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German carmakers to invest 60 billion euros in electric cars and…

FRANKFURT (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest ... More »

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BMW says big industry investments may spur consolidation

Harald Krueger, Chief Executive of German luxury carmaker BMW, gives a speech during the Handelsblatt Automotive Summit 2016 in Munich, southern Germany, November 9, 2016. REUTERS/Michael Dalder BMW (BMWG.DE) CEO Harald Krueger said the big investments needed ... More »