday, Eurozone inflation data was published. The data revealed that in December prices rose by 0.3% on a monthly basis.
General Motors Co's China vehicle sales in 2019 fell 15% from 3.09M units year earlier due to a decline in overall auto sales caused by a slowing economy, the carmaker reported on Tuesday.
Uber Technologies, the US ride-hailing firm, is partnering South Korea's carmaker Hyundai Motor over developing electric air taxis, participating in the global race of making small self-flying vehicles to weaken urban congestion.
Ford Motor reported a 1.3% drop in its Q4 cars sales, as lowering demand for passenger vehicles outweighed the pick-up trucks' higher sales.
On Monday, Qualcomm Inc has launched its computing system for self-driving cars designed to handle lane controls, full autonomous and more, seeking to hit roads by 2023.
On Monday, the price of gold reached a seven year high level by shortly fluctuating at the 1,588.00 level.
During Monday's trading, the US Dollar recovered against the Japanese Yen. Namely, the US-Iran tensions caused a run to safety, which reversed on Monday.