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7 things to know before the bell

5 days ago DieselGasoil Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More

ChargePoint sounds alarm on electric vehicle charging standards

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FRANKFURT (Reuters) – A leading operator of charging stations has sounded the alarm on a proposed technical standard that it says could hamper mass adoption of electric vehicles by making it harder to charge them at home or at work. FILE PHOTO: A ChargePoint station on display at the Frankfurt Motor Show (IAA) in Frankfurt, Read More

What’s at stake for Europe Inc in a trade spat with Washington

1 week ago DieselGasoil Comments Off on What’s at stake for Europe Inc in a trade spat with Washington
LONDON (Reuters) – Europe’s listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what’s at stake as global trade tensions grow and earnings and economic growth stall. A worker sweeps up the floor in preparation for a BMW press conference at the Los Angeles Read More

EU nations are living far beyond the Earth’s means: report

2 weeks ago DieselGasoil Comments Off on EU nations are living far beyond the Earth’s means: report
BRUSSELS (Reuters) – The European Union’s 28 countries consume the Earth’s resources faster than they can be renewed and none of them has sustainable consumption policies, a report released on Thursday said, as EU leaders met to discuss priorities for the next five years. FILE PHOTO: People walk past an EU flag design umbrella on Read More

Investments, legal charge put brakes on BMW

2 weeks ago DieselGasoil Comments Off on Investments, legal charge put brakes on BMW
FRANKFURT (Reuters) – BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. The European Commission last month told German carmakers they face hefty fines for alleged collusion in Read More

BMW CEO rules out taking Daimler stake as part of deeper alliance

2 weeks ago DieselGasoil Comments Off on BMW CEO rules out taking Daimler stake as part of deeper alliance
Harald Krueger, Chief Executive of German luxury carmaker BMW, addresses the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – BMW’s Chief Executive Harald Krueger on Tuesday said there are no plans for the Bavarian carmaker to take a stake in rival Daimler as the two carmakers continue talks Read More

BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

2 weeks ago DieselGasoil Comments Off on BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision
FRANKFURT (Reuters) – BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. FILE PHOTO: A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva, Read More

Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales

3 weeks ago DieselGasoil Comments Off on Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales
FRANKFURT (Reuters) – Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ($4.4 billion) from 4.2 billion a year earlier Read More

France, Germany to support battery cell consortium including PSA, Saft

3 weeks ago DieselGasoil Comments Off on France, Germany to support battery cell consortium including PSA, Saft
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann BERLIN (Reuters) – France and Germany have asked the European Commission to approve state subsidies for a cross-border Read More

Toyota to produce Lexus NX at Canada plant: sources

3 weeks ago DieselGasoil Comments Off on Toyota to produce Lexus NX at Canada plant: sources
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo OTTAWA (Reuters) – Toyota Motor Corp will invest hundreds of millions of dollars to produce its Lexus NX luxury crossover vehicle at a Canadian plant, sources said on Monday, offering relief to Read More