Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo BERLIN, Nov 11 (Reuters) – Daimler Truck will spin off from Daimler (DAIGn.DE) on Dec. 10, the commercial vehicle maker said on Thursday, forecasting a 2021 return on sales of 6-8% and aiming for 9% adjusted… Continue reading Daimler Truck expects 6-8% return on sales in 2021
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Technology · 12:37 PM UTCNorth American companies rush to add robots as demand surgesCompanies in North America added a record number of robots in the…
Robots are seen inside the Ocado warehouse in Erith, London, Britain, October 13, 2021. REUTERS/Paul Childs/File Photo Nov 11 (Reuters) – Companies in North America added a record number of robots in the first nine months of this year as they rushed to speed up assembly lines and struggled to add human workers. Factories and… Continue reading Technology · 12:37 PM UTCNorth American companies rush to add robots as demand surgesCompanies in North America added a record number of robots in the…
DisruptedJapan’s Subaru unveils first all-electric car, developed with Toyota6:54 AM UTC
Subaru Corp. President and CEO Tomomi Nakamura stands next to the first all-electric vehicle (EV) Solterra during an unveiling event in Tokyo, Japan November 11, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO, Nov 11 (Reuters) – Japan’s Subaru Corp (7270.T) on Thursday unveiled it first all-electric vehicle (EV), the Solterra,… Continue reading DisruptedJapan’s Subaru unveils first all-electric car, developed with Toyota6:54 AM UTC
Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC
Nov 10 (Reuters) – Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world’s biggest initial public offering this year. Rivian shares closed at $100.73, marking a nearly 30% jump from… Continue reading Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC
TechnologyU.S. sues Uber over alleged disability discrimination4:54 AM UTC
WASHINGTON, Nov 10 (Reuters) – The U.S. Justice Department on Wednesday sued Uber Technologies Inc (UBER.N) over allegations of overcharging disabled passengers, and asked a federal court to order compliance with an anti-discrimination law. The lawsuit, filed in the U.S. District Court in San Francisco, targets an April 2016 Uber policy of charging passengers “wait… Continue reading TechnologyU.S. sues Uber over alleged disability discrimination4:54 AM UTC
Daimler unwinds cross-ownership with Renault stake sale
By Ludwig Burger 2 Min Read FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke//File Photo FRANKFURT (Reuters) -German carmaker Daimler said on Wednesday its pension trust would sell the shares it holds in French partner Renault, unwinding cross-shareholdings, but added that its… Continue reading Daimler unwinds cross-ownership with Renault stake sale
Technology · 3:13 PM UTCAI chip startup Cerebras Systems raises $250 million in fundingCerebras Systems, a Silicon Valley-based startup developing a m…
Nov 10 (Reuters) – Cerebras Systems, a Silicon Valley-based startup developing a massive computing chip for artificial intelligence, said on Wednesday that it has raised an additional $250 million in venture funding, bringing its total to date to $720 million. The Cerebras chip is about the size of a dinner plate, much larger than the… Continue reading Technology · 3:13 PM UTCAI chip startup Cerebras Systems raises $250 million in fundingCerebras Systems, a Silicon Valley-based startup developing a m…
Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030
By Ben Klayman, Paul Lienert 4 Min Read DETROIT (Reuters) – Electric vehicle startup Rivian Automotive Inc plans to be building at least one million vehicles annually by the end of the decade, its chief executive said on Tuesday, as it sets its sights on market leader Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old… Continue reading Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030
Tesla shares steady after two-day rout wipes out $200 bln in market cap
By Reuters Staff 2 Min Read Nov 10 (Reuters) – Tesla Inc shares edged higher on Wednesday, following a two-day rout that saw the electric-car maker shed as much as $200 billion in market capitalization. The selloff was spurred by company chief Elon Musk’s poll over the weekend asking his Twitter followers if he should… Continue reading Tesla shares steady after two-day rout wipes out $200 bln in market cap
Daimler’s CEO – major chip makers say shortage will be solved in 2023
CEO of Mercedes-Benz Ola Kallenius arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The Golden Steering Wheel) in Berlin, Germany, November 9, 2021. REUTERS/Michele Tantussi BERLIN, Nov 10 (Reuters) – Daimler AG’s top executive said on Wednesday that while the company was committing to a COP26 agreement to phase out fossil… Continue reading Daimler’s CEO – major chip makers say shortage will be solved in 2023