Category: Motor Age Articles

The enthusiasm by Tesla’s CEO was apparently spurred by feedback from company technicians who use Sprinter vans to travel to customers requiring service, Daimler chief Dieter Zetsche said.

The company said a customer-referral program was a more costly incentive than it realized.

Daimler is in talks about deepening its cooperation with China’s Geely, CEO Dieter Zetsche said. Geely has a stake of nearly 10 percent in Daimler.

Elon Musk’s praise for Daimler’s Mercedes-Benz Sprinter van triggered talks between the German manufacturer and Tesla over potential cooperation on an electric version. Daimler is also considering expanding its cooperation with Geely. 

Toyota’s operating profit flatlined in the latest quarter as cost increases and lackluster sales offset a more profitable product mix and foreign exchange windfalls.

Toyota’s operating profit remained steady in the latest quarter as cost increases and lackluster sales offset a more profitable product mix and foreign exchange windfalls.

Daimler’s fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at the Mercedes-Benz Cars, the company said.

In his State of the Union address, President Trump said the renegotiation of NAFTA rectifies a “historic blunder” that led to the migration of good-paying jobs to Mexico and urged lawmakers to approve the U.S.-Mexico-Canada replacement.

The Republican-controlled Senate Environment and Public Works Committee approved the nomination of Andrew Wheeler to lead the EPA and advanced his nomination to the full chamber.

German sealing applications supplier Freudenberg has acquired a battery manufacturer headquartered in Midland, Mich., as it looks to join an intensifying electric vehicle and mobility technology race.