(Reuters) – General Motors Co (GM.N) is going ahead with its plan to manufacture the new Chevrolet Blazer SUV in Mexico, a spokesman for the automaker said on Thursday, despite criticism by U.S. President Donald Trump over making vehicles abroad. FILE PHOTO: A logo of General Motors is pictured at its plant in Silao, in… Continue reading GM to build Chevrolet Blazer in Mexico
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BYD Looks To Enter European Battery Market With New Factory
1 M BY MARK KANE BYD could become yet another battery manufacturer that will build a battery factory in Europe. The Chinese company expressed interest in entering and quickly expanding the European market of plug-in electric vehicles. “We are considering cell production outside of China and that includes Europe,” Julia Chen, Global Sales Director at… Continue reading BYD Looks To Enter European Battery Market With New Factory
Daimler profit warning upsets car industry
D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about… Continue reading Daimler profit warning upsets car industry
Duke Energy to invest $25 million in EVSE, battery storage and e-buses
After several months of negotiations, Duke Energy Carolinas has reached a settlement agreement on the utility’s Power/Forward Grid Modernization Plan. The agreement calls for a $25-million investment in EV infrastructure that the Sierra Club calls “unprecedented in the Southeast.” Duke will provide rebates of $750 to about 1,500 residential customers ($4 million total) to install… Continue reading Duke Energy to invest $25 million in EVSE, battery storage and e-buses
VW wants with truck IPO more than six billion gather in
D he IPO of the truck division of Volkswagen should become one of the largest new issues in Germany ever. When asked if he actually with an issue proceeds of about six billion euros, VW Truck CEO Andreas Renschler told the “manager magazin”: “That might be a bit more.” The exact timing of an initial… Continue reading VW wants with truck IPO more than six billion
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Aston Martin to open Silverstone test centre
LONDON (Reuters) – Aston Martin will open a test and development centre at Silverstone, the home of British Formula One racing, as the luxury carmaker continues to expand ahead of a possible stock market flotation. FILE PHOTO – F1 – Formula One – British Grand Prix 2017 – Silverstone, Britain – July 16, 2017 Mercedes’… Continue reading Aston Martin to open Silverstone test centre
Daimler under pressure
D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 4 percent. this also affects the prices of other auto stocks: BMW give 2.7 percent, Volkswagen 2.3 percent. The reduction in the forecast is a furrow that the trade conflict visibly… Continue reading Daimler under pressure
Daimler expects less profit
Thursday, 06/21/2018 09:52 clock The car company Daimler has reduced its outlook for 2018. As reasons were the trade conflict between the USA and China and the diesel affair called. Daimler expects earnings before interest and taxes (EBIT) to be slightly below the previous year’s level in the current year, the Dax Group announced in… Continue reading Daimler expects less profit
Tesla Sues Former Employee for Allegedly Hacking Trade Secrets
LISTEN TO ARTICLE SHARE THIS ARTICLE Tesla Inc. sued a former employee, claiming he hacked the company’s confidential and trade secret information, transferring several gigabytes to outside entities. Tesla claims Martin Tripp, who worked at the Nevada Gigafactory as a process technician since October, stole data that included dozens of confidential photographs and a video… Continue reading Tesla Sues Former Employee for Allegedly Hacking Trade Secrets
Porsche accelerates EV supercar ambitions with investment in Rimac
Porsche and Rimac both made electric car news at the Geneva Motor Show this year, showing off the Mission E Cross Turismo and Concept Two, respectively. Now the two companies are preparing to enter into what’s described as a close collaboration, on the heels of Porsche’s announcement that it’s purchased 10 percent of Rimac Automobili.… Continue reading Porsche accelerates EV supercar ambitions with investment in Rimac