VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe

Volkswagen Group expects to be fined by the European Union this year for failing to achieve its CO2-reduction target for its new-car fleet — despite the automaker’s deal to pool emissions with Chinese-owned UK brand MG Motor. “We cannot provide a clear commitment at this point that we will achieve compliance. It will be a… Continue reading VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe

Mercedes would have been “crazy” to quit F1, says CEO Kallenius – Autosport

Mercedes CEO Ola Kallenius says the German manufacturer would have been “crazy” to quit Formula 1 based on the direction it is heading. With teams needing to commit to a new Concorde Agreement heading in to 2021, all the current outfits went through an evaluation process this year about whether or not remaining in F1… Continue reading Mercedes would have been “crazy” to quit F1, says CEO Kallenius – Autosport

GM Delays Closing $2 Billion Nikola Deal As Founder Scandal Escalates – Observer

Nikola and GM won’t close the $2 billion deal on time. Nikola Corp Hydrogen electric truck startup Nikola is facing more troubles as the company grapples with the fallout of recent short-seller attacks and the abrupt resignation of founder and chairman Trevor Milton. Nikola’s latest investor and manufacturing partner, General Motors, seems to be reconsidering the… Continue reading GM Delays Closing $2 Billion Nikola Deal As Founder Scandal Escalates – Observer

Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto

The head of Mercedes-Benz denies the automaker is planning to take a controlling stake in Aston Martin. In an interview with Wards following the presentation of a new brand strategy this week, Mercedes-Benz CEO Ola Kallenius firmly squelched rumors the company was set to increase its stake in the traditional U.K. sports car maker, in… Continue reading Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto

Mercedes maps out push to lift profits during electric-car shift – BNN

Mercedes-Benz, which has fixated for years on leading the auto industry in luxury-vehicle sales, will put less emphasis on volume and restructure its operations to be more profitable in the midst of a costly shift to electric cars. Daimler AG’s main division will aim for a return on sales in the mid to high single-digit… Continue reading Mercedes maps out push to lift profits during electric-car shift – BNN

Ineos in link to Mercedes Formula 1 buy-in – Motor1 UK

Former grand prix boss Eddie Jordan fuelled speculation about the move in an interview with the Mail on Sunday, as he suggested that Ineos and its CEO was about to launch a £700 million buyout of the Mercedes F1 team. Jordan said: “The ownership of the team is going to be taken over by Sir… Continue reading Ineos in link to Mercedes Formula 1 buy-in – Motor1 UK

GM CEO Mary Barra: Our $2 billion deal with Nikola ‘validates’ our electric vehicle technology – Yahoo Tech

TipRanks Oppenheimer: These 2 Stocks Are Poised to Surge by Over 100% When it comes to the market’s wild swings, is the glass half empty or half full? Oppenheimer’s chief investment strategist John Stoltzfus is taking the latter view.Despite the volatility that has ruled the market over the last few weeks, Stoltzfus actually likes what… Continue reading GM CEO Mary Barra: Our $2 billion deal with Nikola ‘validates’ our electric vehicle technology – Yahoo Tech