Mercedes-Benz CEO Ola Källenius became CEO in 2019 but has been working for Mercedes since 1993 in almost every part of the company. During that period, Mercedes spent time getting a lot bigger; the company famously merged with Chrysler for a time, forming a giant called DaimlerChrysler. But, over the past few years, it’s actually… Continue reading How Mercedes-Benz CEO Ola Källenius is refocusing for an electric future – The Verge
Category: Automotive
Mercedes-Benz rules out possibility of Chinese shareholders blocking minority, report says – Automotive News Europe
BERLIN — Mercedes-Benz CEO Ola Kallenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority in the automaker. BAIC Group is the largest individual shareholder in Mercedes with 9.98 percent of voting rights. Geely Chairman Eric Li holds an equity interest of 9.69 percent, and the… Continue reading Mercedes-Benz rules out possibility of Chinese shareholders blocking minority, report says – Automotive News Europe
Elon Musk pulls out of $44 billion Twitter deal
Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service. Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to… Continue reading Elon Musk pulls out of $44 billion Twitter deal
Tata Motors Group global wholesales up 48% to 3.16 lakh units in Q1 FY23
Global wholesales of all passenger vehicles in Q1 FY23 were at 2,12,914 units, higher by 32% compared to Q1 FY22. New Delhi: Tata Motors Group on Friday said its global wholesales in Q1 FY23, including Jaguar Land Rover, were at 3,16,443 units, up 48%, compared to Q1 FY22when it had dispatched 2,14,250 units to dealers.… Continue reading Tata Motors Group global wholesales up 48% to 3.16 lakh units in Q1 FY23
Tata Group wholesales up 48 percent
The Tata Group has released its global wholesales for the first quarter of FY23, including Jaguar Land Rover. The total numbers were at 3,16,443 units, higher by 48 percent as compared to the year-earlier quarter. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1 FY23 were at 1,03,529 units, higher… Continue reading Tata Group wholesales up 48 percent
Bharat Alt Fuel to invest Rs 250 crore
The company has signed an MoU with the Tamil Nadu government. Chennai-headquartered EV startup Bharat Alt Fuel (BAF) announced an investment of Rs 250 crore for setting up a greenfield facility in Krishnagiri, Tamil Nadu to manufacture Electric Vehicles (EVs), batteries and motors. This integrated facility will be built over 40,000 sq metres and commence… Continue reading Bharat Alt Fuel to invest Rs 250 crore
EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
If the green shoots of retail recovery across segments are evident in the 27% year-on-year growth in the IC engine-powered automobile industry in the first quarter of FY2023, what’s also evident is the massive surge in demand for their truly eco-friendly and green siblings – electric vehicles (EVs). On-ground retail sales data, gleaned from FADA… Continue reading EV sales in India cross 210,000 units in Q1, charge towards new record in FY2023
Clean Technica: Tesla [TSLA] Shares Strong Going into Q3, Especially Compared to NIO or Lucid 002100
As Tesla heads into the third quarter, following what Elon Musk called a “tough quarter” for the automaker, analysts are noting which electric vehicle shares are worth investing in. While Tesla’s shares jumped slightly in the last week of Q2, Chinese automaker NIO and fellow U.S. automaker Lucid both saw their shares drop. Tesla’s stock jumped… Continue reading Clean Technica: Tesla [TSLA] Shares Strong Going into Q3, Especially Compared to NIO or Lucid 002100
Clean Technica: Tesla Pausing Production at Giga Berlin & Shanghai to Upgrade Assembly Lines002099
Even with Tesla’s newly completed Gigafactories in Berlin and Shanghai, the automaker is working to expand production even further. Over the next month or so, Tesla plans to significantly increase production at both of these plants, but the automaker may have to take a costly production break to upgrade the sites. Tesla is pausing production… Continue reading Clean Technica: Tesla Pausing Production at Giga Berlin & Shanghai to Upgrade Assembly Lines002099
Clean Technica: Converting This 1977 Porsche 911 To Electric Yields 600 BHP From Tesla Motor002098
“The drive unit was put on a dyno and got to 600 BHP, then it overheated the dyno!” Well, then it’s probably powerful enough. Kit Lacey of eDub Services in the UK is proud of his work converting an iconic 1977 Porsche 911. Some will call it sacrilege, but hey, the customer sold the original… Continue reading Clean Technica: Converting This 1977 Porsche 911 To Electric Yields 600 BHP From Tesla Motor002098