Tag: Daimler

Germany’s Merz to meet car bosses without unified stance on EU’s 2035 target

They are urging Brussels to extend compliance deadlines and broaden the definition of acceptable technologies. Chancellor Friedrich Merz will meet executives from top German automakers later on Thursday without a unified government position on the European Union’s plans to end the sale of carbon dioxide-emitting cars from 2035, he told journalists. Thursday’s statement backs away… Continue reading Germany’s Merz to meet car bosses without unified stance on EU’s 2035 target

German leaders and auto chiefs team up in push to relax emissions rules

Stung by a drop in demand from customers in China, the world’s largest auto market, German automakers have seen sales of their cars decline steadily in recent years. Spooked by plunging profits and job cuts across the auto industry, Germany’s chancellor is insisting that the European Union allow car manufacturers, rather than regulators in Brussels,… Continue reading German leaders and auto chiefs team up in push to relax emissions rules

German FAZ: Daimler Truck and Toyota start subsidiary 010079

The new company name is a made-up word that is meant to say it all. Archion combines the English term “Arches” for arch and the term “Eons” for eternity – and is intended to symbolize, on the one hand, the connection between the partners and, on the other hand, the goal of the partnership: shaping… Continue reading German FAZ: Daimler Truck and Toyota start subsidiary 010079

German FAZ: Daimler Truck and Toyota start subsidiary 010079

The new company name is a made-up word that is meant to say it all. Archion combines the English term “Arches” for arch and the term “Eons” for eternity – and is intended to symbolize, on the one hand, the connection between the partners and, on the other hand, the goal of the partnership: shaping… Continue reading German FAZ: Daimler Truck and Toyota start subsidiary 010079

German Manager Magazine: Car summit in Berlin: There should be no hard cuts in 2035, says Chancellor Merz004474

Chancellor Friedrich Merz (CDU) is committed to a decisive expansion of electromobility, but insists on a more flexible transition for the auto industry. “There should not be a hard cut in 2035,” said the CDU leader, with a view to the ban on new registrations of combustion engines cars coming in the EU. Merz had… Continue reading German Manager Magazine: Car summit in Berlin: There should be no hard cuts in 2035, says Chancellor Merz004474

Audi priming rival for Mercedes G-Class and Land Rover Defender

Audi is set to cap its new-era line-up with a rugged, luxurious SUV in the mould of the Land Rover Defender and Mercedes-Benz G-Class as a halo model that will introduce radical new design and technology features to its more mainstream siblings. It first emerged that Audi was considering a flagship 4×4 model line in… Continue reading Audi priming rival for Mercedes G-Class and Land Rover Defender

Porsche’s Sliding Sales Deepen German Automotive Malaise

(Bloomberg) — Germany’s auto industry is sliding faster into decline, with weak demand, trade tensions and rising Chinese competition compounding the pressures on the country’s carmakers. Porsche on Thursday joined BMW and Mercedes-Benz in reporting weaker sales in China, where local competitors led by BYD Co. and Xiaomi Corp. are winning over buyers with competitively… Continue reading Porsche’s Sliding Sales Deepen German Automotive Malaise

German Manager Magazine: Ferrari: First fully electric Ferrari is coming, electrification target lowered004471

After Ferrari announced medium-term targets, the share price collapsed on Thursday. Most recently, the discount was a good 11 percent to 371 euros. The shares fell to their lowest level since April. The share’s high losses also dragged the European automotive sector down by 3 percent. The company’s goals are “overly cautious,” said one trader.… Continue reading German Manager Magazine: Ferrari: First fully electric Ferrari is coming, electrification target lowered004471