July 24, 2019 – Stuttgart (Germany). Today Daimler Financial Services AG will begin operating under the name of Daimler Mobility AG and act as a provider of services in the field of financing, leasing, insurance and fleet management for the entire Daimler Group. Furthermore, the Daimler Mobility business division is a strategic investor in mobility… Continue reading 24. Jul 2019Daimler Financial Services AG today becomes Daimler Mobility AG
Tag: Strategy
Groupe Renault and BP deepen their strategic partnership
• BP, Castrol and Renault F1 Team extend their Formula 1 partnership for a further two years until the end of 2024 • Groupe Renault appoints Castrol as its aftersales’ global service fill engine oil lubricants partner from 1 January 2020 Boulogne-Billancourt and London, 07/24/2019 – Groupe Renault and BP with its global lubricant business… Continue reading Groupe Renault and BP deepen their strategic partnership
Daimler Financial Services AG today becomes Daimler Mobility AG
24.
July 2019
Stuttgart
As of 24 July 2019, Daimler Financial Services is renamed Daimler Mobility AG. Financing, leasing, insurance and fleet management continue to be part of the core business of Daimler Mobility. New name underlines the strategic standard the business division has set for itself: to offer comprehensive flexible mobility solutions in the future. Stuttgart (Germany) – Today Daimler Financial Services AG will begin operating under the name of Daimler Mobility AG and act as a provider of services in the field of financing, leasing, insurance and fleet management for the entire Daimler Group. Furthermore, the Daimler Mobility business division is a strategic investor in mobility services such as FREE NOW, SHARE NOW and Blacklane. Flexible service offerings like Mercedes-Benz Rent (car rental) and Mercedes me Flexperience (subscription solution) complete the mobility ecosystem. As part of the approved implementation of the Daimler Group's Project Future, Daiml..
Solaris Wins Biggest Electric Bus Contract In Europe For 130 Vehicles
Within less than a month, Solaris received three volume orders for hundreds of electric buses. Solaris, the Polish bus manufacturer (part of CAF Group from September 2018 on), just won Europe’s biggest contract for 130 articulated electric buses for Warsaw, the capital of Poland. The total value of 130 Solaris Urbino 18 electric for Warsaw… Continue reading Solaris Wins Biggest Electric Bus Contract In Europe For 130 Vehicles
UPDATE 3-China’s BAIC buys 5% Daimler stake to cement alliance
FRANKFURT/BEIJING (Reuters) – China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler (DAIGn.DE), cementing their long-standing alliance after China’s Geely emerged as a potential rival by also taking a stake in the German automaker. FILE PHOTO: An employee works on an assembly line producing Mercedes-Benz cars at a factory of… Continue reading UPDATE 3-China’s BAIC buys 5% Daimler stake to cement alliance
Daimler welcomes investment by BAIC Group
Ola Källenius, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: “We are very pleased that our long-standing partner BAIC is now a long-term investor in Daimler.” Daimler and BAIC are linked in a long-term partnership Daimler has been shareholder of BAIC Motor since 2013 Stuttgart (Germany) – Daimler AG… Continue reading Daimler welcomes investment by BAIC Group
Choice of new BMW CEO solidifies automaker’s electric plans
BMW is doubling down on its strategy of building electric versions of its mainstream cars, rather than a separate line of EVs.
That strategy was pushed by Oliver Zipse, who will take over as CEO from Harald Krueger on August 16, and it gives the company more flexibility to produce electric cars—on the same assembly lines as internal-combustion and plug-in hybrid versions.
Incoming BMW CEO Oliver Zipse
The new approach has a template: BMW has built its battery production facility as part of a flexible space inside its main car factory in Dingolfing, in case demand for electric cars doesn't materialize. That also saves billions of dollars in engineering as the company faces the need to develop new self-driving cars (some in partnership with Daimler) alongside new electric powertrains and the surrounding support infrastructure.
According to its latest plans, BMW expects to build 25 new plug-in models, including 13 all-electric cars by 2023, the first of which will be the all-new 2020 Mini Cooper SE.
2018 BMW i3s
The approach is quite a course change from BMW's former electric-vehicle trajectory. With the i3 and i8, introduced in 2014 and 2015, respectively, BMW became an early leader in electric cars. It made grand plans for some of the ancillary points, laying plans to develop a support network of car-sharing programs, charging infrastructure, and apps to support them. But the weight-saving carbon-fiber bodies for these vehicles are expensive to build, and sales of the i3 have continued to lag early expectations.
Although little of the surrounding infrastructure came to be, critics have charged that the company squandered that early lead when it ceased developing new dedicated EVs after those models, and focused instead on developing slow-selling, short-range plug-in versions of its existing sedans and SUVs.
Perhaps with the flexibility to produce electric versions of nearly its entire lineup, the brand might regain some of that lost momentum.
Next-Gen BMW 5 Series To Have Two Or More Electric Variants
Let’s get on with it. Much like GM and a few other automakers, BMW announced major plans for some 25 electrified models by 2025. More recently, the automaker’s CEO Harald Krüger — who’s now leaving the company in a few weeks — said those efforts will happen ahead of schedule, by 2023. Moreover, of the 25 electrified… Continue reading Next-Gen BMW 5 Series To Have Two Or More Electric Variants
UK authorities invest nearly $100 million into electric vehicle research
Charging an electric carMario Gutiérrez. | Moment | Getty ImagesThe U.K. government has announced £80 million ($99.7 million) of investment to develop the “next generation of electric vehicles” and, potentially, hybrid aircraft.
Authorities said Monday that the funding would, among other things, help to reduce carbon emissions from industries including transport, construction and energy.
Industry and academia are set to lead the development of the new technologies, which the government referred to as power electronics, electric machines and drives (PEMD). These are a range of products that can be used to convert fossil fuel-based systems into electric ones using batteries or other electrical sources.
The investment comes under the umbrella of something called the Industrial Strategy Future of Mobility Grand Challenge. Targets of this challenge include getting rid of diesel rolling stock from the U.K.'s railways by 2040 and delivering zero-carbon road transport by 2040.
“Driving the electric revolution will strengthen the U.K.'s capability to deliver next generation electric vehicles, hybrid aircraft and smart grids,” Mark Walport, the chief executive of U.K. Research and Innovation, said in a statement Monday.
“It will ensure these industries, both large and small, are rooted here in the U.K. attracting inward investment into our manufacturing base,” he added.
Elsewhere within the electric vehicle sector, Toyota has signed an agreement with China's BYD Company to jointly develop battery electric vehicles.
In an announcement Friday, Toyota said it would work with BYD to develop sedans and low-floor SUVs. The Japanese car giant said it wanted to launch the vehicles to the Chinese market, using the Toyota brand, “in the first half of the 2020s.”
New Power Module from Continental Combines Electric Mobility with an Outstanding Driving Experience
Third generation of power electronics provides outstanding driving performance New microchip technology enables currents of up to 650 amps Production car power module used unchanged even in race cars Regensburg, Nürnberg, Frankfurt, July 22, 2019. Continental is approaching the forthcoming changes in vehicle drive technologies with vigor and confidence. The technology company is relying here on… Continue reading New Power Module from Continental Combines Electric Mobility with an Outstanding Driving Experience