Kaellenius said Daimler’s talks with Ineos about selling its plant in Hambach, France were at a “very advanced stage” but declined to elaborate further pending the ongoing nature of negotiations. SINDELFINGEN: Daimler Chief Executive Ola Kaellenius said global demand for Mercedes-Benz cars has stabilised from a sharp drop in sales triggered by the coronavirus crisis.… Continue reading Daimler CEO says demand has stabilised from corona lows – ETAuto.com
Category: Automotive
Shiloh Industries, Inc. Receives Court Approval of Bidding Procedures
Shiloh Industries, Inc. Receives Court Approval of Bidding Procedures VALLEY CITY, OHIO, September 25, 2020 – Shiloh Industries, Inc. (the “Company”) an environmentally focused global supplier of lightweighting, noise and vibration solutions, today announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware for the bidding procedures and stalking… Continue reading Shiloh Industries, Inc. Receives Court Approval of Bidding Procedures
Postmates cuts losses in Q2 as it heads towards tie-up with Uber
Popular food delivery service Postmates is in the process of merging with Uber in a blockbuster $2.65 billion deal that would see it join forces with its food delivery competitor, Uber Eats. The deal remains under antitrust scrutiny, and has not yet been approved for closing. The deal is expected to close in the first… Continue reading Postmates cuts losses in Q2 as it heads towards tie-up with Uber
This provision in GM’s deal with Nikola could yield the biggest benefits
GM has a little known provision in its deal with Nikola that the company is betting on to yield big results. Go to Source
Ex-Nikola CEO mysteriously vanishes from social media after abrupt resignation
One day after his abrupt resignation from Nikola Corp., former Chairman and CEO Trevor Milton ghosted his Twitter followers and vanished from public view. Why he did it is a bit of a mystery. But his disappearing act, to some, points to guilt or cowardice in the fallout from a report that accused the company he founded of “intricate fraud.” Now Wall… Continue reading Ex-Nikola CEO mysteriously vanishes from social media after abrupt resignation
Tesla will face challenges with a new battery technology, experts say
Welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider. Here’s what you need to know: Want to get Insider Energy in your inbox every Friday? Sign up here. Do you have feedback or story tips? Reach out to me at bjones@businessinsider.com. A reminder: BI is looking for an energy reporter/editor… Continue reading Tesla will face challenges with a new battery technology, experts say
Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
Steve Girsky, the former GM vice chairman, consultant and investor whose special purpose acquisition company (SPAC) merged with hydrogen electric startup Nikola this summer, is in talks to back self-driving trucks startup TuSimple, according to four people familiar with the deal. The capital would come from Girsky’s VectoIQ LLC, a consulting and investment company he… Continue reading Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
UK engine production down -35.1% in August as sector braces for coronavirus second wave
25 September 2020 #SMMT News #UK Manufacturing 106,398 UK engines produced in August as output falls -35.1%. Production for domestic and overseas markets declines -36.9% and -34.1% respectively. Year-to-date engine production now down -35.2% as coronavirus second wave looms. Mike Hawes, SMMT Chief Executive, said, These figures come at an extremely worrying time for the… Continue reading UK engine production down -35.1% in August as sector braces for coronavirus second wave
Commercial vehicle production falls -11.5% in August
25 September 2020 #SMMT News #UK Manufacturing August commercial vehicle production declines -11.5%, with 4,915 vans, taxis, trucks and buses manufactured. Some 641 fewer vehicles produced in the month than the previous year, which marked the strongest August since 2012. Year-to-date performance remains down, as industry struggles to make up demand shortfall of -20.0%. UK… Continue reading Commercial vehicle production falls -11.5% in August
UK car manufacturing falls -44.6% in August as coronavirus bites again
UK car production declines -44.6% in August with 51,039 units rolling off factory lines. Ongoing coronavirus crisis stalls efforts to ramp up output with weak demand overseas compounded by heavy domestic losses. Production so far this year down -40.2% with a loss of 348,821 units worth more than £9.5bn to UK car makers. As pandemic’s… Continue reading UK car manufacturing falls -44.6% in August as coronavirus bites again