By Paul Lienert 2 Min Read (Reuters) -Battery recycling startup Redwood Materials has raised $700 million from a group of high-profile fund managers, including T. Rowe Price, Baillie Gifford and Fidelity, the company said on Wednesday. FILE PHOTO: Attendees look at a Tesla Model X powered by Panasonic batteries during the 2018 CES at the… Continue reading Battery recycling firm Redwood raises $700 million from big fund managers
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Analysis-Tesla hikes electric car prices in U.S.; holds line in China
(Reuters) – Tesla Inc showed signs this week of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S.… Continue reading Analysis-Tesla hikes electric car prices in U.S.; holds line in China
Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
DETROIT, July 24 (Reuters) – General Motors Co (GM.N) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor Co (F.N) from using the name “BlueCruise” to market its hands-free driving technology, the companies said on Saturday. In a statement released shortly after midnight Detroit time, GM said Ford’s use of the… Continue reading Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
Daimler says chip shortage will continue in second half of 2021
Daimler cut production due to chip shortage Company sees less severe chip shortage in 2022 German firm sees healthy S-class sedan orders LONDON, July 21 (Reuters) – A global shortage of semiconductor chips will dent car sales in the second half of 2021 and will extend into 2022, Daimler AG (DAIGn.DE) said on Wednesday, but… Continue reading Daimler says chip shortage will continue in second half of 2021
Tesla lobbies India for sharply lower import taxes on electric vehicles -sources
By Aditi Shah 3 Min Read NEW DELHI (Reuters) – Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said. FILE PHOTO: A Tesla logo is… Continue reading Tesla lobbies India for sharply lower import taxes on electric vehicles -sources
Daimler to invest more than 40 billion euros by 2030 in electric vehicles
By Nick Carey 3 Min Read LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Slideshow ( 2 images ) Outlining its strategy for an… Continue reading Daimler to invest more than 40 billion euros by 2030 in electric vehicles
Daimler reports Q2 preliminary adjusted EBIT of $6.42 billion
July 15 (Reuters) – Mercedes-Benz maker Daimler AG (DAIGn.DE) on Thursday reported preliminary adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.42 billion) for the second quarter, with car and truck divisions beating analyst targets. Mercedes-Benz Car and Van results were helped by pricing and cost discipline, helping to offset any… Continue reading Daimler reports Q2 preliminary adjusted EBIT of $6.42 billion
Tesla launches subscription service for advanced driver assistance software
By Reuters Staff 1 Min Read FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo BERKELEY, California (Reuters) – Tesla Inc said on Saturday that it has introduced an option for some customers to subscribe to its advanced… Continue reading Tesla launches subscription service for advanced driver assistance software
Amazon-backed Rivian to delay first EV deliveries until September
Rivian introduces all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo July 16 (Reuters) – Amazon.com Inc-backed (AMZN.O) electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written… Continue reading Amazon-backed Rivian to delay first EV deliveries until September
Daimler Truck expects gradual ramp-up of electric trucks due to cost
BERLIN, June 30 (Reuters) – Daimler Truck (DAIGn.DE), the world’s largest truck and bus maker, expects only a moderate market ramp-up of its first electric truck model, eActros, due to its high price, the sales head of Daimler’s brand Mercedes-Benz Trucks said. The cost of an electric truck is three times as much as one… Continue reading Daimler Truck expects gradual ramp-up of electric trucks due to cost