Meeting CO2 targets in 2020, 2021 a challenge, says Daimler CEO

Daimler logo

Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the automaker is having a somewhat hard time to meet more strict European Union anti-pollution rules. Ola Kaellenius Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the […]

Geely, Mercedes-Benz launch $780 million JV for electric cars

Geely automobile holding

Zhejiang Geely Holding Group and Mercedes-Benz on Wednesday stated they would each spend 2.7 billion yuan ($388.77 million) in a China-based venture to construct “premium and intelligent electrified” vehicles under the smart brand. The 50:50 venture has gained regulatory approval and will be based in the Chinese coastal city in Ningbo, the Chinese and German […]

German Car Production Declines to Two Decades Low on Waning Exports

Berlin Germany

German car production declined to its lowest in nearly a quarter of a century as Europe’s largest economy continues to have a hard time from the fallout of a worldwide trade war. Automakers including Volkswagen AG, BMW AG, and Daimler AG produced 4.66 million vehicles in German factories in 2019, the weakest since 1996. The country’s VDA car lobby, which […]

Nokia, Daimler, others agreed to mediation to resolve a licensing dispute

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Nokia, Daimler, and several auto parts suppliers have agreed to independent mediation to find a solution for their technology licensing dispute, the Finnish telecoms equipment maker stated on Thursday. The move, if it leads to a successful result, could stave off a possible EU antitrust investigation after complaints by Daimler, Bury Technologies, Continental, Valeo and […]

Nokia suspends legal action against Daimler in the hope of mediation

Daimler

Nokia has suspended legal action against Daimler in the hope that mediation will fix their dispute over technology licensing fees. The decision drew a positive response from the German automaker, which reiterated that the two firms had differing legal views on the dispute. Nokia’s pursuit of charges from Daimler has thrown a spotlight on the […]

Daimler asks EU antitrust regulators to investigate Nokia patents

Daimler

Daimler has complained to EU antitrust regulators about Nokia patents important to car communications, a move underlining the tensions between tech firms and the auto industry on the use of major technologies. Tech companies and mobile telecoms providers are playing a significant role in the auto industry, with their technologies utilized in navigation systems, vehicle-to-vehicle […]

White House presses German automakers to boost U.S. investments

Volkswagen, BMW, Daimler logo

President Donald Trump pressed senior executives of top German automakers to boost their investments in the United States as the White House thinks about imposing new tariffs on European-made vehicles. German automakers stated after the meeting they informed Trump they planned to increase U.S. investments, but cautioned they would not be able to do so […]

Top German automakers stop sales of some plug-in hybrid cars in Europe

Daimler BMW logo

Volkswagen, BMW and Daimler-owned Mercedes-Benz have stopped sales of some of their plug-in hybrid cars in Europe following the new emissions regulations, Automotive News reported on Thursday. The new Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP) regime, that went into effect on September 1, gives higher CO2 readings compared to the old New European […]