Nissan Motor sold its stake in Daimler AG for 1.15 billion euros. The Japanese automaker intends to improve its position with the deal. The Japanese automaker decided to follow the path of its partner – French Renault, which sold its stake in Daimler AG back in March 2021 for 1.14 billion euros. Information has been… More
The Daimler Truck Division and Volvo said Thursday they will begin producing hydrogen fuel cells in Europe in 2025 through a joint venture, and called on EU authorities to help make the zero-emission technology commercially viable. German and Swedish large truck makers formed their joint venture Cellcentric in March. They said they would provide more… More
Daimler CEO Ola Kallenius explained why Mercedes-Benz used traditional exterior mirrors in its flagship EQS electric car instead of modern aerodynamic cameras. The words of the top manager are reported by Automotive News Europe. At the moment, a number of manufacturers use special cameras in narrow housings on their electric models in order to increase… More
Renault plans to sell its stake in Daimler for about 1.2 billion euros, raising funds to recover from a record annual loss. According to a statement made by its representatives on Thursday, the French automaker will exit its Daimler stake of about 1.5%. Renault has reportedly already had buyers for all of the shares, who… More
The European Union’s intellectual property office (EUIPO) has registered Daimler’s patents for indexes of future Mercedes-AMG electric cars. It is known that the new Mercedes-Benz model called EQE will be an analog of the e-class sedan, built on a purely “electric” platform of Electric Vehicle Architecture (EVA). Now it turned out that the novelty will… More
Daimler and Geely, according to Reuters, plan to jointly develop a ” highly efficient modular engine of the next generation.” It will be produced in Europe and China for use in hybrid powerplants. Cooperation will allow partners to reduce costs against the background of a pandemic and a tightening of economic regulations. An anonymous Daimler… More
German carmaker Daimler reached a settlement agreement with the US authorities for “diesel scandal”. It is reported that the automaker will be forced to pay 1.27 billion euros for a deal with the American authorities, and about 600 million Euro for collective civil suit. Representatives of Daimler declare that all the details of the transaction… More
A joint venture created last year by automakers Daimler and Geely after the partition of the brand smart, gained a more defined shape and perspectives: partners, told about the structure and leadership of the updated company. Registered in China SP Smart Automobile Co. Ltd. got a “daughter” named Smart Europe GmbH with office in Stuttgart,… More
On Thursday, the German company announced that it intends to cease production of the Mercedes-Benz sedans in the United States and Mexico, as part of measures to reduce costs to optimize production. Representatives of Daimler spoke about that in the second quarter operating loss will be less than expected, and will be 1.68 billion euros… More
The third level of the autopilot in the car still requires a driver behind the wheel, which the system will take over. The fourth level implies that the electronics person is not supposed to and handles herself in most situations. Last year, the concerns BMW and Daimler signed an agreement on long-term strategic cooperation in… More