Tesla Plans Self-Driving Taxi Fleet

Tesla Inc. Chief Executive Elon Musk made his case for an on-demand robot taxi fleet that he promised would begin next year, an ambitious bet that would thrust the auto maker into the cutthroat business of ride-hailing.
 In a presentation on Monday to investors and analysts at company headquarters in Palo Alto, Calif., the billionaire entrepreneur said that by the middle of next year more than a million

Hyundai, Subaru, Toyota Keep SUVs in the Spotlight

The sport-utility vehicle is taking center stage at the New York International Auto Show, with car companies showing off new models of all shapes, sizes and price points.
 In recent years, auto makers have focused many of their auto-show debuts on SUV offerings, reflecting a shift among American buyers away from sedans to larger, more expensive vehicles.

Musk Talks of Future as Sales Sink

As Tesla Inc. faces questions about whether demand for the Model 3 compact car is slowing, Chief Executive Elon Musk wants investors to focus on the auto maker's road much farther ahead: vehicles driving themselves in a robot-taxi fleet.
 Mr. Musk is gathering investors Monday to reveal the electric-car maker's latest efforts to develop self-driving car technology and his strategy for deploying it. The presentation at the company's Palo Alto, Calif., headquarters is scheduled two days before Tesla reports quarterly

He Celebrated Turning 80 With 125 Push-Ups

MOST PEOPLE celebrate birthdays with cake. Fred Beans recently celebrated his 80th birthday by knocking out 125 push-ups. The annual challenge, which he started eight years ago, motivates him to keep fit throughout the year.
 Mr. Beans has never considered retiring. He founded his eponymous car dealership business in Doylestown, Pa., in 1959 with just one employee. Today, he owns 20 dealerships in southeastern Pennsylvania and employs 1,750 people.

What You Need to Be on the Fed - and It Isn't a Ph.D.

Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that's a virtue, not a vice.
 In these populist times, knowing too much economics means you're out of touch, arrogant and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are run mostly by professional economists.

BMW Takes Hit on Emissions Costs

BERLIN — Shares in BMW AG fell by as much as 6% on Tuesday after the luxury car maker warned that emissions- related costs, product recalls and fierce price competition amid global trade disputes would dampen profit this year.
 BMW said the main reason for the dimmer outlook was the cost of adjusting to new global rules for emissions testing to measure pollutants, greenhouse-gas emissions, and fuel economy.

Truckmakers stuck in slow lane on switch to electric

The Hanover truck and bus show feels deceptive. Everywhere one walks, electric and hybrid trucks and buses roam, giving the impression that new technology is on the ascendant.
But on the roads in the real world it is a different story, where diesel technology dominates. Of heavy-duty trucks sold in Europe so far this year, 97per cent are diesel; for camper vans, it is 100 per cent, according to data from Jato Dynamics.

Zetsche steps down early as Daimler plans ahead for 2020 restructuring

Dieter Zetsche, Daimler's chief executive, will step down next year as part of the German carmaker's response to upheaval in the sector, setting the stage for its2020restructuring. The parent of brands including Mercedes said yesterday that Mr Zetsche, who has led Daimler since 2006, would be replaced by Ola Kallenius, a board member who oversees research and development.

Research Chief to Be Next Daimler CEO

BERLIN—Mercedes-Benz owner Daimler AG said longtime Chief Executive Dieter Zetsche would stand down next year and be succeeded by its research-and-development chief, who has been leading the car maker's push into electric vehicles and self-driving cars.
 The appointment of Ola Källenius marks a changing of the guard at the German auto maker at a time when its sales have slowed and, like much of the car industry, it grapples with technology-driven changes and a fragile global economy.

Cadillac Heads Back to Detroit

General Motors Co. is moving its Cadillac headquarters back to Detroit, nearly four years after relocating the luxury brand's home base to New York City's SoHo neighborhood. Steve Carlisle, a longtime GM executive who took over Cadillac in April, confirmed the move, saying he wants the brand's leaders to be closer to GM's vehicle design and engineering hub in suburban Detroit, especially as GM prepares to roll out several new Cadillac models in coming years.