newszine

Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021

10 hours ago DieselGasoil Comments Off on Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021
(Reuters) – Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent. FILE PHOTO: Signage for the New York Marriott Marquis is seen in Manhattan, Read More

'Severe unintended consequences': OPEC threatens to kill US shale

3 days ago DieselGasoil Comments Off on 'Severe unintended consequences': OPEC threatens to kill US shale
OPEC is ready to produce at full capacity if the NOPEC (No Oil Producing and Exporting Cartels Act) bill is passed in Washington, an action that would likely kill the cash intensive US shale industry. The oil minister of the UAE, Suhail al-Mazrouei, reportedly told lenders at the meeting that if the bill was made Read More

BMW, Varta apply for funds in battery cell push for e-cars

3 days ago DieselGasoil Comments Off on BMW, Varta apply for funds in battery cell push for e-cars
HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, Read More

BMW applies for funds for battery cell research: spokesman

3 days ago DieselGasoil Comments Off on BMW applies for funds for battery cell research: spokesman
FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau HAMBURG (Reuters) – German luxury carmaker BMW has applied for state funding of research and development in the field of battery cells, a spokesman said on Friday, adding this does Read More

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

4 days ago DieselGasoil Comments Off on Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief Executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would Read More

Tesla unveils Model Y SUV as electric vehicle competition heats up

4 days ago DieselGasoil Comments Off on Tesla unveils Model Y SUV as electric vehicle competition heats up
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March Read More

Indonesia plans tax changes to drive output, exports of greener cars

1 week ago DieselGasoil Comments Off on Indonesia plans tax changes to drive output, exports of greener cars
JAKARTA (Reuters) – Indonesia plans to revise its luxury tax scheme for cars to encourage production of environmentally friendly vehicles and to help promote Southeast Asia’s biggest economy as a regional hub for exports, ministers said on Monday. FILE PHOTO: A view of a traffic roundabout in the central business district before the lights were Read More

Airbnb buys HotelTonight in deeper expansion into hotel-booking business

2 weeks ago DieselGasoil Comments Off on Airbnb buys HotelTonight in deeper expansion into hotel-booking business
SAN FRANCISCO (Reuters) – Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering. FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Read More

Hugo Boss expects strong growth in Asia and online

2 weeks ago DieselGasoil Comments Off on Hugo Boss expects strong growth in Asia and online
Protesters wearing yellow vests gather in front of a Hugo Boss store during a demonstration by the “yellow vests” movement in Paris, France February 9, 2019. REUTERS/Gonzalo Fuentes/File Photo BERLIN (Reuters) – German fashion house Hugo Boss said it expected its operating profit to rise faster than sales in 2019, predicting strong momentum in its Read More

To the Batmobile! Bugatti’s new $19mn ‘hypercar’ sets new price record (PHOTOS)

2 weeks ago DieselGasoil Comments Off on To the Batmobile! Bugatti’s new $19mn ‘hypercar’ sets new price record (PHOTOS)
Luxury automaker Bugatti had barely unveiled its new sports car when the vehicle was purchased by a mystery buyer for an unprecedented €16.7 million ($19 million). The new supercar, named La Voiture Noire, was publicly debuted on Tuesday at the Geneva International Motor Show in Switzerland. The amount spent by an unknown German on the Read More