By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo (Reuters) – German carmaker Daimler plans to spin-off Daimler Truck, the world’s largest truck and bus maker, to allow it to focus on zero-emission vehicles and self-driving… Continue reading Daimler to spin off trucks in shift to electric, self-driving vehicles
Tag: VW
Daimler 2020 operating profit beats guidance and forecasts
By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Daimler said on Thursday a strong fourth quarter helped it post better-than-expected 2020 group operating profit and that it was optimistic for 2021. The Stuttgart-based maker… Continue reading Daimler 2020 operating profit beats guidance and forecasts
Electric moped startup Revel launches an EV charging business
Revel, the shared electric moped startup, is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said Wednesday that this new “Superhub,” which is located at the former Pfizer building in Brooklyn, will contain 30 chargers… Continue reading Electric moped startup Revel launches an EV charging business
Volkswagen Sees Sales Of Tesla Model Y Rival ‘Well Over’ 100,000 This Year
TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off… Continue reading Volkswagen Sees Sales Of Tesla Model Y Rival ‘Well Over’ 100,000 This Year
EU car sales: COVID recovery expected to start in 2021, auto industry says
Brussels, 3 February 2021 – After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID… Continue reading EU car sales: COVID recovery expected to start in 2021, auto industry says
German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545
According to insiders, the second largest Chinese car manufacturer FAW is reaching for the local one BMWPartner Brilliance. The state-owned FAW Group, which also works with Volkswagen and Audi Cars produced for the Chinese market could spend around six billion euros on a proposed takeover, reports the news agency Reuters on Wednesday exclusively. The agency… Continue reading German Manager Magazin: Chinese automaker FAW wants to buy BMW partner Brilliance000545
German car sales drop 30% in January – source
By Reuters Staff 1 Min Read An employee works at the A3 and A4 production line of the German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert HAMBURG (Reuters) – New passenger car registrations in Germany fell more than 30% in January to around… Continue reading German car sales drop 30% in January – source
Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
By Julie Zhu 4 Min Read (Reuters) – FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. FILE PHOTO: A man and a child look at… Continue reading Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
This hypercar is China’s first Belt and Road electric vehicle project
A new engineering and design startup called Silk EV headquartered in Italy’s venerable Motor Valley is more than just another attempt at making an electric hypercar. It’s also the latest arrow in the quiver for China’s massive Belt and Road project, though the first that deals with electric cars. Silk EV announced on Tuesday that… Continue reading This hypercar is China’s first Belt and Road electric vehicle project
Cadillac’s 2022 CT5-V Blackwing is brand’s most powerful vehicle ever, reaching 200+ mph
Take that, skeptics. The first two cars from Cadillac’s new Blackwing super-performance subbrand should silence the critics who decried the brand’s tinkering with the established V-series name for its fastest and most powerful vehicles. More accurately, their roaring engines and screaming tires will drown any complaints. The 2022 Cadillac CT4-V Blackwing and CT5-V Blackwing can… Continue reading Cadillac’s 2022 CT5-V Blackwing is brand’s most powerful vehicle ever, reaching 200+ mph