Hints and tips:
Related Special Reports
...The French-led alliance was a typical cross-border tie-up of that time, and came just a year after the acquisition of Chrysler by Daimler-Benz sent shockwaves throughout the sector....
...Last year alone Waymo struck deals to build driverless ride-hailing vehicles with Volvo, cargo vans with Fiat Chrysler, and articulated lorries with Daimler....
...However, Audi does not have a US plant, while neither VW and BMW’s factories nor Daimler’s Mercedes-Benz plants are unionised....
...costs.Ultimately, mergers in the industry often come unstuck as rival engineering teams clash over whose technology is better, and entrenched corporate cultures fail to gel, such as during the disastrous Daimler-Chrysler...
...Daimler’s financial services arm, Daimler Mobility, was hit by supply bottlenecks in the last quarter, but the Stuttgart-based carmaker said it, too, was aiming to “utilise new market potential in the used-car...
...Many carmakers teamed up with cleaner rivals to avoid paying fines, such as Fiat Chrysler’s arrangement with Tesla or Ford’s deal with Volvo Cars....
...Daimler, VW and BMW said they believed supply would begin to normalise in 2022. But some warn carmakers may be about to hit a rockier period....
...But premium brands Daimler, Porsche and Audi were able to weather the storm, reporting a strong set of earnings....
...The move, which is the largest reorganisation of Daimler since its demerger from Chrysler more than a decade ago, “crystallises value that is hidden in the conglomerate”, he added....
...Waymo last year struck deals to build driverless ride-hailing vehicles with Volvo, cargo vans with Fiat Chrysler and semi-trucks with Daimler, to name a few....
...The need to consolidate spending was the rationale for the €50bn merger of France’s PSA and Fiat Chrysler to create Stellantis, as well as the driving force behind Ford’s global alliance with VW....
...Daimler has established a joint venture with arch-rival Volvo to develop hydrogen-powered trucks. Tavares is also preparing to launch a fleet of trucks powered by hydrogen fuel cells....
...Bob Lutz, a former vice-chair of General Motors and president of Chrysler who was once doubtful about Tesla’s chances of survival, now calls Musk’s impact on the auto industry “unbelievable — nothing short...
...Domestic rivals Daimler and BMW have both confirmed they were compliant with the new rules, thanks to a late surge in demand for plug-in hybrid vehicles....
...Fiat Chrysler (FCA) formed a so-called “pool” with Tesla, which as a purely electric carmaker accrues credits for every vehicle sold....
...Fiat Chrysler, which was late in developing electric cars, already pooled with Tesla late last year to allow it to hit the goals....
...Germany’s Daimler has also raised a new line, setting up a €12.5bn facility in April, while Renault last month signed a €5bn euro credit line backed by the French state....
...The Swedish company became the third European carmaker to issue a green bond after Daimler and Volkswagen both entered the market last month....
...Italy’s Fiat Chrysler will shut eight sites, including six in its home market....
...Separately on Friday, BMW announced it was suspending its collaboration with arch-rival Daimler on developing autonomous driving technology....
...That sounds awkwardly like the “merger of equals” tag attached to the failed union of Daimler and Chrysler....
...On Tuesday, BMW confirmed it had applied to furlough 20,000 workers following Daimler, which has put the majority of its 170,000 staff in Germany on reduced hours, and VW, which has put 80,000 employees...
...France’s PSA and Italy’s Fiat Chrysler are merging to help boost their electric investments, while Volkswagen and Ford have also pooled some development resources....
...Ford, Volkswagen, Daimler and Nissan announced further closures across Europe on Tuesday, following Renault, Fiat, Toyota and Peugeot owner PSA on Monday, as the continent’s industrial heartland ground to...
...Germany’s carmakers also suffered, with Daimler down 11 per cent, BMW falling 12 per cent and VW dropping 13 per cent....
International Edition