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Auto Blog News Feed: Daimler posts strong earnings as demand for cars rebounds

The Top Zones - Thu, 10/15/2020 - 23:31

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Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September. Third-quarter earnings before interest and tax reached 3.07 billion euros ($3.59 billion), Daimler said, beating the 2.14 billion Refinitiv forecast. To counter losses, Daimler's Mercedes-Benz has stopped building sedans in the United States to focus on more profitable SUVs, combined its fuel cell development with Volvo Trucks, and halted a

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Daimler posts strong earnings as demand for cars rebounds originally appeared on Autoblog on Thu, 15 Oct 2020 19:31:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Fiat Chrysler will invest up to $1.5 billion to build EVs in Windsor

The Top Zones - Thu, 10/15/2020 - 20:00

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The auto union said FCA would invest in a state-of-the-art vehicle platform that will enable the assembly of plug-in hybrid and battery electric vehicles, with at least one new model in 2025. The announcement comes less than a month after Unifor said Ford Motor Co would invest C$1.95 billion ($1.46 billion) in its Oakville and Windsor plants.

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Fiat Chrysler will invest up to $1.5 billion to build EVs in Windsor originally appeared on Autoblog on Thu, 15 Oct 2020 16:00:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Daimler CEO committed to F1, seeks to slash costs

The Top Zones - Wed, 10/14/2020 - 19:25

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Mercedes owner Daimler is committed to Formula One but is working to slash costs and cut the environmental impact of motor racing, Chief Executive Ola Kaellenius on Wednesday. "We have as little reason to step out of Formula One as Bayern Munich has to step out of football," he said during a virtual roundtable discussion with journalists on Wednesday. The carmaker is developing a plan to make the sport emissions neutral, including through the use of synthetic fuels, and wants to improve the co

Continue reading Daimler CEO committed to F1, seeks to slash costs

Daimler CEO committed to F1, seeks to slash costs originally appeared on Autoblog on Wed, 14 Oct 2020 15:25:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: From iPhones to e-axles — how one tech firm is pushing into electric vehicles

The Top Zones - Wed, 10/14/2020 - 17:50

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In recent years, Nidec's founder Shigenobu Nagamori has turned his attention to autos, and a technology which turns electricity stored in the battery into propulsion power. This technology, called an e-axle or e-drive, is emerging as a new competitive front as the auto industry shifts to electric vehicles. By 2030, Nagamori says he wants a 35% slice of a global e-axle market that is forecast to be worth $20-30 billion a year by then, up from an estimated $2.8-$3 billion now.

Continue reading From iPhones to e-axles — how one tech firm is pushing into electric vehicles

From iPhones to e-axles — how one tech firm is pushing into electric vehicles originally appeared on Autoblog on Wed, 14 Oct 2020 13:50:00 EDT. Please see our terms for use of feeds.

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