The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009138
Tag: Daimler
Global Trade Tensions Are Temporary, Businesses Will Find New Normal: Mercedes-Benz India
Amid rising global trade tensions and tariff stand-offs between major economies, Mercedes-Benz India remains cautiously optimistic that businesses will adapt and stabilise over time. Speaking on the current geopolitical climate and its potential impact on global trade, Santosh Iyer, Managing Director and Chief Executive Officer of Mercedes-Benz India, emphasised that the current uncertainty is not… Continue reading Global Trade Tensions Are Temporary, Businesses Will Find New Normal: Mercedes-Benz India
India’s Luxury Car Market Leads EV Adoption, Outpacing Mass Segment: Mercedes-Benz India
The adoption of electric vehicles in India’s luxury car segment is accelerating faster than in the mass-market passenger vehicle space, with EV penetration reaching as high as 10–12% of total sales for some premium brands, according to Mercedes-Benz India. With the entry of new automakers and the launch of additional EV models in the luxury… Continue reading India’s Luxury Car Market Leads EV Adoption, Outpacing Mass Segment: Mercedes-Benz India
Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
Mercedes-Benz India has reported its highest-ever annual sales in FY25, delivering 18,928 new vehicles across the country, the company said in a press release on Thursday. The German luxury automaker attributed this milestone to strong demand for top-end luxury models, battery electric vehicle (BEV) portfolio, and a revamped retail strategy. In the March quarter, the… Continue reading Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
@niche: INEOS Britannia announces withdrawal from 38th America’s Cup003827
INEOS Britannia announces that it has withdrawn its intention to challenge for the next America’s Cup. The decision has been taken after a protracted negotiation with Athena Racing Ltd following the conclusion of 37th America’s Cup, last year in Barcelona. The agreement that had been reached with Athena Racing would have allowed both parties to compete… Continue reading @niche: INEOS Britannia announces withdrawal from 38th America’s Cup003827
Clean Technica: The Tesla Cybertruck Is A Sales Disaster003964
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The Tesla Cybertruck is a marketing disaster unlike any in the automotive business since the days of the ill-fated Edsel. Before we get into deconstructing the extent of the disaster, consider this: The Cybertruck is the result of Elon… Continue reading Clean Technica: The Tesla Cybertruck Is A Sales Disaster003964
Chinese EV giant BYD expands in Europe with premium brand launch
A BYD Denza Z9 GT electric car on display in Hong Kong in February 2025. Ucg | Universal Images Group | Getty Images BEIJING — Chinese electric car giant BYD is pushing ahead into Europe, launching its premium Denza brand in the region despite rising trade tensions. The first model, the Z9GT, is set to… Continue reading Chinese EV giant BYD expands in Europe with premium brand launch
Auto giants extend losses as Trump’s sweeping global tariffs take effect
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a… Continue reading Auto giants extend losses as Trump’s sweeping global tariffs take effect
German Manager Magazin: Auto industry: Tesla loses market share in the electrical area to German manufacturer004119
The German car manufacturers have their market share in the electrical area in Germany significantly expanded at the beginning of the current year. As a study by the consulting company EY published on Wednesday shows, its market share rose to 66 percent in the first quarter of 2025, after 51 percent in the same period… Continue reading German Manager Magazin: Auto industry: Tesla loses market share in the electrical area to German manufacturer004119
BYD Launches Denza in Europe—Another Mighty Impressive EV Brand the US Won’t Get
President Trump’s seeming determination to keep Chinese EVs out of the US is not stopping BYD’s expansion plans, with the EV giant announcing today that it is bringing its premium sub-brand Denza to Europe. Sitting between the BYD main brand and its luxury high-end marque Yangwang, Denza is aiming to slot right into the premium… Continue reading BYD Launches Denza in Europe—Another Mighty Impressive EV Brand the US Won’t Get