If the European Union wants to push a faster shift to zero-emissions cars then Daimler AG (DAIGn.DE) is ready, but there needs to be an open debate on the impact electrification will have on auto jobs, the carmaker’s top executive said on Tuesday. “It’s an ambition that we say yes to,” Chief Executive Ola Källenius… Continue reading Daimler CEO: ‘We need an honest conversation” about EVs and jobs
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Bitcoin still struggling after Musk’s Tesla U-turn
Bitcoin recovered about half of its losses on Thursday, a day after plunging 17% when Tesla boss Elon Musk said his company (TSLA.O) would stop accepting the digital tokens as payment for its cars. read more The price of the world’s largest cryptocurrency rose back up to around $49,808 at 1150 GMT. On Wednesday it… Continue reading Bitcoin still struggling after Musk’s Tesla U-turn
Nissan sells its Daimler stake, following Renault
Japan’s Nissan Motor (7201.T) said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler (DAIGn.DE) through an accelerated bookbuild offer, following a similar move by alliance partner Renault (RENA.PA) in March. The French carmaker, with Nissan, had exchanged stakes with Daimler a decade ago to strengthen their industrial partnerships. Cooperation is… Continue reading Nissan sells its Daimler stake, following Renault
Daimler, Volvo seek huge cuts in hydrogen fuel cell costs by 2027
Daimler Trucks and Volvo AB (VOLVb.ST) said on Thursday they aim jointly to cut the costs of hydrogen fuel cells by a factor of five or six by 2027 as they seek to make the zero-emission technology commercially viable for long-haul trucking. But even if cellcentric, the fuel-cell joint venture the two companies formed in… Continue reading Daimler, Volvo seek huge cuts in hydrogen fuel cell costs by 2027
Daimler raises profit outlook, sees potential Q2 sales hit from chip shortage
Mercedes-Benz car maker Daimler AG (DAIGn.DE) on Friday raised its profit outlook for 2021, but said the global semiconductor chip shortage may continue to impact sales in the second quarter. Daimler said it assumed there would be some recovery in chip availability in the second half of this year but there was limited visibility at… Continue reading Daimler raises profit outlook, sees potential Q2 sales hit from chip shortage
Daimler says chip shortage may further impact Q2 sales
Mercedes-Benz car maker Daimler AG (DAIGn.DE) on Friday raised its profit outlook for 2021, but said the global semiconductor chip shortage may continue to impact sales in the second quarter. Daimler said it assumed there would be some recovery in chip availability in the second half of this year but there was limited visibility at… Continue reading Daimler says chip shortage may further impact Q2 sales
Nissan to sell 16.4 million Daimler shares
By Reuters Staff 1 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Nissan Motor is selling 16.4 million shares in German carmaker Daimler through an accelerated bookbuild offer, it said on Tuesday. Investors were guided to expect pricing near Tuesday’s closing price of 72.41 euros a share, a bookrunner organising the deal said.… Continue reading Nissan to sell 16.4 million Daimler shares
Tesla allows six more months to start German gigafactory-Automobilwoche
The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton Tesla (TSLA.O) CEO Elon Musk has given its German team six more months to start production at its delayed factory near Berlin, its first gigafactory in Europe, German weekly Automobilwoche reported, citing company… Continue reading Tesla allows six more months to start German gigafactory-Automobilwoche
Vietnam’s answer to Tesla has U.S. in its electric sights
By James Pearson, Phuong Nguyen 8 Min Read HAIPHONG, Vietnam (Reuters) – Move over Tesla, how about a VinFast? A labourer works in VinFast’s factory in Hai Phong City, Vietnam, April 22, 2021. Picture taken April 22, 2021. REUTERS/Thanh Hue That’s the proposition being offered by the automobile arm of Vietnam’s largest conglomerate, Vingroup. It’s… Continue reading Vietnam’s answer to Tesla has U.S. in its electric sights
China market regulator urges Tesla to ensure product quality in China
Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021. REUTERS/Aly Song China’s market regulator said on Wednesday that it has urged U.S. electric vehicle maker Tesla Inc (TSLA.O) to ensure its product quality in China, following an incident at the Shanghai auto show that drew wide attention in social… Continue reading China market regulator urges Tesla to ensure product quality in China