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TESLA-CHAIR

Tesla names director Denholm to replace Musk as board chair

Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker's wayward chief executive who has dragged the company through months of turbulence.

Paris Auto Show

BMW dented by upfront expenditure for new car launches

German carmaker BMW will deepen cost cuts after higher development expenses contributed to a 27 percent drop in third-quarter operating profit, falling short of analyst expectations as currency effects also took a toll.

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