Daimler AG

Daimler establishes group focused on developing connectivity solutions

Freightliner truck on highway

As commercial vehicles and their associated systems go deeper into a connected world, the need to manage that overall connectivity in a thorough and cohesive way becomes more important. Daimler Trucks AG, parent company of Daimler Trucks North America (DTNA), has recognized that fact and is responding by creating the Connectivity Services Group (CSG).

CSG will be based at DTNA’s headquarters in Portland, Oregon, and led by Sanjiv Khurana, currently head of digital vehicle solutions at DTNA.

“Conne...

https://s29755.pcdn.co/news/daimler-establishes-group-focused-on-developing-connectivity-solutions

Volvo to begin production of Class 8 electric trucks in December

Volvo Trucks North America (VTNA) will begin building Class 8 VNR Electric models at its New River Valley plant in Dublin, Virginia, in early December, the Volvo Group subsidiary said Thursday.

An undisclosed number of 25 VNR day cabs planned for regional haul and drayage demonstration fleets are being tested in Southern California. They are part of the Volvo Low Impact Green Heavy Transport Solutions (LIGHTS) project. Volvo LIGHTS is a 15-partner cost-sharing program with the California Air...

https://www.freightwaves.com/news/volvo-to-begin-production-of-class-8-electric-trucks-in-december

Uber eyes ride-hailing business of $1.4 billion BMW-Daimler mobility venture

Uber eyes ride-hailing business of $1.4 billion BMW-Daimler mobility venture (Photo: FreeNow Spain)

Uber is in talks with German automakers Daimler AG and BMW AG to acquire their ride-hailing joint venture FreeNow, as reported by Bloomberg. If this deal goes through, Uber can significantly improve its market share in Europe, as FreeNow operates in more than 100 European cities.

A FreeNow buyout would be another high-profile deal for Uber, following its agreement to acquire Middle East-based ride-hailing company Careem for $1.7 billion, finalized earlier this year. 

This has been a major...

https://s29755.pcdn.co/news/uber-eyes-ride-hailing-business-of-1-4-billion-bmw-daimler-mobility-venture

Behind the scenes: How the GM-Nikola tie-up came together

When Steve Girsky made the deal to take Nikola Corp. (NASDAQ: NKLA) public in a reverse merger in March, one of his first calls was to General Motors CEO Mary Barra. He wanted to shop the idea of the automaker working with the electric truck startup on batteries and fuel cells.

As former vice chairman at GM (NYSE: GM), Girsky knew the company had deep reservoirs of expertise in both technologies. Former GM fuel cell engineers advised Nikola even before Girsky’s VectoIQ special purpose...

https://s29755.pcdn.co/news/behind-the-scenes-how-the-gm-nikola-tie-up-came-together

Daimler previews Q2 earnings upside surprise

Yellow Western Star truck on aroad

Daimler AG (OTC: DDAIF) will report better-than-expected second-quarter earnings next Thursday, July 23. But job cuts are a big part of the brighter picture.

“We took proactive decisions on costs and spending and focused intensely on working capital management,” said CEO Ola Kaellenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

“But, there is still much to do. Our systematic efforts to lower the break-even of the company by reducing costs and adjusting capacity will...

https://s29755.pcdn.co/news/daimler-previews-q2-earnings-upside-surprise

Will Nikola’s breakout chart path for other high-tech startups?

Nikola Badger electric pickup truck

As shares in electric truck startup Nikola Corp. (NASDAQ: NKLA) surge, a banker who ran the book on the company’s reverse merger said similarly structured public offerings in clean transportation are likely this year.

Nikola went public on June 4 following a merger with VectoIQ, a “blank check” company created specifically to invest in Nikola, which it chose from more than 100 companies it examined over two years. The official term is Special Purpose Acquisition Company (SPAC).

Nikola shares...

https://s29755.pcdn.co/news/will-nikolas-breakout-chart-path-for-other-high-tech-startups

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