The eCascadias, operating with tank-to-wheel 100% all-electric capability, are poised to reduce diesel fuel consumption by an impressive 150,000 liters (40,000 gallons) annually. This aligns with RCCB's broader initiative to cut carbon emissions by 30% by 2030.
The company is currently building a fleet of around 50 prototype vehicles to be tested with customers, it said. Daimler Truck is targeting 60% zero-emission sales by 2030, but less than 0.3% of sales in January to June this year fit that category, as a lack of charging infrastructure and the high price tag of electric models stymie sales.
Daimler Truck raised its guidance for annual adjusted sales returns across the group last month to a range of 8.5% to 10% from 7.5% to 9% previously, citing easing of supply chain constraints, stronger demand in core markets and the after-sales business.
Renault and Nissan said on Monday they were in talks about a reset in their partnership that could include the Japanese automaker investing in a new electric vehicle (EV) venture Renault plans to launch.
The company on Wednesday published its Sustainability Report 2021 and reports on the specifics of what it achieved in terms of sustainability in the past year. It is the first report Daimler Truck is presenting as an independent, publicly listed company.
Baoding-based Great Wall, China's top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid. It added that it would introduce the first product in the fourth quarter of this year.
The change is the latest in a string of structural reshuffles for the carmaker that began its life as Daimler-Benz AG in 1926. The Mercedes brand, named after the daughter of an automobile entrepreneur, was officially adopted by Daimler AG in 1902.
Daimler said its holdings in Denza will be reduced to 10%, and BYD will hold the remaining 90% equity interest after the transfer.
The factory, which manufactured over 160,000 cars last year, has faced disruptions this year due to a supply crunch which has weighed on the car industry, a mainstay of Hungary's growth.
Daimler AG, soon to be renamed Mercedes-Benz AG, has kept 35% of Daimler Truck shares, while 65% were spun off. Shareholders in Daimler received one share in Daimler Truck for every two Daimler shares they owned.
Daimler Tuck is one of the world’s largest commercial vehicle manufacturers and has more than 100,000 employees and 40 production sites.
The loss was almost four times the previous year, as weak economic growth during the fiscal year and the pandemic-induced lockdown crippled truck sales in India.
Revenue for fiscal 2021 declined 10% to Rs 5,302 crore, according to the company’s filing with the Ministry of Corporate Affairs, accessed through business information platform Tofler. Daimler India Commercial Vehicles (DICV), however, delivered a second consecutive year of operating profit, as exports helped de-risking operations.
A British government statement released earlier on Wednesday said six major automakers were set to sign a paper later in the day committing them to the goal of phasing out internal combustion engine cars (ICEs) in major markets by 2035 and globally by 2040, with Daimler among them.
The German premium carmaker posted a quarterly operating profit of 2.6 billion euros ($3 billion), up 18% from 2.2 billion euros for the same period in 2020.
Kaellenius, who is visiting Mercedes operations in the United States, said production of Mercedes vehicles during the fourth quarter will be lower than a year ago, which was an unusually strong quarter as the company began recovering from pandemic shutdowns.
Daimler CEO Ola Kallenius said that "by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries."
Mercedes-Benz becomes an equal shareholder of Automotive Cells Company (ACC) along with Stellantis and TotalEnergies, each with 1/3 equity stake, where Mercedes-Benz will provide technology and production knowhow to ACC.
The approval was sought under the green channel route, an automatic approval system whereby a combination is deemed to have been approved by the regulator upon receiving the filing of the notice for the combination by the parties concerned.
As a part of Infosys partnership with Daimler, automotive IT infrastructure experts based in Germany will transition from Daimler AG to the new centre. "Encouraging sustainable growth within the German automotive sector, it will provide its customers with tools to meet the countrys growing demand for electric vehicles," the statement said.
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