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VW Plans To Add €1 Billion for Electrics
Volkswagen’s commercial vehicle subsidiary Traton says its MAN, Scania and Volkswagen Caminhões e Ônibus (VWCO) brands plans to invest more than one billion euros in e-mobility by 2025.
“Our goal is to become the leading provider of e-trucks and e-buses,” explained Traton CEO Andreas Renschler, mostly through research and development. Traton is developing a common modular electric powertrain to be used by all brands, much like Volkswagen’s MEB platform.
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Manitou Prepares for Slowdown after Record H1 2019
PSR Analysis: Manitou group reported a particularly strong H1 2019 with 24% growth over H1 2018. Michel Denis, Chief Executive Officer, said: “Over the first half of the year, business was very strong in our markets, as well as in almost all geographical areas,” he said.
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Daimler and BAIC Relationship Becomes Stronger
Ola Källenius, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: “We are very pleased that our long-standing partner BAIC (Beijing Automotive Group Co. Ltd.) is now a long-term investor in Daimler.”
Daimler and BAIC are linked in a long-term partnership. Daimler has been shareholder of BAIC Motor since 2013.
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