Author: Automotive News n Feed

BMW reported its weakest profitability since 2010, capping a negative year for CEO Harald Krueger after the brand lost the industry sales crown to rival Mercedes. Amid higher spending on technology, BMW’s automotive profit margin fell to 8.

Uber’s Gary Marcus is stepping down from his post as head of AI Labs, four months after the unit was created.

BMW reported its weakest profitability since 2010, capping a negative year for CEO Harald Krueger after the brand lost the industry sales crown to arch-rival Mercedes-Benz.

Bentley is due to make its next major UK investment decision on a new model around the start of next year and unfettered access to Europe is vitally important after Brexit, CEO Wolfgang Duerheimer said.

Pagani’s latest $2.4 million, hand-built supercar, the Huayra Roadster, has made its public debut at the Geneva auto show after six years of development. The car has already sold out its limited production run of 100 units.

Lamborghini is open to a full-electric addition to its lineup, CEO Stefano Domenicali said, evidence that parent VW Group’s interest in producing zero-emission vehicles could extend to the very top end of its brands.

Uber is working to mend its relationship with regulators as pressure mounts for the company to improve its business practices and temper CEO Travis Kalanick’s aggressive leadership style.

WikiLeaks documents showing the Central Intelligence Agency considered a “mission” against connected car technology underscores auto industry concern that the science behind the next generation of vehicles could be turned against them.

When Smart announced that it would sell only electric vehicles in the U.S. and Canada some wags wondered whether it was the beginning of a broader retreat for the brand.