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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.
Ola plans $920 mln India investment in electric cars, batteries
  + stars: | 2023-02-18 | by ( ) www.reuters.com   time to read: +1 min
CHENNAI, Feb 18 (Reuters) - SoftBank Group-backed (9984.T) Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India. The company's cumulative production numbers topped 100,000 in November, and it plans to annually make 140,000 cars and hire 3,111 workers in Tamil Nadu through the new investment. In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries after entering India's neighbour Nepal first. ($1 = 82.7500 Indian rupees)Reporting by Praveen Paramasivam in Chennai; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes presented record FY results in challenging environment, says CEOOla Kallenius, CEO of Mercedes, discusses the company's strong earnings reported for 2022, despite the challenges of the global energy crisis and supply chain shortages.
Mercedes-Benz flags market uncertainty despite 2022 earnings boost
  + stars: | 2023-02-17 | by ( ) www.cnbc.com   time to read: +2 min
The Mercedes star logo is seen in front of the Mercedes-Benz customer center in Sindelfingen, southwestern Germany, on February 13, 2023. Mercedes-Benz Group on Friday beat analysts' forecasts with annual earnings of 20.5 billion euros ($21.80 billion), but the premium carmaker warned of lower earnings this year due to economic uncertainty. The company hit its forecast of a 13%-15% adjusted return on sales in the cars division, reporting a 14.6% margin for 2022. But it forecast a lower adjusted return of 12%-14% on sales for the cars division in 2023 and group earnings slightly below 2022, even though sales at the Mercedes-Benz Cars business are expected at the same level. Roughly 50% of the company's annual portfolio is financed, he said, meaning that higher rates will have an impact.
Volkswagen CEO Oliver Blume was among the first top executives from a multinational company to visit China since it scrapped most of its border restrictions. BEIJING—Top executives from multinational companies are trickling back into China with the country’s reopening, as Beijing seeks to restore confidence from global businesses in its struggling economy and attract investments. Volkswagen AG’s chief executive visited China from late January to early February, the company said, while Apple Inc. CEO Tim Cook and Pfizer Inc. CEO Albert Bourla are expected to visit next month, people familiar with the matter said. Ola Källenius , Mercedes-Benz Group AG’s chairman, also plans a visit to China, the company said.
Industrial tech group Hexagon flags positive momentum
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +2 min
STOCKHOLM, Jan 24 (Reuters) - Industrial technology group Hexagon (HEXAb.ST) on Tuesday proposed a 9% increase to its dividend, with the Swedish company's new CEO flagging "good momentum" going into 2023. The maker of measurement and positioning systems and software had released fourth-quarter earnings on Monday after information security concerns prompted it to report results earlier than planned. Hexagon said on Monday that it had discovered an isolated event of unauthorised access on one email account containing information related to the results. We are well placed to deal with the global economy's many challenges and will continue to invest in new technologies." The former chief operating officer has been CEO since the end of 2022, succeeding Ola Rollen, who is set to become group chairman from May.
Mercedes to drop EQ product brand -Handelsblatt
  + stars: | 2023-01-12 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, Jan 12 (Reuters) - Mercedes-Benz (MBGn.DE) is set to drop the EQ product brand for battery-electric cars as soon as the next generation of compact cars, set to be on the market from the end of 2024, German daily Handelsblatt said on Thursday, citing company sources. The decision is based on Chief Executive Ola Kaellenius' focus on electric-only cars, making the EQ brand redundant as Mercedes turns away from the combustion engine, Handelsblatt cited the sources as saying. The German carmaker now markets its all-electric model series under the EQ brand, first announced in 2016, with its first model, the EQC electric SUV, launched in 2019. Mercedes did not immediately respond to a request for comment. Writing by Miranda Murray; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty ImagesWhen most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, to Nio and XPeng in China, global sales of electric vehicles have surged. But in India, two-wheel vehicles such as scooters, mopeds and motorbikes, dominate the market. The starting price of electric two-wheel vehicles can be as high as 160,000 rupees.
Funding from US and European HQ'd investors into Indian startups. 2021 was a banner year, with nearly 75% of the total funds into Indian startups coming from foreign investors. Foreign investor traction in India remains strong, said Draganov, who expects US and European venture capitalists to maintain their presence in India in the coming years. Using data from Dealroom and PitchBook, Insider profiled the most active investors that are headquartered in Europe and the US that have backed Indian startups since 2016. Based on the deal volume and size of investments into Indian startups since 2016, here are the top European and US firms investing into Indian startups, in alphabetical order.
Dec 21 (Reuters) - Jailed Russian opposition leader Alexei Navalny said on Wednesday that Yevgeny Prigozhin, founder of the Wagner private military company that has taken a major part in the Ukraine war, had visited his prison to recruit convicts. He did not say when the alleged visit took place. The Wagner Group, which Prigozhin has said he founded in 2014, has become increasingly prominent during the Ukraine war, including during a brutal, long-running battle for the small city of Bakhmut. In his Twitter post, he said the recruitment of convicts to fight in Ukraine showed the corrosion of the Russian state. In his response, Prigozhin took issue with the fact that many of Navalny's supporters had been allowed by the state to flee abroad.
He slashed funding for environmental enforcement and halted government efforts to demarcate Indigenous' peoples lands. He is executive coordinator of the Articulation of Indigenous Peoples of Brazil, a group advocating for land rights and greater representation in Brazil's government. Bolsonaro's actions legitimized an increase in violence against Indigenous peoples, Tuxá told Insider on the sidelines of COP27. A slice of the funding was set aside for securing land rights for Indigenous people. Still, nearly $2.6 billion was spent in 2021, including at least $321 million to help secure land rights for Indigenous peoples, according to progress reports.
Mercedes CEO: 'absolutely inconceivable' to write off China
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +1 min
FRANKFURT, Nov 7 (Reuters) - Mercedes-Benz (MBGn.DE) Chief Executive Ola Källenius on Monday spoke out against distancing oneself from China, saying it was "absolutely inconceivable" to write off the country. The comments came days after German Chancellor Olaf Scholz led a delegation of business leaders to China, urging German companies to diversify should the relationship between the two countries sour. Källenius, speaking at an event at Berlin's ESMT business school, said he was deeply convinced of the benefits of globalization and that it was absolutely right for Scholz to be the first Western leader to visit President Xi Jinping recently after his term extension. "To back away from China because something might happen would be the wrong direction," Källenius said. Reporting by Ilona Wissenbach; Writing by Tom Sims; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.
CNN —When Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize in 2019, he was lauded as a regional peacemaker. A year later, he launched a conflict that spiraled into a brutal civil war, spawning one of the worst humanitarian crises in the world. In November 2020, Abiy ordered a military offensive in Ethiopia’s northern Tigray region and promised that the clash would be resolved quickly. Yasuyoshi Chiba/AFP/Getty ImagesThe Tigray conflict has its roots in tensions that go back generations in Ethiopia. For months at the start of the conflict, Abiy denied that civilians were being harmed or that soldiers from Eritrea had joined the fight.
Summary Oromo groups say hundreds killed in air strikesNo comment from government and army spokespersonsAlleged strikes come as Tigray peace talks startNAIROBI, Oct 27 (Reuters) - Two organisations from Ethiopia's Oromiya region have accused the army of conducting air strikes there in recent days which they said had killed hundreds of civilians, just as peace talks on the separate Tigray conflict were about to start. read moreIn statements sent to Reuters by text message and email and in posts on Twitter, the OLF and the OLA listed locations in Oromiya where they said a series of deadly air strikes had taken place between Thursday of last week and Tuesday this week. We've been going to funerals this whole time," he said, adding that another air strike had hit a nearby school on Monday, but no one had been killed as it was empty at the time. On Thursday morning, Reuters asked Ethiopian government spokesman Legesse Tulu, military spokesman Colonet Getnet Adane, Prime Minister Abiy Ahmed's spokeswoman Billene Seyoum and Oromiya regional government spokesman Hailu Adugna for comment on the alleged air strikes. OLA spokesman Odaa Tarbii posted a video on Twitter on Tuesday that purported to show the aftermath of an air strike in West Shewa.
Mercedes CEO: Sales in China robust despite 'zero Covid' policy
  + stars: | 2022-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes CEO: Sales in China robust despite 'zero Covid' policyDiscussing the automaker's sales performance in China, Mercedes-Benz CEO Ola Kallenius said "all operations are quite stable."
Hong Kong CNN Business —Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its CEO. The German government had already set in motion a crisis management plan that could see rationing gas to businesses if that happened. The group has also signed on to use a wind energy facility in the Baltic Sea that will “add another 25%” of capacity, said Källenius. “We’re going to diversify, we’re going to make ourselves more resilient, and of course we’re going to go carbon-free,” he added. The company unveiled the electric vehicle Sunday at the Paris Motor Show, as part of efforts to further diversify its lineup.
Margarine prices swelled by about 4% in the month from August to September, meaning they've continued to trend upward in the short term. 1 producer and exporter of sunflower oil, which accounts for 9% of all vegetable oil produced globally. "Supplies of these alternatives are expected to be tight in the 2021/22 marketing year, contributing to elevated vegetable oil prices." Palm oil accounts for 35% of all vegetable oil made globally, the largest share relative to the aforementioned oil commodities. Annual oil prices — and those of its byproducts, like gasoline and diesel — skyrocketed as a result.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes-Benz CEO: 'Momentum building' for EVs despite rising cost of electricityOla Källenius discusses the launch of Mercedes' new EQE SUV in the latest push toward versatile electric vehicles amid a period marring the auto industry with ongoing challenges in supply chain shortages and a worsening European energy crisis.
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. "I really believe that in this decade, we will flip from being based upon high tech internal combustion engines to going dominant electric, if not all electric, in the luxury segment." Mercedes plans to sell its electric vehicles alongside internal-combustion models for at least several more years. But Kallenius expects that most of Mercedes' affluent customers will favor the electric versions in time. "As long as you give the customer a superior product to what they had before, they're open minded for a switch" to electric models, he said.
Register now for FREE unlimited access to Reuters.com RegisterThe Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. Chief executive Ola Kaellenius said in July a 10% gas reduction had already been achieved and that a further reduction of up to half could be implemented. read moreRegister now for FREE unlimited access to Reuters.com RegisterStill, all contingency plans to prevent a production halt depended on supplier networks managing to deliver parts, Burzer warned. read moreVolkswagen said it had already reduced its gas intake by over 20% and could reduce it further to a mid double-digit percentage. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. It has signed a partnership agreement with CG Motors in Nepal to distribute its Ola S1 e-scooters. Ola Electric, valued at $5 billion, has made inroads into India's EV market with over 80,000 electric scooters. Ola had planned to go public in the first half of 2022, but has since postponed the plan, amid a volatility in the market and lackluster listings of some start-ups in India this year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ashish Chandra in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
A billboard of ride-hailing service Uber is pictured on a highway in New Delhi, India, April 19, 2016. The move comes amid a growing road-safety push in India, the world's fourth-largest car market. India already has rules mandating passengers in the back seat to wear seatbelts but only a few comply. In most cases, car and taxi owners put seat covers atop seatbelts on their back seats, making them inaccessible for use. Uber told drivers in its advisory to ensure backseat seatbelts were installed, adding "if the belt is hidden under the seat cover, please remove the cover".
Restricțiile din pandemie nu le-au permis timp de un an să se viziteze acasă, dar Ola și Pontus Berglund au găsit un loc unde pot să discute fără să încalce vreo regulă: un pod care unește Norvegia și Suedia. A trebuit să stau la un metru distanță pe partea mea și el la un metru distanță pe partea lui. Pandemia nu ne-a oprit din a ne vedea și asta e o victorie”, a spus și Pontus. „Fiecare întâlnire a fost ca o petrecere. Pentru că locuiesc singur, a fost foarte important să mă văd cu Ola, altfel aș fi suferit de depresie”, spune Pontus, de pe partea suedeză.
Persons: Pontus Berglund, Ola Locations: Norvegia, Suedia, Ola, Halden, Pontus, norvegian
Cu câteva premiere importante în industria auto și o serie de inovații care îți arată că discutăm de un S Classe pentru 2021, noul Mercedes Benz EQS este complet electric, are 5,21 metri lungime, 1,92 metri lățime și 1,51 metri înălțime. Deși nu a fost comunicat oficial, se estimează că va depăși 100.000 de euro prețul de achiziție. Autonomia de la Mercedes Benz EQS este însă un record în industrie, 770 de kilometri departe de priză. Acesta asigură o autonomie de nivel 3 a condusului pe străzi fără o intervenție din partea șoferului. De asemenea, o altă versiune, cu 560 kW, va fi lansată ca echipare de top în viitor.
Persons: Tesla, Ola Kallenius Organizations: Mercedes Benz, Porsche Taycan, Audi, BMW iX, Mercedes Benz EQS, Daimler, Mercedes Locations: Germania
Noi – îndeosebi, căci Iurii Arcadievici a fost , într-o singură persoană, un regizor remarcabil, pedagog, prieten mai mare, un manager perfect. Spiritul prieteniei, a ajutorului reciproc a fost una dintre principalele învățături ale lui Harmelin. A fost o întorsătură bruscă a soartei, dar lumea teatrului, lumea lui Harmelin m-a vrăjit din primele zile. Iurii Arcadievici a fost și bun, și exigent în același timp. În teatrul «De pe strada Trandafirilor» Iurii Arcadievici a înrădăcinat multe tradiții ale școlii Vahtangov, înainte de toate – spiritul libertății și cel de studio.
Persons: Arcadievici, iurii, RM Alexandr Petrov, Harmelin, Tata, Boris Sciuchin, Iurii, Glen Miller, James Brown ., Selectez, Șolomei, Serghei Druguș ., Alla Haiut, Plus, Goldoni, Nicolai Luchin, Dvs, Bogdan Horohorin, Elena Tendeli, Shakespeare, Elena, Alina Uncu, Alina, Elene Tendeli, Gogol, Cehov, Alexandr Nasencov, Andrei Mihailovici Muraviov, Nicolai Coleada, Sankt Petersburg Alexandr Platunov, Tatiana, Федотастрелец, Василий Теркин Organizations: UNESCO, Trandafirilor, Буксир, Варшавскийнабат, Трактирщиц, КорольЛир, Балтийский дом, Соотечественники, Падампадам, КолядаТеатр Locations: RM, Moldova, Harmelin, Moscova, Marșac, Ostrovschii, Lescov, Coleada, Filatov, CSI, Țările Baltice, Zvenigorod, republican, Tiraspol, Paris, Cipru, Lituania, Belarus, Israel, Ecaterinburg, Celeabinsc, Sankt - Petersburg, Samara, Vladimir, -, Rusiei, Sankt Petersburg, Россия
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