Tag: Daimler

Renault Selling Their Stake In Daimler, Says Partnership Remains Unchanged

Renault has announced plans to sell their entire 1.54% stake in Daimler. The proceeds from the sale of 16,448,378 shares will be used to help Renault “accelerate the financial deleveraging of its automotive activity.” That’s pretty vague, but Renault said their partnership with Daimler remains unchanged and is not impacted by the financial transaction. Of […]

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Torc Robotics Partners With Amazon To Make Autonomous Trucks For Daimler

In the race to build autonomous trucks, Daimler Trucks’ Torc Robotics is partnering with Amazon Web Services (AWS) for its cloud services. Daimler Trucks bought a majority stake in Torc Robotics in 2019 with the express purpose of developing Level 4 autonomous commercial vehicles. Many manufacturers in the transportation sector are betting big on autonomous […]

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Daimler Is Splitting Into Two Separate Companies, Car Side Will Be Renamed Mercedes-Benz

Daimler is splitting into two separate and “independent pure-play companies.” The move is “designed to unlock the full potential of its businesses,” and will see the company’s truck and bus unit spun-off into a new entity called Daimler Truck. The automaker says Daimler Truck will have a fully independent management team as well as its […]

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New Car Registrations Down By 25.5% Year-to-Date In The EU

The impact of the COVID-19 pandemic continues to leave its mark on the automotive industry, as in the first 11 months of the year new passenger car registrations dropped by 25.5 percent in the European Union. Sales plummeted from almost 12 million to around 9 million from January to November compared to the same period […]

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Mercedes Ready To Begin EV Production Across The Globe

Daimler’s EV production network is ready to begin manufacturing Mercedes-EQ models across the globe using existing plants. Come 2022, the carmaker’s portfolio will hold eight fully-electric Mercedes-EQ vehicles. Sitting at the head of the table will be the EQS flagship sedan, which will go into production in Sindelfingen, Germany, early next year. Other production sites […]

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