Posts filtered by tags: Martin Daum[x]


 

Daimler Trucks buys a majority stake in self-driving tech company Torc Robotics

Daimler Trucks just announced that it’s acquiring a majority stake Torc Robotics, a deal that will see the two companies collaborating on the development of Level 4 self-driving trucks. Daimler Trucks is the world’s largest truck manufacturer and a division of the larger Daimler Group. Torc, meanwhile, was founded in 2005. For most of its history, it specialized in self-driving software and sensors for commercial, industrial and military use, before recently shifting its attention to consumer ve...
Tags: Startups, Automotive, Self-driving Trucks, Daimler, Daimler Trucks, Daimler AG, Michael Fleming, Blacksburg Virginia, Transdev, TORC, TORC Robotics, Martin Daum, Daimler Group Torc


Tesla customers can now pay up to $200,000 to reserve the electric Semi truck on the company's website (TSLA)

Tesla is allowing customers to reserve its upcoming electric semi-truck, the Semi, on its website. A reservation for the standard version of the Semi costs $20,000, while a reservation for the "founders series" version costs $200,000. Tesla says on its website that it expects the standard Semi to start at around $150,000 and the founders series version to cost around $200,000. Tesla plans to begin production for the Semi in 2020. Tesla is allowing customers to reserve its upcoming electric ...
Tags: Trends, Tesla, Bloomberg, TSLA, SEC, Morgan Stanley, Boeing, Daum, Bugatti, Daimler, Musk, Semi, UK China, Martin Daum, Pepsi Walmart, Anheuser Busch Read


The head of Daimler Trucks, one of the biggest truck makers in the world, reveals what he really thinks about Tesla's semi (TSLA)

Daimler Trucks CEO Martin Daum told Business Insider that he thinks Tesla's electric truck is 'fun,' but that he takes competition from them seriously. Daum also said that cracking the market for Tesla will be tough, specifically because to compete in the trucking space, you need to be able to achieve global scale. Daimler Trucks, which sold more than 500,000 trucks in 2018, is a global leader in trucks, and Daum said the company intends to defend that position.  LAS VEGAS — The man who runs ...
Tags: London, Trends, Tesla, Canada, United States, Las Vegas, Daum, Business Insider, Mercedes Benz, Volkswagen Group, United States Mexico, Daimler Trucks, PACCAR, Martin Daum, Volvo Navistar


Daimler Is Selling a Truck That Can Brake, Accelerate and Steer on Its Own

The updated Freightliner Cascadia, also with lane-keeping assistance, will fuse information from radar and cameras to enable partially autonomous technology, Daimler said Monday at the Consumer Electronics Show in Las Vegas. To maintain its lead over the likes of Volvo AB and Paccar Inc., the manufacturer said it plans to offer highly-automated vehicles, which don’t need drivers on some routes, within a decade. Highly-automated trucks will improve safety and boost the performance of logistics,...
Tags: Science, Las Vegas, Daimler, Consumer Electronics Show, PACCAR Inc, Volvo AB, Freightliner Cascadia, Martin Daum


Proterra raises $155 mln from Daimler, Tao Capital Partners, G2VP, others

Proterra said it raised $155 million in a deal co-led by Daimler and Tao Capital Partners and joined by G2VP and other technology investors. Proterra and Daimler also agreed to explore the electrification of select Daimler heavy-duty vehicles. A press release follows:   PROTERRA CLOSES $155 MILLION INVESTMENT FROM DAIMLER, TAO CAPITAL PARTNERS, G2VP AND OTHERS Investment supports strategic partnerships for electric vehicle development Burlingame, Calif. – September 19, 2018 – Today Proterra, a l...
Tags: America, Los Angeles, San Francisco, Trends, Portland Oregon, North America, Daimler, Tao, Thomas, Daimler Trucks, EBIT, Board of Management of Daimler AG, VC Deals, Tao Capital Partners, Tao Capital Partners Tao, Nick Pritzker


Tesla is letting some of its customers drive the all-electric Semi — here's what one thinks of it (TSLA)

Tesla is bringing its upcoming semi truck, the Semi, to some of its customers. One of those customers (UPS) complimented the vehicle. The Twitter account for UPS' Illinois branch posted videos of the Semi on Monday and said it offered a "smooth" ride.  The version of the Semi the company saw is likely a prototype. Tesla declined a request for comment. Tesla is bringing its upcoming electric semi truck, the Semi, to some of its customers. One of those customers — UPS — recently complimented t...
Tags: Twitter, Elon Musk, China, Trends, Tesla, Bloomberg, UPS, Arkansas, The Times, The New York Times, Nevada, Daum, Daimler, Musk, Jpmorgan, Fremont California


Daimler just unveiled an electric truck to take on Tesla's Semi

Daimler unveiled two electric trucks on Thursday, one of which will compete directly with Tesla's semi-truck, the Semi. The Freightliner eCascadia will have a range of 250 miles and be able to receive 200 miles of range from a 90-minute charge. Tesla's Semi will have double the range of the eCascadia, 500 miles, and be able to receive up to 400 miles of range from a 30-minute charge. Daimler unveiled two electric trucks on Thursday, one of which will compete directly with Tesla's semi-truck,...
Tags: Trends, Tesla, Bloomberg, Daimler, Freightliner, Martin Daum


Daimler invests in fast-charging electric battery firm StoreDot: Reuters

Israel’s StoreDot, which is developing fast-charging battery technology, said on Thursday it raised $60 million in a third round of financing led by the truck division of Germany’s Daimler (DAIGn.DE). The funding round also includes Lucion venture capital and financial institutions from Israel and China, as well as existing investors such as Samsung Ventures and Norma Investments, representing Russian businessman Roman Abramovich. Daimler has also joined as a strategic partner to accelerate the ...
Tags: China, Germany, Israel, Trends, Samsung Ventures, Daimler, Reuters, Daimler Trucks, VC Deals, Storedot, Martin Daum, Norma Investments, Abramovich Daimler


Local exec named CEO of Daimler Trucks North America

Roger Nielsen, the Fort Mill-based COO of Daimler Trucks North America, will soon have different letter in his title. In April, Nielsen becomes CEO and president of DTNA, which is the largest Charlotte-area manufacturer with an estimated 2,850 employees at four facilities. Nielsen, who told me years ago in an interview he likes to take a huge tractor part of a tractor-trailer to haircuts because the guys in the barber shop seem to enjoy it, replaces Martin Daum, who was promoted to the board o...
Tags: Nielsen, Coo, Charlotte, Daimler Trucks North America, Martin Daum, Roger Nielsen


Martin Daum moves up as Daimler Trucks North America names a new CEO

Daimler Trucks North America, which employs nearly 3,000 workers in Portland and Southwest Washington, has swapped out its longtime leader for another experienced truck-making hand. Martin Daum, who'd joined Daimler-Benz in 1987 and became the company's CEO in 2009, will become a "member of the board of management of Daimler AG" responsible for trucks and buses. The company said Wednesday Roger Nielsen has been appointed president and CEO of Daimler Trucks North America and its affiliated comp...
Tags: Portland, Daimler AG, Southwest Washington, Daimler Benz, Daimler Trucks North America, Martin Daum, Roger Nielsen