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BMW black car

Germany fines BMW 8.5 mln euros over diesel emissions

25 February 2019, 4:23 PM

German prosecutors said Monday they had fined high-end carmaker BMW 8.5 million euros ($9.6 million) over diesel cars with higher harmful emissions than allowed, while adding the infraction was down to error rather than deliberate fraud.

Daimler, BMW win green light for car-sharing merger

19 December 2018, 4:51 PM

German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber.

BMW recalls over a million cars over exhaust system fire risk

24 October 2018, 9:40 AM

BMW said it was contacting sellers who would in turn get in touch with owners of the affected vehicles to arrange a checkup.

The so-called auto masterplan aims to bolster competitiveness and expand vehicle production in South Africa

South Africa poised to adopt plan to boost local car industry suppliers

18 October 2018, 4:55 PM

South Africa is likely to adopt new plans for the country’s car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday.

Elon Musk

Tesla stock sinks after Musk gives tearful NYT interview

18 August 2018, 7:47 AM

Tesla Inc’s (TSLA.O) shares slumped 9% on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for “extreme torture” from short sellers.

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