Tag: Daimler

Chinese Carmakers Sell Fewest EVs in Europe in 18 Months

(Bloomberg) — Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. Most Read from Bloomberg The 48% drop led to the second straight month of declining share for Chinese brands, based on figures provided by researcher Dataforce. MG,… Continue reading Chinese Carmakers Sell Fewest EVs in Europe in 18 Months

Chinese Carmakers Sell Fewest EVs in Europe in 18 Months

(Bloomberg) — Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. Most Read from Bloomberg The 48% drop led to the second straight month of declining share for Chinese brands, based on figures provided by researcher Dataforce. MG,… Continue reading Chinese Carmakers Sell Fewest EVs in Europe in 18 Months

German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604

The car company Stellantis is slashing its profit expectations for this year due to problems in the North American market and the weak industry situation. CEO Carlos Tavares (66) now only expects an operating profit margin of 5.5 to 7.0 percent adjusted for special effects, as Stellantis announced in Amsterdam. So far there should be… Continue reading German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604

German Manager Magazine: DAX record despite recession: How economic crisis and stock market rally fit together003604

A brief overview of the weather situation: This is what the leading economic institutes expect for Germany second year of recession in a row. The economy will continue to shrink in 2024 and only grow hesitantly in 2025, according to the researchers. Unemployment is increasing again, also because of tough austerity programs many corporations. The… Continue reading German Manager Magazine: DAX record despite recession: How economic crisis and stock market rally fit together003604

@niche: PORSCHE EMBRACES THE ELECTRON WASTELAND: IT WAS FUN WHILE IT LASTED.003556

Editor’s Note: This week, Peter details Porsche’s all-out push into electrification, which will thrust the brand into soulless appliance territory and serve as an existential threat to Porsche’s very existence. In “On The Table,” we preview Toyota’s expanded GR Corolla lineup for model year 2025. And our AE Song of the Week is “Lonely Boy” by Andrew Gold. In “Fumes,” we have the sixth installment of Peter’s popular… Continue reading @niche: PORSCHE EMBRACES THE ELECTRON WASTELAND: IT WAS FUN WHILE IT LASTED.003556

Fire breaks out at Chinese battery giant CATL plant

CATL’s base in the eastern province of Fujian, but the company said the effect of the now extinguished fire would not be significant. A fire broke out Sunday at a factory belonging to Chinese battery giant CATL, which supplies electric vehicle makers including Tesla, but only a “relatively small” impact on operations is expected, the… Continue reading Fire breaks out at Chinese battery giant CATL plant