Bloomberg California sued the Trump administration over the government’s decision to withdraw a grant of almost $1 billion that would have funded a high-speed rail project, suggesting the move was a political response to the state’s challenge of the president’s declaration of an emergency on the southern border. The Federal Railroad Authority announced it would cancel the grant on February ...

Bloomberg BMW AG Chief Executive Officer Harald Krueger’s job is on the line over concerns he’s not aggressive enough in steering the luxury carmaker’s titanic shift towards electric and autonomous vehicles, people familiar with the matter said. Some supervisory board members are questioning whether he’s the right choice to lead the company and will discuss the CEO’s second-term prospects in ...

Bloomberg Departing Daimler AG Chief Executive Officer Dieter Zetsche promised cost cuts and an efficiency drive to restore profit margins as the man who steered the Mercedes-Benz carmaker for more than a decade leaves his successor to tackle unprecedented industry upheaval. “We cannot and will not be satisfied with the current level of profitability,” Zetsche said on Wednesday at the ...