On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›
Warren Buffett-backed Chinese electric vehicle (EV) maker BYD is hiring engineers for its first overseas battery plant in Europe, said the company in a statement on Wednesday. BYD is aiming to position itself as an EV parts supplier in Europe…. Read More ›
Mercedes-Benz USA has agreed to pay $20 million in civil penalty over its handling of U.S. vehicle recalls following a year-long investigation by the U.S. government into the recall of 1.4 million vehicles. Under the terms of the settlement, Mercedes-Benz… Read More ›
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
There is a preference for larger, more efficient EVs that provide more milerange in the U.S. and Canada. Small two-person mini-cars are passe. In a significant development, German automaker Daimler AG stated, it will discontinue the tiny, two-person Smart cars,… Read More ›
Analysts have warned if Chinese-led projects in Indonesia fail to deliver, the likely hood of a shortfall in nickel will increase. On Thursday, an executive from Chinese battery and electric car maker BYD CO Ltd disclosed, securing sufficient quantities of… Read More ›
The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›
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