Daimler AG’s top management tightened control over its flagship Mercedes-Benz luxury-car unit and the vans division that turned in an outsized loss in 2019.
Category: Newswire
Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show
The Company’s new C650 and C1000 step vans will set a new standard in design and efficiency for the last-mile delivery segment with its 650 cubic foot and 1000 cubic foot vehicles both weighing approximately 12,500 lbs. when fully loaded. Through a lightweight, composite, monocoque construction method, Workhorse has significantly decreased their vehicles’ curb weights when… Continue reading Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show
Tesla signs agreement with CATL battery maker
China’s leading power battery maker, Contemporary Amperex Technology Co Ltd, announced Thursday it has signed a volume production supply pricing agreement with US carmaker Tesla.Tesla is in talks to use CATL’s cobalt-free batteries in cars made at its Shanghai plant, citing people familiar with the matter.CATL saw its shares a sharp surge by the midday on Feb 20, gaining 5.32 percent to 161.35 yuan per share ($22.98).
Tesla Cybertruck Orders Average 5,873 Per Day, Now Over 500,000
Tesla Cybertruck Orders Average 5,873 Per Day, Now Over 500,000 Forbes | Feb 19, 2020 at 12:00 AM The reservation rate is outpacing Tesla’s Model 3, which received 518,000 reservations in about five months.
Aston Martin puts planned WEC, Le Mans Hypercar entry on hold
Aston Martin said on Wednesday it was putting on hold a planned entry into the World Endurance Championship (WEC) and Le Mans 24 Hours with its Valkyrie hypercar.This will allow IMSA prototypes to compete for outright victory at Le Mans and the WEC in 2021-22.The Valkyrie was created as part of a technology partnership between Aston Martin and Red Bull Advanced Technologies.
Ferrari releases its 2019 Annual Report and files annual report on Form 20-F
Maranello (Italy), February 18, 2020 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2019 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2019, with the United States Securities and Exchange Commission.Ferrari’s 2019 Annual Report and annual report on Form… Continue reading Ferrari releases its 2019 Annual Report and files annual report on Form 20-F
Daimler AG proposes Timotheus Höttges for election to the Supervisory Board
STUTTGART, Germany, Feb. 19, 2020 /PRNewswire/ — Daimler AG proposes Timotheus Höttges for election to the company’s Supervisory Board. On the basis of a recommendation by the Nomination Committee, the Supervisory Board of Daimler AG has decided to propose to the Annual General Meeting that Timotheus Höttges be elected to the Supervisory Board as a member… Continue reading Daimler AG proposes Timotheus Höttges for election to the Supervisory Board
Lucid Motors Rounds Out Leadership Team with Michael Smuts and Michael Carter
As Lucid’s Vice President of Finance, Michael Smuts oversees the company’s accounting and finance activities. Before joining Lucid, Smuts spent 25 years in key finance management roles at Ford Motor Company — including serving as Chief Financial Officer for Ford’s operations in Southeast Asia and as the company’s Global Director of Cost Optimization. Michael Carter… Continue reading Lucid Motors Rounds Out Leadership Team with Michael Smuts and Michael Carter
Lytx Announces Outstanding 2019 Results: Its Growth Story Continues
SAN DIEGO, Feb. 19, 2020 /PRNewswire/ — Lytx® today announced results from 2019 that reflect the company’s continued success and industry leadership. According to analyst firm Frost & Sullivan, Lytx has 60% share of the total video safety market, more than triple the share of its nearest competitor. “2019 was a phenomenal year for Lytx by… Continue reading Lytx Announces Outstanding 2019 Results: Its Growth Story Continues
Tesla China Funding May Be Subject of SEC Inquiry, Evercore Says
Tesla Inc.’s financing arrangements in China may be the subject of the Securities and Exchange Commission inquiry that the electric-car maker disclosed last week, according to analysts at Evercore ISI.