The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December10, 2021. REUTERS/Staff Register now for FREE unlimited access to reuters.com Register FRANKFURT, Dec 10 (Reuters) – Spinning off Daimler Truck (DTGGe.DE) has already proven a solid move to unlock value for Daimler AG (DAIGn.DE) shareholders, CEO Ola Kaellenius… Continue reading Daimler Truck spin-off already unlocking value, Daimler CEO says
Tag: Strategy
Bollinger electric chassis could underpin commercial vehicles – Automotive News
Startup Bollinger Motors is working with EAVX, an engineering consulting and product development firm, to develop all-electric commercial vehicles. December 02, 2021 11:10 AM {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Editor’s note: An earlier version of this story… Continue reading Bollinger electric chassis could underpin commercial vehicles – Automotive News
Daimler Truck launched on stock exchange as an independent company
STUTTGART, Germany and FRANKFURT, Germany, Dec. 10, 2021 /PRNewswire/ — Today’s first day of trading on the Frankfurt Stock Exchange marks the start of a new era for Daimler Truck. Following the spin-off from Daimler AG, today’s first day of listing symbolizes Daimler Truck’s embarkment into unrestricted entrepreneurial independence. This is probably the most important milestone… Continue reading Daimler Truck launched on stock exchange as an independent company
General Motors returns to rare earth magnets with two U.S. deals
Dec 9 (Reuters) – General Motors Co (GM.N) plans to source rare earth magnets for its future electric vehicles from new U.S.-based manufacturing facilities under two separate deals announced on Thursday, a return to an industry the automaker had all but abandoned in the 1990s. The agreements with MP Materials Inc (MP.N) and privately-held Vacuumschmelze… Continue reading General Motors returns to rare earth magnets with two U.S. deals
@GM: General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. December 9, 202…
General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. Rare earth materials sourced from Mountain Pass, California, will be manufactured into magnets at new MP Materials production facility in Fort Worth, Texas Rare earth magnets are critical components in GM Ultium Platform EV motors… Continue reading @GM: General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. December 9, 202…
@GM: General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth December 9, 2021
General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth DETROIT – General Motors (NYSE: GM) is taking another major step forward in creating a strong, sustainable and scalable supply chain for electric vehicles. Today, GM and VAC of Germany announced plans for VAC to… Continue reading @GM: General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth December 9, 2021
Volkswagen’s Herbert Diess to Remain C.E.O., With Less Control
BERLIN — Volkswagen’s chief executive, Herbert Diess, won fresh backing from the automaker’s supervisory board on Thursday, but his responsibilities will be pared as the company seeks to win back investor confidence lost in recent weeks during a dispute about his leadership style. As part of a compromise deal reached with Mr. Diess, 63, more… Continue reading Volkswagen’s Herbert Diess to Remain C.E.O., With Less Control
GM brings in partners to build up North American EV supply chain
To reach $90 billion in electric vehicle revenue by 2030, General Motors Co. is continuing to grow a North American-focused supply chain for its coming EVs and on Thursday revealed two new partners in that mission. First, GM has formed a supply partnership for rare earth materials, alloy and finished magnets for electric motors from… Continue reading GM brings in partners to build up North American EV supply chain
@VW Group: Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site004332
Within the framework of Planning Round 70, the Volkswagen Group today resolved to further electrify its European plants in pursuit of its goal of becoming global market leader in electric mobility by 2025. Thus, the Group vigorously drives forward the implementation of its NEW AUTO strategy. The Group headquarters and manufacturing site in Wolfsburg will… Continue reading @VW Group: Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site004332
@VW Group: Volkswagen’s Supervisory Board strengthens Group Board of Management team004331
Volkswagen AG is strengthening its Group Board of Management to deal with the next phase of the transformation. As part of this, the structure of the management body and its functions will be reorganised to make the company even more effective in tackling the challenges of the years ahead. The Group’s Supervisory Board adopted the… Continue reading @VW Group: Volkswagen’s Supervisory Board strengthens Group Board of Management team004331