According to insiders, the car manufacturer Mercedes-Benz is working on autonomous driving China with the start-up Momenta. The Stuttgart-based company invested $75 million in the company, three people familiar with the process told the Reuters news agency on Friday. Mercedes could also be an anchor investor in a Momenta IPO in the first quarter of… Continue reading German Manager Magazine: Mercedes relies on start-up Momenta003782 for autonomous driving in China
Tag: Daimler
German Handelsblatt: Autonomous driving: Mercedes relies on startup Momenta010174 for autonomous driving in China
According to a report, Mercedes is investing $75 million in the company. This would make Momenta the first Chinese supplier selected by the group for a key technology. Go to Source
German Handelsblatt: VW, BMW, Mercedes: “Very small returns on capital” – fund managers warn against German car stocks010172
After a fall in prices, the shares of VW, BMW, Mercedes and Porsche currently appear to be attractive. But is that true? Caution is advised when taking a closer look. Go to Source
German Manager Magazine: E-cars, agencies and fear of China – the billion-dollar risk in car sales003781
In many ways, 2024 will go down in history as a difficult year for the auto industry. If you look ahead, it is already clear: 2025 will not be any easier. Especially not for the sales departments of car manufacturers: On the one hand, they have to ensure that significantly more electric cars come onto… Continue reading German Manager Magazine: E-cars, agencies and fear of China – the billion-dollar risk in car sales003781
German Manager Magazine: SAP shares as an investment: Is it still worth getting started?003779
SAP is the heavyweight in the DAX portfolio. The tech company from Walldorf alone accounts for 14 percent of the weight in the leading German index of the 40 largest German stock corporations. These follow Deutsche Telekom and Siemens each with significantly less than 10 percent. That means: Around a seventh of the DAX performance… Continue reading German Manager Magazine: SAP shares as an investment: Is it still worth getting started?003779
Bharat Benz Torqshift tipper range wins bulk order for mining
Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, has introduced its BharatBenz heavy-duty truck (HDT) range equipped with the globally acclaimed 12-speed Automated Manual Transmission (AMT) technology. The company has received a bulk order of 80 units for its 3532CM mining tippers from a single customer. BharatBenz expanded its product portfolio… Continue reading Bharat Benz Torqshift tipper range wins bulk order for mining
Lotus says ‘never say never’ to Emira hybrid as it slows all-EV plan
Lotus could electrify the Emira and extend its lifecycle as the brand moves to hybridise its line-up and pushes back the sports car’s long-awaited electric replacement. It’s responding to flagging uptake of electric luxury cars by reducing its sales volume ambitions over the coming years and introducing a new range-extender (REx) powertrain option in a bid to boost the… Continue reading Lotus says ‘never say never’ to Emira hybrid as it slows all-EV plan
Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs.… Continue reading Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
German FAZ: Schumacher out of the race008251
The voluntary departure from Formula 1 will have a liberating effect. Because it has been hinted at for a long time: Mick Schumacher received enough information this year that he was no longer wanted as a regular driver for a racing team. The son of the record world champion had to take four severe blows… Continue reading German FAZ: Schumacher out of the race008251
German FAZ: Mick Schumacher is no longer a reserve driver either008249
Mick Schumacher will leave Formula 1 completely after this season. The 25-year-old son of record world champion Michael Schumacher has decided to end his job as a test and reserve driver at Mercedes. The German car maker announced this on Thursday ahead of the Qatar Grand Prix this weekend. Mick Schumacher said he was “grateful… Continue reading German FAZ: Mick Schumacher is no longer a reserve driver either008249