Ola Kallenius

11 results

Daimler,  the maker of Mercedes-Benz cars, and its German peers Volkswagen and BMW are bracing for second-quarter losses. Photograph: Bloomberg

Daimler chief executive Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole faced painful cutbacks to overcome the economic(...)

An Aston Martin logo as seen on a car at a dealership in central London in 2018. Photograph: REUTERS/Henry Nicholls

Aston Martin’s chief executive Andy Palmer is leaving the business as part of a shake-up aimed at restoring the fortunes of the flagging carmaker, acc(...)

A rise in the cost of car components is putting further pressure on profits in the car industry. Photograph: Gareth Fuller/PA Wire

Volkswagen says the cost of crucial car components has risen sharply because of the coronavirus outbreak, putting further pressure on profits as the i(...)

Up to a fifth of PSA customers who bought a car in January and February offering a hybrid or battery version chose the cleaner option

Peugeot owner PSA and BMW are in the lead in the race to cut car emissions in Europe, pulling ahead of Volkswagen. Only two months into the new CO2 r(...)

Hyundai and Uber’s all-electric full-scale electric air taxi, S-AI, is displayed during CES, the world’s largest annual consumer technology trade show. Photograph: David Becker/Getty

The chief executive of Toyota was on familiar ground when he told CES, the world’s largest electronics show in Las Vegas, that “no one wants a crystal(...)

Each carmaker faces its own CO2 target, based on the weight of its vehicles. A business selling smaller cars such as Peugeot owner PSA therefore has a lower CO2 target than a company with a heavier average vehicle, such as Mercedes owner Daimler. Photograph: Keystone via AP

When Blas Arambilet tried to buy an electric car in April, something strange happened. Months after ordering a white Kia e-Niro from his local Barcelo(...)

Carmakers are on the verge of a key period in the transition away from reliance on fossil fuels, with strict rules on carbon dioxide emissions coming into force next year. Photograph: EPA

Mercedes-Benz plans to save €1.65 billion by cutting more than 1,000 jobs in the latest sign German carmakers are struggling to make big investments i(...)

BMW has been hammered by the trade spat between America and China, and has also seen its share price almost halve, from €122 to €65, since 2015, despite consistent profitability

American magazine Automobile claims BMW Group is set to slash its model range after the car division’s earnings fell 22 per cent last year. BMW’s Chi(...)

The Mercedes-Benz maker said it had uncovered new information that would make its earnings before interest and tax for the second quarter of the year even lower than it guided for last month and “significantly below market expectations”.

German carmaker Daimler has warned on profits for the fourth time this year after being forced to make further provisions to deal with a regulatory cr(...)

Mercedes’ British driver Lewis Hamilton presents a Mercedes AMG Project One

Most of what follows on Mercedes-AMG’s ground-breaking, Formula One-sourced Project One hypercar had to be heavily edited to remove involuntary potty (...)

  • 1
  • 2
  • Next
  • Last »