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 […]

Read More

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 […]

Read More