Tag: Daimler

Auto giants extend losses as Trump’s sweeping global tariffs take effect

A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a… Continue reading Auto giants extend losses as Trump’s sweeping global tariffs take effect

German Manager Magazin: Auto industry: Tesla loses market share in the electrical area to German manufacturer004119

The German car manufacturers have their market share in the electrical area in Germany significantly expanded at the beginning of the current year. As a study by the consulting company EY published on Wednesday shows, its market share rose to 66 percent in the first quarter of 2025, after 51 percent in the same period… Continue reading German Manager Magazin: Auto industry: Tesla loses market share in the electrical area to German manufacturer004119

BYD Launches Denza in Europe—Another Mighty Impressive EV Brand the US Won’t Get

President Trump’s seeming determination to keep Chinese EVs out of the US is not stopping BYD’s expansion plans, with the EV giant announcing today that it is bringing its premium sub-brand Denza to Europe. Sitting between the BYD main brand and its luxury high-end marque Yangwang, Denza is aiming to slot right into the premium… Continue reading BYD Launches Denza in Europe—Another Mighty Impressive EV Brand the US Won’t Get

Classic Cars Market to Reach USD 77.8 Billion by 2032, Growing At An 8.7% CAGR – Credence Research

PUNE, India, April 9, 2025 /PRNewswire/ — The global classic cars market was valued at USD 39.7 billion in 2024 and is poised for substantial growth, projected to reach USD 77.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.7% during the forecast period. This growth trajectory is primarily fueled by the… Continue reading Classic Cars Market to Reach USD 77.8 Billion by 2032, Growing At An 8.7% CAGR – Credence Research

German FAZ: Auto supplier Continental is broken down into three parts 009115

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 009115

German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009115

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 manufacturers009115

UK EV charging provider Paua adds Milence’s high-power electric truck charging sites to its network

Paua, a UK-based EV charging network for fleets, has partnered with charging solution provider Milence. Paua will integrate Milence’s high-power charging sites for electric trucks into its network, allowing fleet customers to gain access to Milence’s strategically-located charging hubs using Paua’s charging platform. Paua’s EV fleet charging platform provides seamless access to a UK-wide network… Continue reading UK EV charging provider Paua adds Milence’s high-power electric truck charging sites to its network