Volvo resurrects plans for IPO

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Daimler, Volvo seek huge cuts in hydrogen fuel cell costs by 2027

Daimler Trucks and Volvo AB (VOLVb.ST) said on Thursday they aim jointly to cut the costs of hydrogen fuel cells by a factor of five or six by 2027 as they seek to make the zero-emission technology commercially viable for long-haul trucking. But even if cellcentric, the fuel-cell joint venture the two companies formed in… Continue reading Daimler, Volvo seek huge cuts in hydrogen fuel cell costs by 2027

Tesla refutes Elon Musk’s timeline on ‘full self-driving’

What Tesla CEO Elon Musk says publicly about the company’s progress on a fully autonomous driving system doesn’t match up with “engineering reality,” according to a memo that summarizes a meeting between California regulators and employees at the automaker. The memo, which transparency site Plainsite obtained via a Freedom of Information Act request and subsequently… Continue reading Tesla refutes Elon Musk’s timeline on ‘full self-driving’

@BMW: First quarter: Transformation accelerated – core business significantly strengthened001105

Munich. The BMW Group continued to grow extremely dynamically in the first quarter 2021 – as demonstrated by its outstanding reported figures. The Group is systematically driving its transformation process at a high pace, reaching new milestones in terms of e-mobility, digitisation and sustainability. At the same time, it was able to strengthen its business… Continue reading @BMW: First quarter: Transformation accelerated – core business significantly strengthened001105

Used car values see largest increase in 12 years

The used car market is going strong, as cap hpi reports an overall increase of 2% at the 3-year point during April, equivalent to c.£275 per vehicle. This rise is higher than in any month since March 2009. It comes at a time of year when traditionally values tend to drop. However, once the dealerships… Continue reading Used car values see largest increase in 12 years

Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric

GOTHENBURG, Sweden and STUTTGART, Germany, April 29, 2021 /PRNewswire/ — Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With… Continue reading Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric

@Daimler: Daimler Truck AG and Volvo Group fully committed to hydrogen-based fuel-cells

Stuttgart, Germany / Gothenburg, Sweden – Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the… Continue reading @Daimler: Daimler Truck AG and Volvo Group fully committed to hydrogen-based fuel-cells