Tag: Daimler

Daimler Truck AG and Cummins Inc. Announce Global Plan for Medium Duty Commercial Vehicle Engines

STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium duty engine systems. The companies added that other opportunities for collaboration are also being evaluated. As part… Continue reading Daimler Truck AG and Cummins Inc. Announce Global Plan for Medium Duty Commercial Vehicle Engines

Ineos Grenadier one step closer to production – WhichCar

Development of the Grenadier off-road vehicle by British brand Ineos Automotive continues to gain traction, as the prototype stage moves from the 2A to 2B models and moves in to its new production facility. The Grenadier is a no-frills off-road vehicle that will come in five-door wagon and four-door pick-up variants, constructed in the same… Continue reading Ineos Grenadier one step closer to production – WhichCar

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction… Continue reading Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Inside the industry: Volvo is showing the subscription model can work for cars

It reads like the car enthusiast’s dream: pay a fixed subscription fee and swap to whichever car you want from a brand’s line-up as and when it suits you. Something sensible for the week and a sports car at the weekend? Drive electric day to day but switch to a diesel SUV for those long… Continue reading Inside the industry: Volvo is showing the subscription model can work for cars

German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354

Daimler boss Ola Källenius The next S-Class could drive exclusively electrically. (Photo: Thomas Kuhlenbeck) 2021 will be a fateful year for Daimler. The spin-off of the truck division is only an intermediate step towards an even more profound revolution: Mercedes could become combustion-free far earlier than previously planned. CEO Ola Källenius wants to speed up… Continue reading German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354

Renault flags difficult year after record $9.7 billion loss

By Reuters Staff 4 Min Read PARIS (Reuters) – Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021 as a shortage of electronic chips added to uncertainties, after the COVID-19 pandemic dragged the French carmaker to an 8 billion euro loss last year. FILE PHOTO: A logo of Renault carmaker is pictured… Continue reading Renault flags difficult year after record $9.7 billion loss

Geely departs from convention with plan for new EV unit: sources

By Yilei Sun, Brenda Goh 3 Min Read SHANGHAI (Reuters) – China’s Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars. FILE PHOTO: A building of the Geely… Continue reading Geely departs from convention with plan for new EV unit: sources