FRANKFURT (Reuters) – Daimler (DAIGn.DE) Chief Executive Dieter Zetsche said the introduction of the new WLTP emissions testing procedure was causing delays getting Mercedes-Benz vehicles certified for road worthiness, distorting supply and demand. Daimler CEO Dieter Zetsche gives a speech at the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke “We… Continue reading Daimler CEO says weaker Mercedes prices tied to WLTP bottlenecks
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UPDATE 4-Daimler braced for emissions-test impact as profit weakens
PARIS/FRANKFURT (Reuters) – Mercedes maker Daimler (DAIGn.DE) blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Earnings before interest and… Continue reading UPDATE 4-Daimler braced for emissions-test impact as profit weakens
Daimler to build battery factories in Sindelfingen, Untertuerkheim
FRANKFURT (Reuters) – Daimler AG on Wednesday said it will add battery manufacturing capabilities to its Mercedes-Benz plants in Sindelfingen and Untertuerkheim, as the carmaker seeks to transition from combustion to electric cars. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke The battery deal… Continue reading Daimler to build battery factories in Sindelfingen, Untertuerkheim
Daimler’s workers to defend jobs if tariffs force production shift
FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018.… Continue reading Daimler’s workers to defend jobs if tariffs force production shift
Ford creates new self-driving vehicle unit
(Reuters) – Ford Motor Co said on Tuesday it created a new unit called Ford Autonomous Vehicles LLC as it looks to accelerate its autonomous vehicle business. FILE PHOTO: The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse The No.… Continue reading Ford creates new self-driving vehicle unit
Volkswagen poaches BMW engine development expert Duesmann
BERLIN (Reuters) – Volkswagen (VOWG.DE) has recruited BMW (BMWG.DE) engine development and purchasing expert Markus Duesmann, it said on Tuesday, bolstering its management board with a potential candidate for the CEO vacancy at its Audi premium brand. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference… Continue reading Volkswagen poaches BMW engine development expert Duesmann
VW to temporarily park cars due to new emissions testing bottlenecks
BERLIN (Reuters) – Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday. A worker fixes the Volkswagen logo outside the new car plant in Kigali, Rwanda June 27, 2018. REUTERS/Clement Uwiringiyimana – RC11C0607830 Carmakers are rushing… Continue reading VW to temporarily park cars due to new emissions testing bottlenecks
Germany aiming for decision on diesel retrofits by end-Sept -Merkel
BERLIN (Reuters) – Chancellor Angela Merkel said on Friday the German government did not yet have a common position on whether diesel cars needed to be retrofitted with catalysts but hoped to come to a decision by the autumn. German Chancellor Angela Merkel gestures as she holds the annual summer news conference in Berlin, Germany,… Continue reading Germany aiming for decision on diesel retrofits by end-Sept -Merkel
UPDATE 1-Volkswagen to furlough 1,000 workers in Brazil as sales slow -union
SAO PAULO (Reuters) – Volkswagen AG (VOWG_p.DE) will furlough about 1,000 workers at its largest factory in Brazil, union representatives said on Thursday, due to weaker economic growth and slumping exports to Argentina. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt/File… Continue reading UPDATE 1-Volkswagen to furlough 1,000 workers in Brazil as sales slow -union
Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern
LONDON/TOKYO (Reuters) – Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. FILE PHOTO: A Panasonic Corp’s lithium-ion battery,… Continue reading Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern