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BMW plans to cut costs after warning on profits

1 hour ago DieselGasoil Comments Off on BMW plans to cut costs after warning on profits
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said Read More

Senegalese man sets Italian school bus on fire with children on board (PHOTOS, VIDEO)

3 hours ago DieselGasoil Comments Off on Senegalese man sets Italian school bus on fire with children on board (PHOTOS, VIDEO)
The driver of a school bus filled with children has been arrested by Italian police for setting fire to the vehicle near Milan. The Senegalese man reportedly called for an end to “deaths in the Mediterranean” during the incident. Miraculously all 51 schoolboys managed to escape the fire without injuries, although 12 children and two Read More

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

4 hours ago DieselGasoil Comments Off on BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts

7 hours ago DieselGasoil Comments Off on BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts
MUNICH (Reuters) – BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

BMW warns of significant profit fall in 2019, seeks 12 billion euros in cuts

7 hours ago DieselGasoil Comments Off on BMW warns of significant profit fall in 2019, seeks 12 billion euros in cuts
MUNICH (Reuters) – BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

Armed gang raids convoy carrying uranium fuel to Brazil nuclear plant

16 hours ago DieselGasoil Comments Off on Armed gang raids convoy carrying uranium fuel to Brazil nuclear plant
A truck carrying nuclear fuel to one of Brazil’s power plants has come under attack by a group of armed men who engaged in a shootout with police officers guarding the convoy. The uranium shipment came under attack on Tuesday in the town of Frade, about 30 km (19 miles) from Angra dos Reis, where Read More

Tesla ‘would love’ to enter India’s car market – CEO Elon Musk

1 day ago DieselGasoil Comments Off on Tesla ‘would love’ to enter India’s car market – CEO Elon Musk
Billionaire chief executive of electric carmaker Tesla Elon Musk has vowed that his company will hit the Indian car market as early as this year. “Would love to be there this year. If not, definitely next!” Musk said in a Twitter post, responding to a question about Tesla’s long-delayed entry to India. The claims come Read More

Ship owners worry about clean fuel bill as ports ban 'scrubbers'

1 day ago DieselGasoil Comments Off on Ship owners worry about clean fuel bill as ports ban 'scrubbers'
LONDON (Reuters) – More ports around the world are banning ships from using a fuel cleaning system that pumps waste water into the sea, one of the cheapest options for meeting new environmental shipping rules. FILE PHOTO: Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su/File Photo The growing number of destinations Read More

New Zealand 'will give gunman nothing – not even his name', PM vows

1 day ago DieselGasoil Comments Off on New Zealand 'will give gunman nothing – not even his name', PM vows
New Zealand’s prime minister has promised to deny the mosque terror attacker notoriety, saying she will never to refer to him by name. Jacinda Ardern was speaking as parliament met for the first time since 50 people were killed in Christchurch on Friday. “He sought many things from his act of terror, but one was Read More

'I'll never mention mosque killer's name', vows NZ leader

1 day ago DieselGasoil Comments Off on 'I'll never mention mosque killer's name', vows NZ leader
New Zealand’s prime minister has promised to deny the mosque terror attacker notoriety, saying she will never to refer to him by name. Jacinda Ardern was speaking as parliament met for the first time since 50 people were murdered in Christchurch on Friday. “He sought many things from his act of terror but one was Read More