-
Hesai Group Stock Is Soaring Tuesday: What's Driving The Action?
Tuesday, March 11, 2025 - 4:10pm | 362Hesai Group – ADR (NASDAQ:HSAI) shares are trading higher Tuesday after the company secured a multi-year deal with Mercedes-Benz to supply Lidar sensors. What Happened: Mercedes-Benz is set to develop smart cars equipped with Hesai’s lidar sensors, according to Reuters. A person with...
-
Tesla Lost $15 Billion In Brand Value In 2024, Report Says: Did Elon Musk's Political Push Hurt EV Giant?
Thursday, January 23, 2025 - 3:16pm | 1103Tesla Inc (NASDAQ:TSLA) stock soared after Donald Trump won the 2024 presidential election, helping CEO Elon Musk become the first person worth more than $400 billion. While Musk's political push and Trump friendship might have been good for the stock, a new report showed it could have hurt Tesla's...
-
UAW Rallies For Second Union Vote At Mercedes-Benz Alabama Plant, Cites Foul Play In First Election
Monday, May 27, 2024 - 2:05am | 419The United Auto Workers (UAW) union is pushing for a new election at the Mercedes-Benz (OTC:MBGAF) (OTC:MBGYY) plant in Alabama, following its recent defeat in a unionization vote. What Happened: The UAW has filed a petition with the National Labor Relations Board (NLRB) for a fresh election at the...
-
Alabama Mercedes-Benz Workers Reject UAW Unionization Bid In A Blow To Organized Labor's Southern Strategy
Friday, May 17, 2024 - 10:37pm | 557In a significant setback for organized labor’s Southern strategy, workers at two Mercedes-Benz factories in Alabama have voted against unionization, dealing a blow to the United Automobile Workers (UAW) campaign to expand its influence in the region. What Happened: On Friday, workers at the...
-
Tesla's India Entry Doesn't Scare Luxury Market Leader Mercedes-Benz: 'Our EV Charging Bays Will Be Open'
Friday, April 12, 2024 - 2:13am | 437This story was first published on the Benzinga India portal. The probable entry of Tesla Inc. (NASDAQ: TSLA) into the Indian market is seen as a positive development by the country's leading luxury car seller, Mercedes-Benz. The company is of the viewpoint that Tesla's arrival will...
-
Mercedes-Benz CEO Calls For Lower EU Tariffs On Chinese EVs Amid Commission Probe: 'Let Competition Play Out'
Friday, March 15, 2024 - 9:07am | 850Amid ongoing trade tensions, the CEO of Mercedes-Benz has made a public plea for the European Union to reconsider its stance on tariffs for Chinese electric vehicles. This comes at a critical time when the European Commission is actively investigating the impact of Chinese subsidies on the...
-
Musk Says This Automaker, Not Saudis, Saved Tesla From Brink Of Bankruptcy In 2009 With 'Crucial' $50M Investment
Thursday, February 22, 2024 - 7:37am | 641Tesla CEO Elon Musk credited German carmaker Daimler AG with saving the EV giant in the aftermath of the 2008 financial crisis when it was on the brink of bankruptcy. What Happened: Musk revealed on X, formerly Twitter, that Mercedes-Benz parent Daimler invested $...
-
Stellantis-Mercedes Joint Venture Nears Huge $4.7 Billion Debt Deal For EV Expansion: Report
Friday, February 9, 2024 - 6:36am | 584Stellantis NV (NYSE:STLA) and Mercedes-Benz Group AG are reportedly on the brink of securing a €4.4 billion ($4.7 billion) debt deal for their electric-car battery venture in Europe. What Happened: Bloomberg reported on Thursday that the Automotive Cells Company SE (ACC), a joint venture between...
-
Steve Jobs Got A New Porsche Every 6 Months: Here's The Strange Reason Why
Wednesday, December 27, 2023 - 10:58am | 531Steve Jobs was known to switch to a new vehicle of the same model and color every six months for a unique reason. The late Steve Jobs is remembered by many as a brilliant leader and tech visionary. Here's a look at one of the more unique stories about Jobs during his time as CEO of Apple Inc (...
-
Mercedes-Benz Collaborates With BMW To Power High-Speed Charging Network In China
Thursday, November 30, 2023 - 4:00am | 510Mercedes-Benz Group China Ltd. (OTC:MBGAF) and BMW Brilliance Automotive Ltd. (OTC:BMWYY) have publicized their intentions to set up a 50:50 joint venture in China. The primary objective of this collaboration is to manage a high-speed charging network and deliver superior charging services to their...
-
Nio Clears The Air: China EV Maker Dismisses Mercedes-Benz Partnership Rumors As 'False Information'
Tuesday, August 8, 2023 - 5:33am | 334Chinese EV maker Nio Inc (NYSE:NIO) has reportedly denied market rumors of a partnership with German automaker Mercedes-Benz. What Happened: A Nio spokesperson denied market rumors of a partnership between the two companies that circulated after a video showed CEO William Li taking several...
-
Lewis Hamilton's And George Russell's Formula 1 Team CEO Follows 2 Leadership Values Every Day
Friday, July 7, 2023 - 4:19pm | 666Toto Wolff is the CEO and team principal of the Mercedes-AMG Petronas Formula 1 racing team, which includes drivers George Russell and Lewis Hamilton. In a recent interview, Wolff shared tips on managing superstars and for long-term success. What Happened: Wolff leads one of the top...
-
Why Luminar Technologies Stock Is Skyrocketing Today
Wednesday, February 22, 2023 - 3:24pm | 316Luminar Technologies, Inc. (NASDAQ: LAZR) shares are trading higher Wednesday afternoon after the company and Mercedes-Benz announced an expansion of their existing partnership. What to Know: Luminar Technologies announced the expansion of its partnership with the popular car...
-
Having Trouble Deciding Between Tesla, Nio, Lucid And Rivian? Buy This EV Charging Stock Instead
Thursday, June 2, 2022 - 3:03pm | 407It's not clear which companies will come out on top in the race for market share in the electric vehicle space, but one investor sees a way to win without having to choose correctly. What To Know: Ritholtz Wealth Management's Josh Brown is holding shares of ChargePoint...
-
Mercedes Boosts Hybrid C-Class Battery To Battle SUVs: Bloomberg
Tuesday, February 23, 2021 - 1:30pm | 311Daimler AG (OTC: DMLRY) owned luxury brand Mercedes-Benz is boosting its C-Class lineup with more powerful batteries to be at par with sport-utility vehicles, Bloomberg reports. Mercedes doubled the range of the model’s plug-in hybrid versions to 100 kilometers (62 miles)...