Hands Up Can Tesla cars drive themselves? The flagship electric car company’s answer to that question has been confusing — which has ended in disaster on a number of occasions. But now we have clarity. The order page for the new Tesla Model 3 doesn’t feature the much-hyped “Full Self-Driving Capability” that promised customers “all you will need to do… Continue reading Tesla Just Dropped “Full Self-Driving” Mode From the Model 3
Category: Automotive
Daimler adjusts its earnings guidance – preliminary results for the third quarter 2018
Stuttgart, Germany – As a result of recent developments, Daimler AG today reassessed its earnings outlook for the year 2018 for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group. This reassessment is based on a number of factors: The main factor is an increase in expected expenses in connection with ongoing… Continue reading Daimler adjusts its earnings guidance – preliminary results for the third quarter 2018
UPDATE 3-Daimler’s diesel troubles trigger new profit warning
FRANKFURT (Reuters) – German carmaker Daimler AG (DAIGn.DE) said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. The Daimler is seen during a press conference on the second press… Continue reading UPDATE 3-Daimler’s diesel troubles trigger new profit warning
BMW sets up end-to-end battery recycling in Europe
Prototype production of battery modules for BMW Group’s fifth-generation electric powertrain
Teaming with a new Norwegian battery supplier and a Belgian recycling company, BMW is aiming to build a fully sustainable future battery supply chain.
The company announced on Monday that it formed a partnership with Northvolt, which is building Europe's largest battery factory for electric cars in Sweden.
At the same time BMW is working with Belgian materials processing company Umicore to develop battery reuse and recycling systems. Then end goal is to dismantle battery packs down to their cells and recycle the cell materials into new cells to be built by Northvolt.
DON'T MISS: BMW Vision iNext electric concept redefines German luxury flagship
In between, the spent battery packs may be used as grid or home storage until they have no useful life left, according of a report in Automotive News Europe (subscription required.) .
Besides its environmental advantages, the system could have several other advantages for BMW. It could bring down the price of new battery materials which have seen a dramatic increase since 2015. Automakers in Europe and other parts of the world are also responsible for ensuring the batteries they install are properly disposed at the end of their life. Reusing the harvested material could lower the company's bill for such disposal.
READ THIS: BMW will have 25 electric cars, plug-in hybrid models by 2025
The new agreement could also indicate that BMW will turn to Northvolt to supply batteries for its future electric cars, in place of the Samsung batteries it uses now.
Northvolt is planning to invest $4.6 billion to build a battery factory to rival Tesla's Gigafactory, capable of eventually producing up to 32 gigawatt-hours of batteries per year.
No timeline was given to develop BMW's end-to-end battery recycling system. Northvolt plans to begin producing as much as 8 gigawatt-hours worth of batteries in 2020 and to have its plant fully operational by about 2025.
Volvo is betting big on mobile to push its car subscription service
Roberto Baldwin / Engadget The Volvo S60 will be the second car the automaker will “lease” via its Care by Volvo subscription service when it lands in showrooms in the next few months. But it turns out, that half the folks that flocked to subscribe to the XC40 didn’t walk into dealerships. They “bought” the… Continue reading Volvo is betting big on mobile to push its car subscription service
After the furious speech of the VW boss: These cars are really green
VW boss Herbert Diess gets angry: The mobility turnaround with carbon electric powered electric cars is absurd. Looking for the really green car … This turns on: From a “campaign against individual mobility” squabbled the Volkswagen CEO this week, from an “almost hysterical nitric oxide discussion” and the impossible new CO2 targets. The only 30… Continue reading After the furious speech of the VW boss: These cars are really green
Less profit expected: Daimler’s profit warning sends stock to five-year low
AP Daimler CEO Dieter Zetsche: earnings forecast for 2018 lowered The carmaker Daimler Show stock market chart expects a weaker annual result than previously forecast in view of the costs associated with the diesel scandal. The group lowered on Friday its expectation for 2018 and called for several reasons. The third quarter had missed the… Continue reading Less profit expected: Daimler’s profit warning sends stock to five-year low
Daimler is hit by diesel affair
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UPDATE 1-Ford CEO seeks to rally dealers as shares sink to new low
LAS VEGAS (Reuters) – With Ford Motor Co’s stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of announcing the automaker’s third-quarter results. Ford CEO Jim Hackett speaks to dealers at… Continue reading UPDATE 1-Ford CEO seeks to rally dealers as shares sink to new low
New Opel for Old Diesel: “Opel Environment Bonus” of up to €8,000
Exchange made easy: Bonus for Euro 1 to 4 vehicles of any brand when buying an Opel vehicle Attractive trade-in offers for Euro 5 Opel diesel vehicles for customers living in regions with especially high air pollution when they buy a new model Rüsselsheim. Opel is looking to a speedy fleet renewal as one way… Continue reading New Opel for Old Diesel: “Opel Environment Bonus” of up to €8,000