Tag: Daimler

Autos, pharma, luxury and more: The global sectors soaring after Trump’s tariffs walkback

General view of the City of London skyline, the capital’s financial district. Sopa Images | Lightrocket | Getty Images Stock markets soared on Thursday, after U.S. President Donald Trump’s jarring about-turn on most tariffs, with sectors paring multi-day losses. Trump dramatically reversed course on the White House’s trade policies on Wednesday, dropping his country-specific tariffs down… Continue reading Autos, pharma, luxury and more: The global sectors soaring after Trump’s tariffs walkback

German FAZ: Auto supplier Continental is broken down into three parts 009138

In the middle of the growing dispute over protectionism and tariffs, one of the largest German automotive suppliers drives its renovation. The DAX group Continental from Hanover announced on Tuesday that the division of the company should continue than previously known. Accordingly, three independent companies that can be more flexible and – so the management… Continue reading German FAZ: Auto supplier Continental is broken down into three parts 009138

German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009138

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

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