SINGAPORE (July 22): BMW CEO Harald Krueger will bequeath a well-oiled machine when he steps down next year. The €44 billion ($67.2 billion) carmaker’s boss said on July 5 that he would not seek a second term after his current one runs out in May 2020. The big challenge for his successor — possibly production chief Oliver Zipse, according to Reuters — will be to tune up the company’s electric-vehicle strategy.

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