Ola Kallenius

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The Mercedes-Benz owner will buy fewer electronic components and “replace supplier development costs with personnel, building and computing costs”.  Photograph:  Michaela Handrek-Rehle/Bloomberg

Daimler will cut out traditional parts-makers in order to fund a software development push that will involve hiring thousands of coders to build an op(...)

Mercedes-Benz will increase its stake in struggling luxury-car maker Aston Martin. Photograph: Chris Ratcliffe/Bloomberg via Getty Images

Mercedes-Benz will increase its stake in struggling luxury-car maker Aston Martin Lagonda Global Holdings as part of a series of moves by the British (...)

Photograph: iStock

Daimler said on Tuesday it will cut fixed costs, capex and research and development expenditure by more than 20 per cent by 2025 compared with 2019 l(...)

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(...)

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