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Mercedes - 2 China's Geely - 1 carmakers - 1 Jim Rowan - 1 Leonhard Simon - 1 carmakers Mercedes - 1 Carmakers - 1 Benz - 1
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Volvo - 1 China's - 1 Volvo Cars - 1 Benz Group - 1 Volkswagen - 1 Mercedes - 1 Benz - 1 REUTERS - 1

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4 mentions found


☆ Sweden's Volvo Cars scraps plan to sell only electric vehicles by 2030
  + stars: | 2024-09-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +1 min
Volvo Cars, which is owned by China's Geely Holding, had been among the first legacy carmakers to promise a complete switch to EVs. The firm said its long-term aim remains to become a fully electric carmaker. The target replaces a 2021 pledge for Volvo Cars' lineup to be fully electric by the end of the decade. The move means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions. Shares of Volvo Cars traded more than 4% lower Wednesday.
Persons: China's Geely, carmakers, Mercedes, Jim Rowan Organizations: Volvo, China's, Volvo Cars, Benz Group, Volkswagen Locations: Germany
☆ China market hard going for BMW and Mercedes in third quarter
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
Mercedes-Benz's supply issues affected its global sales, which fell 4% year-on-year in July-September, although the company said it was still on track to meet its full-year guidance for flat sales growth. BMW fared better, reporting a 5.8% rise in its global retail sales to 621,699 vehicles in July-September, but said retail sales in China of BMW and Mini models dropped 1.8%. BMW said that year-to-date sales in China were up 1.7% despite the drag on sales in the third quarter, while Mercedes-Benz nine-month wholesale figures in the country were at the previous year's level. It does not disclose detailed retailed sales but a spokesperson said they were positive in the third quarter and on a nine-month basis. BMW said its global retail sales were up 5.1% so far this year.
Persons: Leonhard Simon, carmakers Mercedes, Mercedes, Carmakers, Benz, Victoria Waldersee, Miranda Murray, Friederike Heine, Susan Fenton Organizations: Mercedes, Benz, REUTERS, Rights, BMW, GLC, Thomson Locations: German, Munich, Germany, China
☆ VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says
  + stars: | 2023-02-19 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Fabian BimmerBERLIN, Feb 19 (Reuters) - German carmakers Mercedes-Benz (MBGn.DE) and VW (VOWG_p.DE) have urged the government to do more to scale up the number of electric vehicle charging stations across the country, German paper Bild am Sonntag wrote on Sunday. "To speed up the change (to electric vehicles), we need to be sure that the charging station infrastructure is being built up," Mercedes-Benz Chief Executive Ola Kallenius was quoted as saying by the paper. VW Chief Executive Oliver Blume agreed more speed was needed and that the construction of charging stations was "a common task of the economy, federal government and communes". Industry associations, which have long complained the government has not kept pace with the rapid expansion of electric vehicles, said the implementation of the proposals was key. "The future of the car is electric," Kallenius was quoted as saying.
☆ German industry calls for more support to diversify beyond China
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, Nov 21 (Reuters) - One of Germany's main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at reducing the German economy's dependence on Beijing. Planned measures such as stress tests and greater scrutiny on investments in China, outlined in a draft document seen by Reuters, would be an administrative burden for businesses, the Association of German Chambers of Industry and Commerce (DIHK) said. "Everything we have heard so far about the German government's China strategy is extremely defensive," said Volker Treier, head of foreign trade at DIHK. "We need an active and resilient industrial policy and strategy in Europe with regards to raw materials, batteries or semiconductors." Reporting by Victoria Waldersee, Andreas Rinke, Ludwig Burger Editing by Rachel More and Peter GraffOur Standards: The Thomson Reuters Trust Principles.
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