mercedes make daimler issues profit warning due to us china trade clash

Mercedes maker Daimler Issues Profit Warning Due to US-China trade clash

Automotive Mohit Shah - Jun 22, 2018

Market shares in Europe’s biggest automakers have fallen abruptly in early trading after Daimler issued a warning that its profits would be knockout this year by new Chinese tariffs on US import

chargepoint plans expansion of ev network in europe after record fundraise

ChargePoint plans expansion of EV network in Europe after record fundraise

Automotive Mohit Shah - Mar 02, 2017

Electric vehicle (EV) charging network, ChargePoint, is set to expand in Europe as it is raising $100 million in a funding round managed by German automaker Daimler.

donald trump threatens bmw of a 35 percent border tax

Donald Trump threatens BMW of a 35 percent border tax

Automotive Himanshu Gill - Jan 16, 2017

US President-elect Donald Trump has warned that he will impose a border tax of 35 percent on the cars that BMW will manufacture in its new plant in Mexico.

china imposes an extra 10 percent tax on imported luxury cars

China Imposes an Extra 10% Tax on Imported Luxury Cars

Automotive Pavan Pandey - Dec 02, 2016

The Finance Ministry of China stated, this step is targeted at encouraging rational consumption and controlling the usage of energy and emissions as well as promote energy-efficient cars.

new redesigned ford fiesta debut in europe

New Redesigned Ford Fiesta’s Debut in Europe

Automotive Pavan Pandey - Nov 30, 2016

Ford Motor Co. revealed the redesigned higher-margin versions of the subcompact car Fiesta, its best-selling regional model, to raise company profitability in the European market. The members of Detro

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