Romanian electric car sharing service eGO becomes available to all bank card holders

EGO, the first car sharing service in Romania with an exclusively electric fleet, is available starting this month for all bank card holders, regardless of the issuing bank.Launched at the end of 2017 in partnership with BCR, eGO is a 100 percent Romanian brand, available in Bucharest.The service costs less than RON 1/minute for BCR customers with George cards and RON 1.3 for all other users.

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary.In July 2019, a total of 3,944 new Suzuki cars were registered, making Magyar Suzuki – with its 25.8% market weight- the only player on the domestic passenger car market with a two-digit share.The third most popular Suzuki model on the Hungarian market, the Swift, saw 338 units registered in July.

Magna Announces Second Quarter Results

Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%Excluding foreign currency translation and divestitures net of acquisitions, sales up 5% with each segment outpacing global light vehicle productionCash provided from operating activities of $920 millionReturned $519 million to shareholders through share repurchases and dividendsOutlook largely unchangedAURORA, Ontario, Aug. 08, 2019… Continue reading Magna Announces Second Quarter Results

08/08/2019MAHLE makes fuel cells mobile

MAHLE makes fuel cells mobile

Stuttgart/Germany, August 08, 2019 – The companies that are defining the mobility of the future must respond quickly to changing conditions. This is the only way to bring new technologies to economic viability and series production internal structures and bundling the expertise of various development fields in one fuel cell project house. This is a place where all fuel cell topics come together.

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Press relase [PDF; 152 KB]Press picture 1 [JPG; 1630 KB]Press picture 2 [JPG; 4367 KB]Press picture 3 [JPG; 4664 KB] MAHLE bundles fuel cell expertise in agile structureFuel cell project house acts as a central contact point across all systems related to fuel cellsThe importance of an overall system perspective for the safety and competitiveness of fuel cell vehicles can be illustrated by simulating the dynamics of fuel cells in interplay with battery size or by the reciprocal development of ion exchangers and heat exchangers. The air pathway, also known as the cathode air system, is one of the central systems in the periphery of the fuel cell. The relationships and interactions are complex and can only be predicted through elaborate simulations.
The team at the fuel cell project house analyzes the results and defines the design of the peripheral components, which leads to a cost-optimized vehicle. MAHLE is transferring expertise from a wide variety of research and development areas of conventional mobility to the fuel cell project house, enabling thermal, air, and liquid management and filtration to work together purposefully.
Another example of close interaction among various development centers is the joint development of heat exchangers and ion exchangers. This is where our technical expertise in the areas of thermal management and filtration comes together. The coolant used to cool fuel cell stacks must be deionized so that it loses its electrical conductivity. If it were conductive, then not only could explosive gas form, but undesired and dangerous currents could be discharged. The deionized cooling medium flows through the bipolar plates of the fuel cell to cool it. The deionized cooling medium is highly reactive, however, and corrodes components that come into contact with it, so this must be avoided. For this reason, MAHLE passivates the heat exchanger and makes it resistant to leaching ions. This produces a durable cooling system and reduces the load on the ion exchanger, ensuring high-voltage safety under all conditions.
The exhaust air pathway in the fuel cell vehicle also requires extensive expertise. An intelligent system for water disposal ensures that water disposal occurs only at high speeds. This prevents water from freezing in awkward locations, such as in parking garages or inner cities. The water that is discharged at high speeds is atomized. This functional integration is typical of the development of engine components as an overall system at MAHLE, combining expertise from the areas of engine peripherals, flow simulation, and filtration.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in more than 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Christopher Rimmele
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12374
christopher.rimmele@mahle.com

China Automotive Systems Reports 2019 Second Quarter Unaudited Financial Results

WUHAN, China, Aug. 8, 2019 /PRNewswire/ — China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2019.  Second Quarter 2019 Highlights Net sales decreased 15.9% to $105.7 million from… Continue reading China Automotive Systems Reports 2019 Second Quarter Unaudited Financial Results

Pilot project: Daimler Trucks is teaching trucks how to pay

As part of a pilot project, Daimler Trucks gives a truck its own digital identity with legal capacities The truck identifies itself to other machines thanks to the newly developed digital Truck-ID Supplementary Truck Wallet platform technology makes it possible to use the Truck-ID for payments and other applications Successful autonomous payment at electric charging… Continue reading Pilot project: Daimler Trucks is teaching trucks how to pay

Mercedes-Benz Energy and Beijing Electric Vehicle start development partnership on 2nd-life battery storage

Daimler with its subsidiary Mercedes-Benz Energy and Beijing Electric Vehicle Co., Ltd. (BJEV) subsidiary of the BAIC Group, intensify their cooperation in the field of energy storage system. The two parties intend to set-up and test the first 2nd-life energy storage systems. Efficient dual use of electric vehicle batteries improves the Life Cycle Assessment and… Continue reading Mercedes-Benz Energy and Beijing Electric Vehicle start development partnership on 2nd-life battery storage

Mercedes-Benz Cars and Vans at the 2019 International Motor Show: on the way to an emission-free future

08.

August 2019

Stuttgart/Frankfurt am Main

Stuttgart/Frankfurt am Main. Mercedes-Benz's appearance at the International Motor Show (IAA) in Frankfurt from September 10th to 22nd, 2019, will be dominated by sustainable solutions for the future of mobility. Ola Källenius, the new Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, will give an outlook on the future of Mercedes-Benz.. Numerous world premieres underscore the claim of the inventor of the automobile to continue designing and offering intelligent mobility solutions. The Mercedes-Benz exhibition stand has been completely redesigned for this purpose and is even more conceptually oriented towards customers. On the evening before the first press day, invited journalists will receive an exclusive look at the innovations during “Meet Mercedes,” which includes an exciting workshop program.
The core topic at the IAA 2019 is the sustainable future of Mercedes-Benz, Ola Källenius will explain what this strategy looks like and what it has to do with universal human needs at the Mercedes-Benz press conference on September 10, starting at 9:20 a.m. The first appearance of the new Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars at one of the major global motor shows will be accompanied by a large number of new vehicles.
Exclusive preview at “Meet Mercedes”
The focus of the proven “Meet Mercedes” event format is on a tour of the exhibition along with five workshops covering a broad spectrum of topics relating to the product and brand philosophy of Mercedes-Benz Cars and Vans. Among other things, Britta Seeger, Member of the Board of Management, Mercedes-Benz Cars Marketing & Sales, will discuss the sales of the future and the newly developed booth concept. Another workshop will be held by Markus Schäfer, Member of the Board of Management, Group Research & Mercedes-Benz Cars Development, on the goals of the R&D division in a transforming industry. This will be held prior to the session of Sajjad Khan, Member of the Board of Management of Mercedes-Benz Cars, CASE, who will talk about the future of mobility and alignment with the CASE strategy. Renata Jungo Brüngger, Member of the Board of Management, Integrity and Legal Affairs, will then present the principles regarding the use of artificial intelligence at Daimler to the public for the first time. Jörg Burzer, member of the Board of Management of Mercedes-Benz Cars, Production and Supply Chain, will also talk about the future of production at Mercedes-Benz Cars and Vans.
World premieres: Innovative Show Car and new Plug-in Hybrid
A new show car will celebrate the world premiere of a vehicle that embodies the flexible, customer-oriented and sustainable vision of the Mercedes-Benz product and technology brand EQ. Also on show for the first time are new plug-in hybrid derivatives from Mercedes-Benz and the all-electric high-capacity sedan EQV. The GLB will also celebrate its trade fair premiere. smart, the pioneer in urban mobility, will be showing the model upgrades of its electric city cars for the first time in the metropolis on the Main river. As an introduction to the world of driving performance from Mercedes-AMG, the Affalterbach-based brand will present a variant of the compact SUV based on the GLB.
As usual, you will soon find a “media special” with all information and highlights of the 2019 International Motor Show Germany on Mercedes me media: https://media.mercedes-benz.com. You can now also get all the news from Twitter: @mb_press. The new channel supplements the press communication and offers you the opportunity to find out about all current topics and events relating to Mercedes-Benz Cars and Vans.

Press Contact

Willem Spelten

Head of international Brand & smart Product Communications

willem.spelten@daimler.com

Tel: +49 (0)711 17-75847

Fax: +49 (0)711 17-79099473

Katja Bott

Head of Global Communications Mercedes-Benz Cars

katja.bott@daimler.com

Tel: +49 711 17 75841

Fax: –

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Preview Mercedes-Benz Cars and Vans booth at the IAA 2019 in Frankfurt, Germany.

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Aug 8, 2019

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Dongfeng Motor Is Said to Weigh Options for Peugeot Stake

Dongfeng Motor Corp. is exploring options for its 2.2 billion euro ($2.5 billion) stake in Peugeot owner PSA Group, including a potential divestment, people with knowledge of the matter said, as the companies grapple with a global slowdown in the auto market.PSA fell 0.3% to 19.91 euros at 2:51 p.m. in Paris trading after earlier declining as much as 3.2%.Still, the global auto market has been slowing and proceeds from a sale would give the Chinese carmaker much-needed funds to weather the worst slump in a generation.