Latest News Updates From David McHugh

FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17.

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.

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.

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.

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.

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.

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.

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.

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.

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.