U.S. National Highway Traffic Safety Administration (NHTSA) says BMW North America LLC is recalling 720,796 vehicles in the United States.

On Nov 12 in Chongqing, China Changan Automobile Group Co. and China CITIC Group Co. signed a strategic cooperation agreement. Following the main agreement, Changan subsidiaries Changan Qiyuan, Deep Blue Auto and Changan Kaicheng each signed a business cooperation framework agreement with CITIC Bank.

Nov 12 — The Baltic Dry Index rose for a seventh consecutive session, up 61 pts (2.13%) to 3,020, its highest since Oct. 5. The Capesize index (BCI) gained 136 pts (2.9%) to 4,836, highest since Oct. 2; Capesize daily earnings rose $1,232 to $40,357. The Panamax index (BPI) added 14 pts (0.7%) to 2,117, highest since Oct. 22; Panamax daily earnings rose $131 to $19,054. The Supramax index (BSI) climbed 21 pts (1.2%) to 1,831, a one‑week high. The Handysize index (BHSI) was up 6 pts at 1,042.