Business, Equipment

Daimler May Need to Cut More Jobs Than Announced

Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview.

Oliver Sachgau | Bloomberg News
July 13, 2020
Government, Business, Technology, Autonomous

BMW Fourth-Quarter Profit Increases on Luxury-Car Sales

BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.

Oliver Sachgau | Bloomberg News
March 12, 2020
Government, Business, Technology, Fuel

Germany Edges Out Norway as Europe’s Biggest Electric Car Market

Germany has pulled ahead of Norway for sales of all-electric cars since the start of the year, putting Europe’s biggest auto market in position to become the regional leader on an annual basis for the first time.

Oliver Sachgau | Bloomberg News
December 9, 2019

BMW Names Production Chief Oliver Zipse as New CEO

BMW AG promoted production chief Oliver Zipse to chief executive officer, resetting its leadership to catch up with rivals in the transition to an era of self-driving, electric cars.

Oliver Sachgau | Bloomberg News
July 18, 2019
Business, Technology, Logistics

Ford to Cut 20% of European Workforce in Sweeping Overhaul

Ford Motor Co. will eliminate about 20% of its workforce across Europe in a sweeping overhaul to tackle the carmaker’s falling sales in the region and lift weak profitability.

Oliver Sachgau | Bloomberg News
June 27, 2019
Business, Logistics

BMW Factory Caught in Trump’s Mexican Standoff

President Donald Trump’s vow to impose a 5% tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week.

Oliver Sachgau | Bloomberg News
May 31, 2019
Business, Technology

Germany’s First ‘Electric’ Highway Charges Trucks as They Drive

Germany opened the first stretch of a so-called electric highway that will connect hybrid trucks to overhead wires, allowing them to recharge while traveling on the country’s main transportation arteries.

Oliver Sachgau | Bloomberg News
May 13, 2019
Business, Technology, Logistics

Tesla CEO Elon Musk Correctly Called European Slump for April

Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results.

Oliver Sachgau | Bloomberg News
May 3, 2019
Business, Technology, Logistics

BMW Pushes on With UK-Made Electric Minis as Brexit Looms

BMW AG will start production of an electric Mini model in the U.K. later this year even as carmakers grapple with the implications of the latest twist to Britain’s exit from the European Union.

Oliver Sachgau | Bloomberg News
March 20, 2019