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Search results for "BMW"



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TV news crews robbed of cameras during live broadcasts

SAN FRANCISCO- News crews from two San Francisco Bay Area television stations were robbed at gunpoint and a cameraman was pistol whipped during live broadcasts on Thursday. The San Francisco Chronicle reports that the robbery and assault occurred at about 6 a.m. Thursday along the city's waterfront. Television and newspaper crews have been robbed in the San...
Source: The Associated Press
UPDATE 1-Fiat Chrysler to start Jeep production in India from 2017

*Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.
Source: Reuters | By: Aditi Shah
Jaguar XJ flagship is distinctive luxury style

An odd thing happened as Americans' taste for luxury vehicles grew in recent years: Jaguar, the venerable British marquee, struggled to gain traction. In fact, U.S. sales of Jaguar's flagship sedan, the XJ, are on pace for their slowest year since 2010.. In contrast, BMW and Audi use singular control dials and Lexus has a movable cursor, both of which can be faster to...
Source: The Associated Press | By: By ANN M. JOB, For The Associated Press
PREVIEW-New VW brand boss faces challenge of taming Wolfsburg's high costs

BERLIN/ FRANKFURT, June 30- When Herbert Diess takes over on Wednesday as head of Volkswagen's namesake car brand, he will inherit one of the group's biggest problems: how to slash costs at the sprawling Wolfsburg complex. Diess summarized his views on Wolfsburg in a scathing internal report, telling superiors the plant's workforce of 50,000 is bloated with...
Source: Reuters | By: Andreas Cremer and Edward Taylor
Consumer Reports finds some newer cars burn too much oil

DETROIT- Newer cars aren't supposed to need more oil between oil changes, but Consumer Reports found that some engines- mainly from Audi, BMW and Subaru- require an extra quart as often as once a month. In an annual survey of car owners, significant numbers reported what the magazine considered to be excessive oil consumption. "The companies should be willing to step...
Source: The Associated Press
UPDATE 1-Germany's BMW among suitors for $6.4 bln ANZ car finance unit -source

*Australia's banks selling down assets to raise capital. SYDNEY, June 29- Germany's BMW AG, Australia's Macquarie Group and a host of U.S. private equity firms are expected to bid for Australia and New Zealand Banking Group's more than $6 billion car and equipment loan book, a source said on Monday. The automaker and Australia's top investment bank have requested...
Source: Reuters | By: Byron Kaye and Swati Pandey
'Nein Danke' - smaller German firms see U.S. trade deal as threat

BERLIN, June 28- Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic. But instead she fears the Trans Atlantic Trade and Investment Partnership being hammered out between...
Source: Reuters | By: Caroline Copley
Tesla's China plans  

Tesla reportedly is establishing 7 supercharging networks in China in the second half of the year. Insight, with Roberto Baldwin, Engadget senior editor.
Source: CNBC.com
BMW's car-share service says 38 pct of clients abandon ownership

COLOGNE, June 26- More than a third of clients who tried BMW's DriveNow car-sharing business sold their car and only 20 percent were determined to hold on to their privately owned vehicles, the head of the scheme said on Friday. Sebastian Hofelich, who became chief executive of DriveNow in April, said the short-term rental service was helping to displace...
Source: Reuters
40% of industry leaders fail in next 5 years: Survey

A new survey finds business leaders believe four out of 10 top-ranked companies in their industries worldwide won't survive the next five years.
Source: Reuters