Mar 3, 2021 Atlas family and Jetta models rank #1 for lowest cost of maintenance in Midsize SUV and Compact Sedan segments respectively Tiguan, Passat and Arteon rate at lower costs of maintenance than key competitor brands in their segments Herndon, VA — Volkswagen of America, Inc. is proud to announce results from a maintenance… Continue reading @VW Group: 2021 Volkswagen models perform top of segment for lowest maintenance costs according to Vincentric study002538
Tag: Daimler
Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying
(Bloomberg) — Volocopter GmbH raised 200 million euros ($242 million) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights. The so-called Series D funding brings in new investors including toll road and airport operator Atlantia SpA, tire maker Continental AG, NTT, Avala… Continue reading Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying
Volocopter Raises €200M in Series D Funding
Volocopter, a Bruchsal, Germany-based urban air mobility (UAM) company, raised a €200m Series D funding round. Backers included new investors funds managed by BlackRock, Atlantia S.p.A., Avala Capital, Continental AG, Jericho Capital, NTT via its venture capital arm, Tokyo Century, a Japanese leasing company, family offices, and existing investors Geely, Daimler, DB Schenker, Intel Capital, btov Partners,… Continue reading Volocopter Raises €200M in Series D Funding
@Daimler: Mercedes-Benz Digital Factory Campus Berlin: Driver for the digital transformation in production
Berlin-Marienfelde site to become competence center for the digitalization of the global Mercedes-Benz production network. Focus is set on the development and implementation of MO360, the digitalMercedes-Benz production ecosystem. Berlin. Mercedes-Benz is investing a double-digit million amount to transform its Berlin-Marienfelde plant in Germany into a campus for developing, testing and implementing pioneering software applications… Continue reading @Daimler: Mercedes-Benz Digital Factory Campus Berlin: Driver for the digital transformation in production
Jaguar India gets 22 dealerships EV-ready ahead of I-Pace launch on March 23
Jaguar Land Rover has announced that it is gearing up its back-end operations to support the launch of its first all-electric vehicle in India – Jaguar I-Pace – which is slated for a market introduction on March 23. As a result, the company says that it is putting its efforts to supplement the electric model… Continue reading Jaguar India gets 22 dealerships EV-ready ahead of I-Pace launch on March 23
Volocopter Raises €200 Million in Series D Funding Round
Volocopter is in the final stages of providing new, sustainable mobility options for cities around the world. Their future services range from electric autonomous air taxis flying passengers directly and safely to their destinations to transporting goods with the company’s VoloDrone. Having ten years of development experience, Volocopter is a leader in the urban air… Continue reading Volocopter Raises €200 Million in Series D Funding Round
Daimler’s $49B issue: Settling Mercedes brand rights – Automotive News Europe
Daimler long argued it needed to keep the Mercedes brand under one roof when investors pressured the company to separate the trucks business. The growing technological divide between the car and commercial-vehicle industries forced management to rethink this. They plan to address the trademark rights issue before distributing a majority of the Daimler Truck unit… Continue reading Daimler’s $49B issue: Settling Mercedes brand rights – Automotive News Europe
Tuesday Morning Auto News, Mar 02, 2021
Maruti Suzuki exports cross 2 million vehicles from India – Just-Auto Land Rover launches powerful Defender V8 – Just-Auto Nissan signs mobility MoU with Suzhou City, China – Just-Auto Toyota to Raise $4.7 Billion in ESG Debt to Fund Futuristic Hub – Bloomberg Geely’s Volvo Cars to be fully electric by 2030 – Just-Auto Lunaz… Continue reading Tuesday Morning Auto News, Mar 02, 2021
Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
The major highlight of the last week was the announcement of Cooper Tire’s CTB acquisition by Goodyear Tire GT. This transformational deal marks the collaboration of two of the biggest American tire companies. It will create a stronger and industry-leading U.S.-based tire manufacturer, having a more enhanced presence in distribution and retail channels. Awarding of… Continue reading Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
INSIGHT-To go electric, America needs more mines. Can it build them?
On Monday afternoon, Biden administration officials blocked a land swap Rio needs to build the mine. Trump officials had previously approved that land swap. By Ernest Scheyder Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd,… Continue reading INSIGHT-To go electric, America needs more mines. Can it build them?