Daimler’s restructuring plan, issued in November, called for cutting its workforce by more than 10,000 to slash 1.4 billion euros ($1.6 billion) off personnel spending by 2022. Daimler AG Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of… Continue reading Daimler CEO sees ‘drastic’ pay cuts, deeper restructuring – ETAuto.com
Tag: Electric vehicles
IONITY Celebrates 250th Fast-Charging Station In Europe
IONITY, the European fast-charging network, founded in 2017 by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche AG, and joined by Hyundai Motor Group (Hyundai and Kia) in 2019, celebrates its 250th charging location. The company announced the news on July 3, 2020, about six months since the milestone of 200… Continue reading IONITY Celebrates 250th Fast-Charging Station In Europe
Fastned Acquires Fast-Charging Network MisterGreen
Fastned acquires fast charging network MisterGreen Amsterdam, 01 July 2020 | 17:40 Europe/Amsterdam Today Fastned announces it has taken over the fast charging company of MisterGreen. As a result Fastned has acquired the rights to operate fast charging stations at 16 high traffic service areas along national highways in the Netherlands. The locations are mostly… Continue reading Fastned Acquires Fast-Charging Network MisterGreen
@GM: GM Delivers Over 713,600 Vehicles in China in the Second Quarter SHANGHAI – General Motors and its joint ventures delivered more than 713,600 vehic…
Terms & Conditions LEGAL NOTICES PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE THIS WEB SITE (THE “SITE”) IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN… Continue reading @GM: GM Delivers Over 713,600 Vehicles in China in the Second Quarter SHANGHAI – General Motors and its joint ventures delivered more than 713,600 vehic…
Tesla secures more batteries from LG Chem, says report
Tesla has reportedly secured more battery supply from LG Chem who is going to assign capacity from a Korean factory to the California-based automaker. It wasn’t long ago that Panasonic was Tesla’s sole supplier of battery cells. Over the last few years, Tesla started branching out and made deals with Samsung SDI and LG Chem… Continue reading Tesla secures more batteries from LG Chem, says report
Italy to introduce subsidies to combustion engine cars to help industry: lawmakers
MILAN/ROME (Reuters) – The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters. Italy will be joining France and Germany in helping the automotive industry, which has been hammered by the coronavirus… Continue reading Italy to introduce subsidies to combustion engine cars to help industry: lawmakers
@Daimler: Next stage in the transformation process
In the course of its transformation process, Mercedes-Benz AG plans to utilize the high flexibility of its global production network and adjust its capacity to current market conditions. Against this backdrop, the company intends to start talks on the sale of its car plant in Hambach, France, with the aim of giving the location the… Continue reading @Daimler: Next stage in the transformation process
Audi, EnBW to turn electric car batteries into grid support tools
FRANKFURT (Reuters) – German carmaker Audi (NSUG.DE) and utility EnBW (EBKG.DE) are setting up an electric car battery operation at EnBW’s Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids. FILE PHOTO: The company logo is seen at the headquarters of the German… Continue reading Audi, EnBW to turn electric car batteries into grid support tools
Freyr Intends To Build Norway’s First Lithium-Ion Battery Cell Plant
FREYR completes NOK 130 million financing for Norway’s first lithium-ion battery cell facility Thu, Jul 02, 2020 13:48 CET On July 1st, FREYR successfully completed NOK 130 million of pre-construction financing of the first lithium-ion battery cell (LIB) facility in Norway with significant local and regional support. The proceeds will be used to complete the… Continue reading Freyr Intends To Build Norway’s First Lithium-Ion Battery Cell Plant
@Daimler: 03. Jul 2020Mercedes-Benz announces strategic partnership and equity stake in battery cell manufacturer Farasis
July 03, 2020 – Mercedes-Benz is taking another important step on its journey towards CO₂–neutral mobility. The Stuttgart-based luxury car manufacturer has launched a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Ltd., including taking an equity stake. This move represents another important milestone towards Mercedes-Benz’s “Ambition2039” CO₂-neutral goal. Key… Continue reading @Daimler: 03. Jul 2020Mercedes-Benz announces strategic partnership and equity stake in battery cell manufacturer Farasis