Lucid becomes latest to adopt Tesla charging standard
Electric automaker, Lucid (NASDAQ:LCID) announced Monday that, starting in 2025, the company will integrate Tesla’s (TSLA) North American Charging Standard (NACS) connectors into their...
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Mercedes Benz News & Analysis
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Mercedes-Benz CFO says ‘brutal’ EV market pressures sales margins
Mercedes-Benz (OTC:MBGAF) released the company’s {{erl-51152||3Q earnings results Thursday morning, reporting a 12.4% adjusted return on sales in its cars division. EBIT across the group...
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European stocks face decline amid poor earnings and geopolitical tensions
European stocks took a hit on Thursday due to disappointing earnings reports from key players including WPP (LON:WPP), Unilever (LON:ULVR), Mercedes Benz (ETR:MBGn), BNP Paribas...
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Nio explores technology partnership with Mercedes
Reuters reported Thursday morning, citing unnamed sources, that Chinese electric automaker, Nio (NYSE:NIO) has held exploratory talks with Mercedes-Benz (ETR:MBGn) for a potential agreement...
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Mercedes-Benz updates financial guidance as Vans drives 2Q beat
Mercedes Benz (ETR:MBGn) announced an update to their financial year guidance ahead of schedule last night. The impressive results this quarter are primarily due to the profit margins from...
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Tianqi Lithium invests $150M as EV brand Smart seeks additional funding
Smart, a joint venture of Germany's Mercedes Benz (OTC:MBGAF) and China's Geely Automobile Holdings (OTC:GELYY), revealed Thursday its intentions to pursue series-A funding in order to...
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5 EU auto stocks to watch
The European automotive OEM sector has witnessed continuous improvement in recent years. However, markets are looking through higher returns and cash flows, and are pricing in a...
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Mercedes-Benz doubles EV sales in Q2
German luxury automaker, Mercedes Benz (OTC:MBGAF) released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last...
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Daimler joint venture to build $650M nationwide charging network for electric trucks
Mercedes Benz (OTC:MBGAF) owned Daimler Truck on Friday introduced Greenlane, the name of its joint venture with NextEra Energy (NYSE:NEE) and BlackRock (NYSE:BLK) Alternatives. The more...
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Mercedes-Benz launches new E-Class, its final ICE vehicle
Mercedes Benz (OTC:MBGAF) on Tuesday announced the launch of the German luxury automaker’s final new combustion engine model - the next generation of the E-Class. The new vehicle will be...
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Rivian, Lucid and Fisker 'may go bankrupt' as Tesla continues to cut prices - Global Equities Research
By Vlad Schepkov Global Equities Research has shared its rather grim outlook for the Electric Vehicle (EV) industry, after Tesla (NASDAQ:TSLA) announced yet another round of price cuts...
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Luminar surges on expanded Mercedes deal
By Michael Elkins Luminar Technologies (NASDAQ:LAZR) has surged nearly 26% Wednesday after the automotive technology company announced a sweeping expansion of its partnership with Mercedes...
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5 big earnings reports: DoorDash races higher on sales beat | Pro Recap
Investing.com -- Here is your daily Pro Recap of the biggest earnings headlines you may have missed on InvestingPro since yesterday’s close, including upside surprises at DoorDash and...
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Mercedes-Benz to launch global charging network
By Michael Elkins Mercedes Benz (OTC:DDAIF) announced that they are partnering with EV charging experts like ChargePoint Holdings Inc (NYSE:CHPT) to accomplish plans to launch a global...
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Midday movers: Horizon Therapeutics, Coupa Software, Microsoft and more
By Liz Moyer Investing.com -- Stocks are rising as investors await key inflation data and the Federal Reserve's decision on the next direction for interest rates. Here are the midday movers...
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Mercedes-Benz Vans to invest $1b to build EV plant in Poland
By Michael Elkins German automaker, Mercedes-Benz (OTC:DDAIF) announced on Monday that they will invest more than €1 billion (€1 = $1.05) in the company’s electric van division to build its...
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Tesla to add Dolby Atmos to vehicles - BGR
By Sam Boughedda For months Tesla (NASDAQ:TSLA) has worked with significant record labels to bring Dolby Atmos, a surround sound technology, to its vehicles, according to BGR on...
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Lamborghini Gets Hollywood Treatment on the Heels of Porsche’s IPO
(Bloomberg) --Lamborghini is getting the Hollywood treatment.The Lionsgate biopic Lamborghini: The Man Behind The Legend opens in theaters Friday, offering audiences a big-screen account of...
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Top EV Companies Prepare to Spend Nearly $1.2 Trillion Through 2030
By Michael Elkins An exclusive report by Reuters today shows that the world’s top electric vehicle makers are prepared to spend nearly $1.2 trillion through 2030 to develop and produce...
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Volkswagen ID. Buzz Cargo Wins 2023 International Van of the Year Award
By Michael Elkins The Volkswagen (ETR:VOWG_p) ID. Buzz Cargo van has been crowned the international van of the year for 2023. Carsten Intra, Chief Executive Officer of Volkswagen Commercial...
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Aston Martin Shares Fall After New Rights Issue Announced
By Scott Kanowsky Investing.com -- Shares in Aston Martin Lagonda Global Holdings PLC (LON:AML) fell on Monday after the sports car maker confirmed plans to move ahead with a fresh...
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Mercedes-Benz Expands CATL Battery Deal
By Michael Elkins Mercedes Benz (OTC:DDAIF) announced Friday that the automaker is expanding its supply agreement with Chinese battery maker Contemporary Amperex Technology Co....
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China’s CATL to Build Second European Battery Plant in Hungary
By Michael Elkins Chinese battery maker, Contemporary Amperex Technology Co. (CATL) (SZ:300750), announced Friday that the company would be investing 7.34 billion euros to build a 100 GWh...
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European Shares Rise After Soft U.S. Inflation Data
By Scott Kanowsky Investing.com -- European markets moved higher on Thursday, boosted by strong gains on Wall Street overnight after weaker-than-expected U.S. inflation eased the pressure...
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European Stock Futures Higher; Fed Decision, Bank Earnings in Focus
By Peter Nurse Investing.com - European stock markets are expected to edge higher at the open Wednesday as investors prepare for a key Federal Reserve meeting while quarterly corporate...
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BYD Overtakes Volkswagen as Third Most Valuable Automaker
By Michael Elkins The latest market value rankings for automakers released Tuesday showed that Tesla (NASDAQ:TSLA) continues to rank first in total value with a $740.58 billion market cap,...
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European Stock Futures Higher; Eurozone Growth Data Due
By Peter Nurse Investing.com - European stock markets are expected to open higher Tuesday, bouncing after recent losses but worries over a fragile global economic recovery remain high. At 2...
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SPI Energy Reports Q1 Revenue of $38.5M, Operating Loss of $7M
SPI Energy Co., Ltd., (SPI) today announced its financial results for the first quarter ended March 31, 2022.Q1 Financial Highlights:Net sales were $38.5 million in the first quarter of...
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European Stocks Lower; Russian Gas Move, Bank Earnings in Focus
By Peter Nurse Investing.com -- European stock markets traded largely lower Wednesday, as investors digested ramped up geopolitical tensions, a troubled global growth outlook as well as...
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NHTSA Opens Investigation into LG Energy Solution's EV Batteries
The NHTSA announced Tuesday that they had opened an investigation into LG Energy Solution (KS:373220) after electric vehicles using the company's batteries showed internal failures. The...
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European Stocks Higher; Ted Baker Rejects Takeover Proposals
By Peter Nurse Investing.com - European stock markets traded higher Monday, as investors monitor developments in the war between Ukraine and Russia with peace talks set to take place in...
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European Stock Futures Lower; Ukraine Peace Talks in Focus
By Peter Nurse Investing.com - European stock markets are expected to open in a cautious manner Monday, as investors keep a wary eye on developments in the war between Ukraine and Russia...
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From Netflix to Samsung, the Exodus From Russia Becomes a Rout
(Bloomberg) -- Netflix (NASDAQ:NFLX), TikTok, Samsung (KS:005930) and credit card operators have joined the lengthening list of businesses cutting ties with Russia or reviewing their...
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Ceasefire Talks Fail, Crude Past $100, Biden's Speech - What's Moving Markets
By Peter Nurse Investing.com -- Ceasefire talks between Russian and Ukrainian officials have failed to end the conflict, and U.S. stocks are expected to open lower as a result, while crude...
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Infosys Jumps After Raising Forecast for Annual Revenue
By Dhirendra Tripathi Investing.com – Infosys (NS:INFY) ADRs (NYSE:INFY) rose 5% on Wednesday after the company raised its annual revenue guidance following a strong third quarter. India’s...
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VW Praises and BMW Pans Tesla as German Plant Nears Production
(Bloomberg) -- Stay on top of the revolutions reshaping the auto world — from EVs to self-driving cars — by signing up for Hyperdrive’s newsletter here.News Briefs Elon Musk sells $5 billion...
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Europe Auto Sales Fall 2 Million Cars Short of 2019’s First Half
(Bloomberg) -- Automakers sold almost 2 million fewer cars in Europe during the first half compared with two years ago, as the industry’s recovery in the region falls short of the rebound...
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Beachbody Bounces in Trading Debut on At-Home Wellness Boom
By Christiana Sciaudone Investing.com-- Beachbody jumped more than 7% in its trading debut today, proving that at-home fitness isn’t stuck in the days of the pandemic. The fitness and...
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Daimler Is Making a Big Shift in Its Electrification Strategy - Business Insider
By Geoffrey Smith Investing.com -- Daimler (DE:DAIGn), the automotive group that makes Mercedes-Benz cars and trucks, now wants to build its own battery cells, according to a report by...
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Chip Shortages Force More Cuts at North American Auto Plants
(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the...
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Biden Talks China, Iran, Hyundai Apple Hit, $60 Oil - What's up in Markets
By Geoffrey Smith Investing.com -- President Joe Biden talks tough on China and Iran; Hyundai and Kia end talks with Apple (NASDAQ:AAPL) over self-driving cars; crypto surges thanks to some...
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Tesla's Still Going Up, Believe it or Not
By Christiana Sciaudone Investing.com -- Elon Musk, the world's newest biggest billionaire, as per Bloomberg, is riding high on bets that his electric vehicles will take over the world. Or,...
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