Tag: Daimler

German FAZ: How Dacia wants to get away from the cheap image010541

Although Dacia, the cheaper brand of the Renault Group, has recently had great success, the new boss Katrin Adt does not want to enjoy her laurels in peace. On the contrary: “We need change because the world around us is changing,” Adt told the F.A.Z. “Dacia has to reinvent itself so that we can remain… Continue reading German FAZ: How Dacia wants to get away from the cheap image010541

Mitra EV raises $27 million to scale its fleet electrification platform

Mitra EV, provider of a commercial fleet electrification platform, has closed a $27-million financing round including equity funding from lead investor Ultra Capital and a credit facility from S2G Investments. Mitra will use the new funding to expand its shared charging network, deploy additional fleet solutions, and scale its electrification model into new markets.  “The… Continue reading Mitra EV raises $27 million to scale its fleet electrification platform

Third Mercedes-AMG EV will be a 1000bhp SUV Coupe

Mercedes-AMG will launch a coupe variant of its incoming 1000bhp SUV as the third model in its EV range, CEO Michael Schiebe has confirmed to Autocar. The decision to launch a SUV Coupe, which is expected to be unveiled in the second half of 2027, is because the brand “will double down on SUVs”, said… Continue reading Third Mercedes-AMG EV will be a 1000bhp SUV Coupe

German FAZ: ECJ strengthens EU sanctions regime against Russia010536

Buying a used car from a private seller in Russia does not generate revenue for the Russian state on a scale that would help President Vladimir Putin in the war against Ukraine. With this reason, the buyer of a Mercedes from Russia defended himself against the seizure of his car by the main customs office.… Continue reading German FAZ: ECJ strengthens EU sanctions regime against Russia010536

German FAZ: How Dacia wants to get away from the cheap image010536

Although Dacia, the cheaper brand of the Renault Group, has recently had great success, the new boss Katrin Adt does not want to enjoy her laurels in peace. On the contrary: “We need change because the world around us is changing,” Adt told the F.A.Z. “Dacia has to reinvent itself so that we can remain… Continue reading German FAZ: How Dacia wants to get away from the cheap image010536

Adient Q1 Earnings Call Highlights

Adient NYSE: ADNT executives said the company delivered a “solid start” to fiscal 2026 and raised full-year guidance following a first-quarter performance that navigated several temporary customer and supply disruptions. On the company’s earnings call, President and CEO Jerome Dorlack and CFO Mark Oswald pointed to improving North American production expectations, continued growth in China,… Continue reading Adient Q1 Earnings Call Highlights

Tata Motors to Begin JLR Assembly at Chennai Plant

Tata Motors will soon begin assembling Jaguar Land Rover (JLR) vehicles at its Panapakkam plant near Chennai, marking an expansion of its luxury vehicle manufacturing footprint in India, the company said during its earnings call. The automaker did not disclose which JLR models will be assembled at the new facility. Company executives said only that… Continue reading Tata Motors to Begin JLR Assembly at Chennai Plant

UAW, Volkswagen reach tentative deal at Tennessee plant

The agreement provides workers with a 20 per cent pay increase over the contract. Volkswagen and the United Auto Workers reached a tentative agreement on their first contract at a plant in ‌Tennessee, nearly ‌two years after workers voted in favor of joining the labor group, the union ‌said Wednesday evening. The agreement provides workers… Continue reading UAW, Volkswagen reach tentative deal at Tennessee plant