Government, Business

European Central Bank Deploys New Stimulus to Help Economy

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

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

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

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

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’

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

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