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Mercedes Benz 2024 financial presentation and Q&A: Making Mercedes-Benz leaner, faster and stronger

Mercedes Benz 2024 financial presentation and Q&A: Making Mercedes-Benz leaner, faster and stronger On February 20th, Mercedes Benz held the presentation for the 2024 financial results. The event was presented by Mr. Ola Källenius (CEO) and Mr. Markus Schäfer (Member of the Board of Management), and Mr. Harald Wilhelm (Chief Financial Officer). Key points for 2024 results: Profit decreased almost 30%, sales fell by 4.5% to EUR 145.6 billion fo...

News Updated at: 2025/02/25

Ford CEO Jim Farley says “partial electrification” is more than “transitional” technology

Ford CEO Jim Farley says “partial electrification” is more than “transitional” technology On May 30, 2024, it was reported that Ford’s CEO Jim Farley, said many of the OEM’s hybrid models have become more profitable than their ICE-powered counterparts. In addition, Ford’s U.S. hybrid sales have jumped 47% through April vs. year-ago, and one in four (25%) of all F-150s sold today is a hybrid. The OEM also says that each of their No...

News Updated at: 2024/05/31

Volkswagen Group announces business strategy toward 2030

transforming the Group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools.By 2030, the Group plans to reduce its carbon footprint per car by 30% over its lifecycle (vs. 2018), in line with the Paris Agreement. In the same timeframe, the share of battery-electric vehicles is expected to rise to 50%, while in 2040, ...

News Updated at: 2021/07/14

LMC Automotive blog: There’s still hope for the fuel cell

LMC Automotive blog: There’s still hope for the fuel cell FCEVs are losing the race against BEVs, but that’s not the end of the story. We are often asked about the prospects for hydrogen fuel cell vehicles, so it would be pertinent to lay out an unbiased assessment. Fuel cell vehicles are currently losing the race against battery electric cars, but there are a couple of critical limitations with BEVs that are very difficult to overcome, which...

News Updated at: 2020/05/15