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Nissan Dumping Stake in Daimler

On Tuesday, Nissan Motor Co. announced that it would be selling its shares of Daimler AG. The Japanese firm owns about 1.5 percent of Germany’s oldest automaker and the move is something many were predicting after Renault did the same in March. Nissan’s offloading will mimic its partners and likewise use an accelerated bookbuild offer that […] The post Nissan Dumping Stake in Daimler appeared first on The Truth About Cars.
Tags: Investments, Germany, Shares, Autos, Stocks, Nissan, Daimler, Renault, Daimler AG, Nissan Motor Co, News Blog


Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects of truck production will remain separate. The loc...
Tags: TC, Transportation, Europe, Tech, Tesla, European Union, Automotive, Volvo, Daimler, Bosch, Hydrogen Fuel Cell, Daimler Trucks, Volvo AB, Lars Stenqvist, Volvo AG, Volvo CTO


Volvo AB and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects of truck production will remain separate. The loc...
Tags: TC, Transportation, Europe, Tech, Tesla, European Union, Automotive, Volvo, GreenTech, Daimler, Bosch, Hydrogen Fuel Cell, Daimler Trucks, Volvo AB, Lars Stenqvist, Volvo CTO


Chip Shortage Forcing Daimler to Stall Production

In today’s update on the semiconductor shortage, we learn that Daimler has elected to place over 18,000 Mercedes-Benz employees on reduced schedules. With an insufficient number of chips, the manufacturer cannot produce vehicles with sufficient reliability and has decided to ease off until resupplies are more predictable. Unfortunately, that’s unlikely to happen for at least […] The post Chip Shortage Forcing Daimler to Stall Production appeared first on The Truth About Cars.
Tags: Supply Chain, Industry, Autos, Automotive Industry, Chips, Mercedes Benz, Mercedes, Suppliers, Semiconductor, Daimler, Industry News, Daimler AG, News Blog, Chip Shortage, Semiconductor Shortage


AutoX partners with Arbe to bring ultra-high resolution radars to its autonomous vehicle fleet

Tel Aviv-based ultra-high resolution radar startup Arbe Robotics has a new customer: Chinese autonomous driving company AutoX, which has procured 400,000 Arbe-based radar systems to go in its Level 4 fleet. The companies said in a statement that Arbe’s platform addresses “core issues” that have been the source of recent AV motor accidents, such as correctly identifying vulnerable road users like cyclists and pedestrians, detecting stationary objects, and removing false alarms caused by ambiguiti...
Tags: TC, Transportation, California, China, Tel Aviv, Tech, Automotive, Shanghai, Nvidia, Autonomous Vehicles, Radar, Daimler, Shenzhen, Bosch, Mediatek, Waymo


China’s Xpeng in the race to automate EVs with lidar

Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar. China’s Xpeng begs to differ. Founded in 2014, Xpeng is one of China’s most celebrated electric vehicle startups and went public when it was just six years old. Like Tesla, Xpeng sees automation as an integral part of its strategy; unlike the American giant, Xpeng uses a combination of radar, cameras, high-pr...
Tags: TC, Transportation, Asia, Elon Musk, White House, China, Cloud Computing, Cars, Tech, Tesla, Engineer, Artificial Intelligence, Automotive, United States, Automation, Alibaba


From The Red Pig to Fast Boats: 10 Interesting Facts About Mercedes-AMG

Did you know AMG is a combined abbreviation of its founders’ surnames and the place where the company was first established? Who would have thought that Mercedes-AMG started as a simple two-person operation in the 1960s? From humble beginnings to becoming a respected global performance brand, here are 10 interesting facts about Mercedes-AMG. #1: Mercedes-AMG: What’s in a Name? As previously mentioned, the AMG moniker is derived from the surnames of company founders Hans Werner Aufrecht a...
Tags: Usa, United States, Magazine, Autos, Miami, Motorsports, Daimler, Stuttgart, Amg, Mercedes Benz, Mercedes AMG, Melcher, Daimler Benz, Affalterbach, SEL, Mercedes SLS AMG


Berlin’s Blacklane raises $26M to expand its high-end chauffeur-driven sustainable car service

As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. Blacklane — the Berlin startup that provides on-demand black-car chauffeur services in Berlin, London, Dubai, Los Angeles, New York, Paris, Singapore and 16 other cities — has closed a round of €22 million ($26 million at current rates). After taking a majority stake in H...
Tags: TC, Transportation, Uber, Europe, London, Germany, Berlin, Funding, Tech, Automotive, Jaguar, GreenTech, Uae, Daimler, Recruit Holdings, Teslas


Daimler is converting its engine plant in Berlin into a digital campus and hundreds of jobs may be in danger

Costing around $2.4 million, the conversion project could offer employees long-term prospects. Getty Images/Silas Stein/picture alliance Daimler plans to close its oldest plant in Germany and make it digital, Handelsblatt reported. The $2.4 million conversion is part of a cost-cutting scheme that will cut 20,000 jobs by 2025. The future factory will focus on electromobility and will assemble smaller parts for electric cars. See more stories on Insider's business page. Daimler is plan...
Tags: Transportation, Uber, Germany, Berlin, Cars, International, Trends, Getty Images, Mercedes, Daimler, Nordic, Reuters, Mercedes Benz, Handelsblatt, IG Metall, Ola Kallenius


Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for its serene canals and classical gardens, offers subsidized offices and policy support to attract high-tech firms. It seems to have chosen well. Momenta exceeded $1 billio...
Tags: Amazon, TC, Transportation, Asia, Japan, China, Tech, Tesla, Artificial Intelligence, Automotive, Ireland, Shanghai, Alibaba, Tencent, Toyota, Lincoln


Judge Approves Daimler AG’s $1.5 Billion Diesel Emissions Settlement

On Tuesday, a federal judge approved a $1.5 billion settlement to pump the brakes on an investigation conducted by the U.S. government pursuing claims that Daimler used illicit software that allowed excess diesel emissions on 250,000 units. This runs in tandem with another $700 million settlement the automaker is making with vehicle owners, which is […] The post Judge Approves Daimler AG’s $1.5 Billion Diesel Emissions Settlement appeared first on The Truth About Cars.
Tags: Scandal, Government, Regulations, Industry, Investigations, Autos, Automotive Industry, Mercedes-benz, Clean Air Act, Diesel, Emissions, Settlement, Daimler, Industry News, Dieselgate, Carb


The Aston Martin DBX is a tale of two vehicles

The Aston Martin DBX is the brand’s first SUV — and the stakes for the iconic British luxury car maker couldn’t be higher. Like Astons before it, the DBX is objectively handsome. Its sculptural form stretches out to unapologetic ample proportions, and stands out in the crowd of SUVs that frequent the private-school pickup lane. It’s an opulent design that scores high on aesthetics, performance and character. It’s also a vehicle that arrives late to the ultra premium SUV segment, and lacks the in...
Tags: Reviews, TC, England, Wales, Tech, Automotive, Vw, James Bond, Bmw, Mercedes, Aston Martin, Weir, Daimler, Apple Carplay, Amg, Mercedes Benz


Daimler Is Just Going to Be Mercedes-Benz, Says CEO

Daimler had decided some serious changes need to be made before the end of 2021, including a name swap and separate listing for its commercial truck division. While the reason given was to better facilitate the company’s transition toward a “zero- emissions and software-driven future,” investors have been critical of Daimler’s share price after it […] The post Daimler Is Just Going to Be Mercedes-Benz, Says CEO appeared first on The Truth About Cars.
Tags: MB, Industry, Auto Industry, Autos, Mercedes Benz, Mercedes, Daimler, Industry News, Daimler Trucks, Daimler AG, News Blog, Restructuring, Spin-offs, Truck & Bus


Sila Nanotechnologies raises $590M to fund battery materials factory

Sila Nanotechnologies, a Silicon Valley battery materials company, has spent years developing technology designed to pack more energy into a cell at a lower cost — an end game that has helped it lock in partnerships with Amperex Technology Limited as well as automakers BMW and Daimler. Now, Sila Nano, flush with a fresh injection of capital that has pushed its valuation to $3.3 billion, is ready to bring its technology to the masses. The company, which was founded nearly a decade ago, said Tuesd...
Tags: TC, Transportation, Tech, Tesla, Automotive, Batteries, Silicon Valley, Bmw, North America, Daimler, Sutter Hill Ventures, Alameda, Coatue, Amperex Technology Limited, T Rowe Price Associates Inc, Sila Nanotechnologies


Startups look beyond lidar for autonomous vehicle perception

Last CES was a time of reckoning for lidar companies, many of which were cratering due to a lack of demand from a (still) non-existent autonomous vehicle industry. The few that excelled did so by specializing, and this year the trend has pushed beyond lidar, with new sensing and imaging methods pushing to both compete with and complement the laser-based tech. Lidar pushed ahead of traditional cameras because it could do things they couldn’t — and now some companies are pushing to do the same wit...
Tags: TC, Gadgets, Transportation, Hardware, Tech, Automotive, Autonomous Vehicles, Dslr, Lidar, Daimler, McIntyre, Sense Photonics, Nodar, Nodar COO, Brad Rosen, Shauna McIntyre Sense


Mercedes' flagship EV will have a giant, 56-inch screen spanning the entire width of the car - check it out

MBUX Hyperscreen. Mercedes-Benz The MBUX Hyperscreen is a giant screen that'll go in Mercedes-Benz's upcoming flagship EV, the EQS. It will stretch across the entire width of the car. The curved, OLED screen is over 56 inches wide. Visit Business Insider's homepage for more stories. Mercedes-Benz appears to be going all-in with the screens. Or screen, I should say.Not only can the brand's new S-Class flagship be fitted with as many as five screens, but the German automaker also wants to ou...
Tags: Transportation, Trends, Autos, Mercedes Benz, Mercedes, EVs, Daimler, Kristen Lee, BITranspo, Mercedes-benz Eqs, Mercedes Benz Vision EQS, Hyperscreen, MBUX Hyperscreen, MBUX Hyperscreen Mercedes Benz, Hyperscreen Mercedes Benz Mercedes, MBUX Hyperscreen Mercedes Benz Front


Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox

The battle is heating up between Tesla and its Chinese challenger Xpeng as the latter makes clearer its stance on the future of autonomous driving. Over the weekend, Xpeng, which counts Xiaomi and Alibaba among its investors, announced that it will be using lidar sensors from Livox, a startup with closes ties to the Chinese drone giant DJI. The choice of remote sensing technology lidar and a Chinese supplier reflects the complexities of the U.S.-China tech war. Tesla has accused Xpeng of inte...
Tags: Startups, TC, Transportation, Asia, Elon Musk, China, Tesla, Artificial Intelligence, Automotive, Dji, Alibaba, Xiaomi, Baidu, Huawei, Lidar, Daimler


AutoLeap says it will repair your lousy relationship with car shops

No one likes having to go the automotive repair shop. There’s little transparency into what happens after a car is dropped off, invoices are often little more than a series of illegible bullet points, and the experience often feels chaotic. AutoLeap, a six-month-old, Toronto-based startup that quietly raised $5 million in seed funding in September, thinks its team can figure out how to repair that broken experience by bringing car repair shops into the 21st century at long last. Its big idea is ...
Tags: Startups, TC, Stanford, Boston, Toronto, Tech, General Motors, Automotive, Venture Capital, Las Vegas, Seattle, University of Toronto, Daimler, Global Founders Capital, Shift, Seed Funding


The Not-A-Defender Ineos Grenadier Will Be Built Alongside Smart Cars

Ineos Automotive has ditched its plans for a factory in Wales, opting instead to purchase Daimler's Hambach factory to produce the car
Tags: Wales, Autos, Daimler, Ineos Automotive, Hambach


Mercedes Reportedly Shipping the eSprinter Stateside in 2023

Mercedes-Benz is reportedly planning to bring an electric commercial van, presumably the eSprinter, to the United States as early as the third quarter of 2023. While the all-electric van launched earlier this year in Europe, the manufacturer said it wanted to hold off on North American exports for reasons that should be obvious to anybody […] The post Mercedes Reportedly Shipping the eSprinter Stateside in 2023 appeared first on The Truth About Cars.
Tags: Europe, Markets, United States, Electric Vehicles, Autos, Mercedes Benz, Mercedes, EVs, Daimler, Industry News, Daimler AG, News Blog, Cargo Vans, Automotive Sales, Produt Planning, eSprinter


Mobileye taps Luminar to supply lidar for its robotaxi fleet

Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising star paired with a company that has long dominated the automotive industry. While the supplier agreement is nowhere near the scale of Mobileye’s core computer vision business, it is an important collaboration that extends beyond a few pilot prog...
Tags: Transportation, Tech, Intel, Automotive, Volvo, Daimler, Russell, Mobileye, LUMINAR, Austin Russell, Dubai Tel Aviv Paris China, Daegu City South Korea Mobileye, Mobileye CEO Ammon Shashua


Reinventing the Wheel: Daimler Intentionally Becoming a Smaller Company to Facilitate Tech

Daimler Chairman Ola Källenius went against the grain on Thursday by admitting the company he’s been tasked with overseeing will become significantly smaller in five years. That’s normally not the kind of thing you want to telegraph to shareholders via the media but he’s convinced this is the best course of action for the business. […] The post Reinventing the Wheel: Daimler Intentionally Becoming a Smaller Company to Facilitate Tech appeared first on The Truth About Cars.
Tags: Technology, China, Germany, Corporate Strategy, Industry, Electric Vehicles, Autos, Mercedes-benz, EVs, Daimler, Industry News, Daimler AG, Ola Kallenius, News Blog


BMW Considers Joint Mobility Venture With Daimler

Despite every manufacturer on the planet eager to inject mobility services into the business, the array of programs that encompasses has yet to establish itself as a reliable source of revenue. Frankly, the whole thing seems like a gigantic money pit for the industry made worse by how loosely the term is defined. Customer data […] The post BMW Considers Joint Mobility Venture With Daimler appeared first on The Truth About Cars.
Tags: Autos, Mobility, Bmw, Daimler, Joint Ventures, Daimler AG, BMW Group, News Blog, Mobility Services


Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. The deal, which comes just days after Daimler and Waymo announced plans to work together to build an autonomous version of the Freightliner Cascadia truck, is the latest action by the German manufacturer to move away from robotaxis and shared mobility and instead focus on how automated vehicle...
Tags: Startups, Transportation, Tech, Automotive, Volvo, Lidar, Daimler, SPAC, Daimler Trucks, Russell, Gores, Freightliner Cascadia, TORC, LUMINAR, Austin Russell, Autonomous Trucks


Here integrates what3words’ super simple address system into its in-car API

Geocoding startup what3words — which chunks the world into 3mx3m squares, giving each a unique three-word label to simplify location sharing — has nabbed another in-vehicle integration, via a partnership with Here Technologies. The pair said today that OEMs using Here’s navigation platform can include what3words as an in-car nav feature directly through the Here Search API, instead of needing to integrate itself. Existing users of the platform will be able to be given access to what3word’s ad...
Tags: Startups, Tech, Automotive, Ford, Airbnb, Location Sharing, Daimler, What3words, In-car Navigation, Here Technologies, Chris Sheldrick, Geocoding, Mercedes Benz Tata Motors DB Schenker Hermes, Jørgen Behrens


Fancy Forward: Mercedes-Benz Can No Longer Cater to Plebs

Mercedes-Benz looks poised to retreat from high-volume compacts. During an online corporate strategy meeting held on Tuesday, Daimler CEO Ola Källenius indicated that the luxury subsidiary may have overextended itself. “Maybe we went at a bit too far to cover each and every space into each and every segment. Compact particularly comes to mind,” he explained. […] The post Fancy Forward: Mercedes-Benz Can No Longer Cater to Plebs appeared first on The Truth About Cars.
Tags: Investments, Corporate Strategy, Electric Vehicles, Autos, Mercedes Benz, Mercedes, EVs, Plebs, Daimler, Industry News, Daimler AG, Ola Kallenius, News Blog, Product Planning, Restructuring


Mercedes-Benz Abandons Manual Transmission, Sticks With Streamlining

As the manual transmission gradually joins the wheel-mounted throttle lever in the automotive history trash bin, we’ve been wondering which manufacture would be the next to take a bold stance against be-clutched vehicles. Today we have our answer, thanks to a tweet explaining the brand’s research boss had indicated Mercedes-Benz doesn’t have room for manuals […] The post Mercedes-Benz Abandons Manual Transmission, Sticks With Streamlining appeared first on The Truth About Cars.
Tags: Investments, Autos, Mercedes Benz, Mercedes, Daimler, Industry News, Daimler AG, News Blog, Manual Transmission, Restructuring, Savethemanuals, Mercedes Benz Abandons Manual Transmission Sticks


Mercedes plans a new slew of EVs, including AMG performance cars and ultra-luxury Maybach models

Members of the upcoming Mercedes-Benz all-electric EQ family, including the EQS. Daimler In a global strategy presentation on Tuesday, Mercedes-Benz detailed its electric future.  Mercedes’ all-new big-car platform, the Electric Vehicle Architecture, will debut with the EQS in 2021. The EQS will be an all-electric, S-Class-like luxury sedan. Following that will be electrified versions of other Mercedes cars, including AMG, Maybach, and G models. Visit Business Insider's homepage for more s...
Tags: Transportation, Europe, Trends, Autos, Volkswagen, Mercedes Benz, Mercedes, EVs, Electric Cars, MMA, Daimler, Amg, Daimler Mercedes, Sindelfingen Germany, Kristen Lee, Mercedes-Benz EQ


Daimler Agrees to Pay $2.2 Billion Diesel Emissions Settlement

Daimler has officially agreed to pay $2.2 billion as a resolution to the United States’ diesel emissions cheating investigation and over 250,000 claims from Mercedes-Benz customers. The automaker stated that it was likely going to settle in August, estimating a need to set aside roughly $1.5 billion to appease U.S. authorities. Another $700 million was […] The post Daimler Agrees to Pay $2.2 Billion Diesel Emissions Settlement appeared first on The Truth About Cars.
Tags: California, Regulation, United States, Vw, Autos, Mercedes Benz, Clean Air Act, Emissions, Daimler, Dieselgate, Daimler AG, News Blog


Daimler AG to pay $1.5 billion to settle emissions cheating probes

By MICHAEL BALSAMO and TOM KRISHER | Associated Press WASHINGTON — Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday. The U.S. Department of Justice, Environmental Protection Agency and the California attorney general’s office say Daimler violated environmental laws by using so-called “defeat device software” to circumvent emissions testing a...
Tags: Transportation, Europe, Business, News, California, Washington, Germany, Environment, Cars, California News, Sport, Soccer, Vw, Associated Press, Epa, West Virginia University



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