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Oliver Zipse, board member of German luxury carmaker BMW attends the...

BMW promotes Oliver Zipse to CEO

German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.

FILE PHOTO: A long exposure picture shows cars of Swedish automobile...

Volvo Cars to cut costs as trade war dents profits

Volvo plans to cut fixed costs by 2 billion Swedish crowns (£171.74 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.

An assembly line worker works on the production line at Renegade RV...

Trump's tariffs trip up the all-American RV industry

Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.

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