EV chipmaker Wolfspeed set to receive $750 million US chips grant
Wolfspeed, which has clients including GM and Mercedes, makes silicon carbide chips for efficiently transmitting EV battery power to motors.
China-Europe rivalry heats up at Paris car show as EV tariffs loom
Chinese and European automakers clashed at the Paris car show as the EU plans tariffs on Chinese EVs amid weak demand.
Porsche’s nine-month China sales plunge by third
Porsche on Friday posted a 29 per cent nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in...
China’s Chery assembles cars in Russian plants vacated by Western rivals
Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen...
Daimler Truck Q3 sales drop 11%, dragged down by Mercedes brand, Asia
The world's biggest truckmaker delivered 114,917 units in July through September, versus 128,861 in the same period last year.
LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America
LGES signed a deal to supply EV batteries to a Mercedes affiliate, boosting shares 5.7 per cent despite forecasting lower profits.
As EU targets Chinese cars, European rivals sputter
EU targets Chinese EVs with new tariffs to shield European automakers.
Macron backs Chinese EV tariffs as Scholz calls for dialogue
French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to Berlin on Wednesday.
European autos stocks wipe off $10 billion after Stellantis warning
European auto stocks dropped four per cent as Stellantis, Volkswagen, and Aston Martin warnings highlight earnings and demand woes.
Mercedes-Benz and Hydro Join Forces in the Brazilian Amazon to Foster Long-Term Development Along Their Aluminum Supply Chain
NEW YORK--(BUSINESS WIRE)--At the New York Climate Week, Mercedes-Benz and Hydro elevate their strategic partnership by enhancing the vertical integration of their aluminum...
