Senmiao Technology Announces Business Cooperation with Ctrip Affiliate

CHENGDU, China, May 20, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced that its wholly-owned subsidiary Hunan Xixingtianxia Technology Co., Ltd. (“XXTX”) has entered into… Continue reading Senmiao Technology Announces Business Cooperation with Ctrip Affiliate

Meritor to Acquire Siemens Commercial Vehicles Electric Propulsion Business

Complementary Product Portfolio to Expand Technical Capability and Offerings TROY, Mich., May 20, 2022  /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash, adjusted for changes in working capital at closing. The transaction is expected… Continue reading Meritor to Acquire Siemens Commercial Vehicles Electric Propulsion Business

German Manager Magazin: Customcells: Dirk Abendroth gets Porsche stake on board001797

The Porsche holding Customcells brings a specialist for electromobility to the top. Dirk Abendroth will become the new CEO, the Tübingen company announced on Friday. Customcells is a spin-off of the Fraunhofer Institute and with around 150 employees develops high-performance battery cells for the automotive, marine, aviation, oil and gas industries. The VW subsidiary Porsche… Continue reading German Manager Magazin: Customcells: Dirk Abendroth gets Porsche stake on board001797

German Handelsblatt: 300 SLR Uhlenhaut Coupé: Mercedes classic car breaks Ferrari record with 135 million euros004343

Ein Mercedes-Benz 300 SLR Uhlenhaut Coupé aus dem Jahr 1955 ist am 5. Mai in einer geheimen Auktion in Deutschland für 135 Millionen Euro verkauft worden. Das hat Mercedes-Benz-Chef Ola Källenius bestätigt.Der Verkauf stellt den bisherigen Rekord von 48,4 Millionen US-Dollar, bezahlt im Jahr 2018 für einen 1962er Ferrari 250 GTO bei einer Auktion von… Continue reading German Handelsblatt: 300 SLR Uhlenhaut Coupé: Mercedes classic car breaks Ferrari record with 135 million euros004343

German Handelsblatt: Automaker: New luxury strategy: Mercedes cancels three compact cars and increases target margin to 14 percent004341

Mercedes boss Ola Källenius with the S-Class Anyone who wants to buy a Mercedes in the future will have to pay significantly more for it. (Photo: Bloomberg) Throughout its 135-year history, Mercedes-Benz has always aimed high. But the brand often failed because of its ambitions: whether as an integrated technology group, as a global corporation… Continue reading German Handelsblatt: Automaker: New luxury strategy: Mercedes cancels three compact cars and increases target margin to 14 percent004341

@VW Group: Mission started: The management team of the new battery company is in place!005086

The Volkswagen Group has lined up its launch crew for the mission to quickly and comprehensively industrialize new battery technologies. A highly talented team led by Frank Blome will work from their base in Salzgitter to expand the rapidly growing battery business and turn Volkswagen into a global cell manufacturer. To this end, a six-member… Continue reading @VW Group: Mission started: The management team of the new battery company is in place!005086

@Nissan: 2022/05/20 Nissan unveils all-new EV in the metaverse Nissan will hold a virtual re…000753

2022/05/20 YOKOHAMA, Japan – Nissan will hold a virtual reality unveiling today of the all-new Nissan Sakura electric minivehicle following its physical debut at Nissan Global Headquarters, also today. Fans can also take the Sakura for a spin in the metaverse at the Nissan Sakura Driving Island. The metaverse unveiling of the Sakura has been… Continue reading @Nissan: 2022/05/20 Nissan unveils all-new EV in the metaverse Nissan will hold a virtual re…000753

@Daimler: Vision AMG show car offers glimpse of all-electric future of Mercedes-AMG

Dedicated AMG.EA architecture for all-electric AMG models forms basis for extraordinary study Affalterbach/Nice.  Spectacular proportions defined by a long wheelbase and emphasised by short overhangs, powerful shoulders, large wheels, a distinctive rear spoiler and star-shaped headlamp signature – the Vision AMG makes an emotional statement from every perspective. This extraordinary show car from Mercedes-AMG offers… Continue reading @Daimler: Vision AMG show car offers glimpse of all-electric future of Mercedes-AMG

@GM: Buick Expands the Boundaries of Premium Mobility with Its All-New Flagship MPV

Buick Expands the Boundaries of Premium Mobility with Its All-New Flagship MPV 2022-05-19 SHANGHAI – Buick announced today that its all-new flagship MPV, the GL8 CENTURY, will make its global premiere at the upcoming Buick China Brand Day. “Since its debut in 2000, the GL8 has built an unparalleled presence in the premium MPV segment… Continue reading @GM: Buick Expands the Boundaries of Premium Mobility with Its All-New Flagship MPV

Arrival unveils prototype of dedicated ride-hail vehicle at TC Sessions: Mobility

Arrival, the U.K.-based commercial electric vehicle company, unveiled the first prototype of its purpose-built electric vehicle for ride-hailing on the TechCrunch Sessions: Mobility stage on Thursday. The company, which is perhaps best known for its potentially revolutionary goal of building multiple automated microfactories to produce vehicles regionally and locally rather than one big production line,… Continue reading Arrival unveils prototype of dedicated ride-hail vehicle at TC Sessions: Mobility