David McHugh

Government, Business, Technology, Fuel

European Carmakers Grow Charging Network for Electrics

An Ionity E super fast charging park in Altenburg, Germany An Ionity E super fast charging park, with a Volkswagen e-Golf at one of the stations, in Altenburg, Germany, on July 19, 2019. (Martin Schutt/dpa via Associated Press)

FRANKFURT, Germany — European automakers’ network of highway charging stations for battery-powered vehicles is taking shape ahead of an expected surge in electric car sales as manufacturers strive to meet new emission limits.

David McHugh | Associated Press
January 16, 2020
Government, Business, Technology, Fuel

Volkswagen Raises Forecast for Electric Car Production

Volkswagen logo Jens Meyer/Associated Press

FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned.

David McHugh | Associated Press
December 27, 2019
Government, Business, Fuel

OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices

OPEC sign OPEC sign at headquarters by Ronald Zak/AP

The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.

David McHugh | Associated Press
December 6, 2019
Government, Business

European Central Bank Deploys New Stimulus to Help Economy

Schüler AG in Goeppingen, Germany A worker cleans big machine parts of press manufacturer Schüler AG in Goeppingen, Germany. (Marijan Murat/dpa via AP)

FRANKFURT, Germany — The European Central Bank delivered a new blast of monetary stimulus Sept. 12 to help the shaky economy in the face of uncertainties such as the U.S.-China trade conflict and Brexit.

David McHugh | Associated Press
September 12, 2019
Government, Business

German Economy Shrinks Amid Trade Concerns, Auto Woes

Cars at harbor in Bremerhaven, Germany Cars for export and import are stored in front of containers at the harbor in Bremerhaven, Germany. (Martin Meissner/AP)

FRANKFURT, Germany — The German economy shrank by 0.1% in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe’s largest economy.

David McHugh | Associated Press
August 14, 2019
Business, Technology, Autonomous

BMW CEO Harald Krueger to Quit After Carmaker Loses Early Lead in Electrics

Harald Krueger Harald Krueger by Matthias Schrader/AP

FRANKFURT, Germany — BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate.

David McHugh | Associated Press
July 5, 2019
Business, Technology, Autonomous

BMW, Daimler Team on Automated Driving Technology

Harald Krueger and Dieter Zetsche BMW CEO Harald Krueger (left) and Daimler CEO Dieter Zetsche talk during a press conference in Berlin. (Bernd von Jutrczenka/dpa via AP)

FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.

David McHugh | Associated Press
February 28, 2019
Government, Business, Technology

Spending on Future Tech Eats Into BMW Profits

BMW headquarters in Munich, Germany BMW's headquarters in Munich. (Matthias Schrader/AP)

FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.

David McHugh | Associated Press
August 2, 2018
Government, Business, Fuel

Volkswagen Posts Profit Increase, Cautions Against ‘Protectionism’

Volkswagen logo on building Krisztian Bocsi/Bloomberg News

FRANKFURT, Germany — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins but warned that “growing protectionism” is a threat to the globally connected car industry.

David McHugh | Associated Press
August 1, 2018
Government, Business

European Economic Expansion Slows Amid Trade Fears

Boats on the river Main in Frankfurt, Germany Boats on the river Main in Frankfurt, Germany. (Michael Probst/AP)

FRANKFURT, Germany — Europe’s economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world’s major powers impose new tariffs on each other.

David McHugh | Associated Press
July 31, 2018