BEIJING/HONG KONG (Reuters) – Daimler AG (DAIGn.DE) plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said. FILE PHOTO: Employees wearing face masks work at a plant of Daimler-BAIC… Continue reading Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
Category: News Site
Volvo Limits Speed To 180 Km/h: Side Effect Is Positive For EVs
Volvo recently announced that all new models are now limited to a top speed of 180 km/h (112 mph) to reduce serious injuries and fatalities in accidents. Some might perceive it as a quite controversial move. Directly, it’s not related to electric cars, but it’s quite interesting and actually it might bring a significant positive… Continue reading Volvo Limits Speed To 180 Km/h: Side Effect Is Positive For EVs
Nissan and Renault shelve merger plans to repair their alliance: sources
(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front… Continue reading Nissan and Renault shelve merger plans to repair their alliance: sources
German court rules against Volkswagen in ‘dieselgate’ scandal
Volkswagen (VW) Carmaker must pay compensation to motorist who bought minivan fitted with emissions-cheating software Herbert Gilbert, one of tens of thousands of drivers to sue Volkswagen. The ruling sets a benchmark for about 60,000 other cases in Germany. Photograph: AFP/Getty Volkswagen has lost a landmark legal battle in Germany’s highest civil court over compensation… Continue reading German court rules against Volkswagen in ‘dieselgate’ scandal
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) – French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. FILE PHOTO: A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show, Belgium, January 9,… Continue reading French carmaker Renault could close plants and cut jobs: union
Nissan says preparing to gradually restart Mexico operations
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo MEXICO CITY (Reuters) – The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle… Continue reading Nissan says preparing to gradually restart Mexico operations
German court rules Volkswagen car owners entitled to damages in emissions scandal
FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer KARLSRUHE, Germany (Reuters) – A German federal court judge ruled on Monday that Volkswagen (VOWG_p.DE)… Continue reading German court rules Volkswagen car owners entitled to damages in emissions scandal
Electrified Russian GAZelle NeXT Goes On Sale In Germany
Electric GAZelle NEXT vans go on sales in Germany The E-35 electric series of commercial vehicles based on GAZelle NEXT has now new members in its family: a double cabin version, a van and a van bus. EFA-S GmbH, a German partner of GAZ, is building electric vehicles on the Russian GAZelle NeXT LCV made… Continue reading Electrified Russian GAZelle NeXT Goes On Sale In Germany
Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK
AMTE Power and Britishvolt sign MoU for UK’s landmark battery Giga Factory London, 20.05.20: AMTE Power and Britishvolt are pleased to announce plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets. Both parties have signed a memorandum of understanding (MoU) focussed on each… Continue reading Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK
UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source
(Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new… Continue reading UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source