Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.

Q1 2021 Adjusted Net Sales reached an all-time high of $507 million and grew 39% year on year. Revenue presented in accordance with IFRS was $216 million, also a record for Grab Quarterly Adjusted EBITDA improved by $233 million year on year to $(111) million Grab has filed a registration statement on Form F-4 with… Continue reading Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.

@Daimler: Flexible charging system for EQ vehicles and plug-in hybrids: a multi-talent for any type of socket

Stuttgart. With the new Flexible Charging System, Mercedes-Benz has created a charging solution for anyone who does a lot of driving in an electric vehicle and therefore needs variable options for charging it. The scope of delivery includes various adapters for household sockets and industrial sockets as well as for public charging points and wallboxes,… Continue reading @Daimler: Flexible charging system for EQ vehicles and plug-in hybrids: a multi-talent for any type of socket

Omega Seiki Mobility to invest INR 100 cr to set up EV manufacturing facility in UP

The OEM will invest Rs 100 crore in the state and will be creating 10,000 jobs in the next 2 years in Ghazipur, the company said in a release. New Delhi: Omega Seiki Mobility (OSM), part of the Anglian Omega Group of companies and Youth Rural Entrepreneur Foundation (YREF), signed on Monday a memorandum of… Continue reading Omega Seiki Mobility to invest INR 100 cr to set up EV manufacturing facility in UP

German Manager Magazin: Electric car: Every sixth electric car comes from VW, BMW or Daimler001010

According to a market study by the management consultancy PwC, the proportion of fully electric vehicles worldwide rose to 17 percent in the second quarter, and even to 50 percent for plug-in hybrids. The VW Group, BMW and Mercedes-Benz had sold a total of 246,000 battery cars and around 370,000 plug-in hybrids in the first… Continue reading German Manager Magazin: Electric car: Every sixth electric car comes from VW, BMW or Daimler001010

@VW Group: Inner Life – the interior of the future003614

To shape the future, Porsche designers cross boundaries. They take the best from traditions and origins – the brand essence, the values that have made the company successful. At the same time, they boldly add something new. To do so, they study people and their habits in general and Porsche drivers in particular. “In the… Continue reading @VW Group: Inner Life – the interior of the future003614

Kodiak Robotics’ founder says tight focus on autonomous trucks is working

Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and small(er) is paying off. It… Continue reading Kodiak Robotics’ founder says tight focus on autonomous trucks is working

German Manager Magazin: Demolition of Daimler: Mercedes Benz Group wants to keep 35 percent of Daimler Truck001003

Now the way is clear. Board of Directors and Supervisory Board of the Daimler-Group decided this Friday to split up the group. As already announced, the truck and bus business, which generated sales of 18.7 billion euros for the group in the first half of the year, is to be spun off into the newly… Continue reading German Manager Magazin: Demolition of Daimler: Mercedes Benz Group wants to keep 35 percent of Daimler Truck001003

German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002

The former boss of the traditional German brand Opel, Michael Lohscheller (52), is drawn to Vietnam. In the private conglomerate Vingroup, he is to head the Vinfast Global auto division, announced the company on Tuesday. Lohscheller is said to be the Vietnamese markets, USA, Canada, France, Germany and the Netherlands and initially expand business in… Continue reading German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002