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BMW picks insider Zipse as CEO to catch up with rivals

4 days ago DieselGasoil Comments Off on BMW picks insider Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

4 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

4 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

GM’s mid-engine Corvettes roar onstage to take on Europeans

4 days ago DieselGasoil Comments Off on GM’s mid-engine Corvettes roar onstage to take on Europeans
TUSTIN, Calif. (Reuters) – General Motors Co (GM.N) unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment. Mark Reuss, president of General Motors Company, gestures next to the Read More

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

7 days ago DieselGasoil Comments Off on Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. FILE PHOTO: A logo of Tesla Motors on an electric car Read More

EV maker Tesla revamps prices in sales push

7 days ago DieselGasoil Comments Off on EV maker Tesla revamps prices in sales push
FILE PHOTO: Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake/File Photo BEIJING (Reuters) – U.S. electric carmaker Tesla Inc (TSLA.O) said on Tuesday it will change prices of its Model 3, X and S vehicles. The starting price for the Model 3 will be $30,315, down from $32,225, that Read More

Futures slip ahead of Powell’s testimony

2 weeks ago DieselGasoil Comments Off on Futures slip ahead of Powell’s testimony
(Reuters) – U.S. stock futures fell on Wednesday, as investors eyed Federal Reserve Chairman Jerome Powell’s remarks later in the day for clues on the central bank’s interest rate policy direction. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Powell begins his Read More

Wheels come off Mazda 3 in Australia: Over 3,000 cars recalled over defect

2 weeks ago DieselGasoil Comments Off on Wheels come off Mazda 3 in Australia: Over 3,000 cars recalled over defect
Australian authorities have issued a recall notice for over 3,000 new Mazda 3 vehicles, over concerns their wheels might loosen and fall off due to a potentially existing “small gap” between wheel studs and hubs. The problem affects 3,323 cars, sold between April 2018 and late June 2019, the watchdog Product Safety Australia said. During Read More

BMW seeks new CEO after Krueger announces 2020 retirement

3 weeks ago DieselGasoil Comments Off on BMW seeks new CEO after Krueger announces 2020 retirement
FRANKFURT (Reuters) – BMW (BMWG.DE) will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm. Harald Krueger, Chief Executive of German luxury carmaker BMW, addresses the company’s annual news conference Read More

S&P 500 hits record high on rising rate cut hopes

3 weeks ago DieselGasoil Comments Off on S&P 500 hits record high on rising rate cut hopes
(Reuters) – The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More