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Daimler Truck Launches as Public Company

To the clanging of a bell and the blasting of a truck air horn, Daimler Truck began trading Dec. 10 as an independent company on the Frankfurt Stock Exchange under the stock symbol DTG, marking a new era following its spinoff from Daimler AG.

December 10, 2021

VW Boosts Future Tech Spending, Enlarges Management Board

Volkswagen AG raised its five-year spending plan and overhauled its management board, seeking to catch up with Tesla Inc. and end an internal dispute over the changes needed to get there.

December 9, 2021

Mercedes Beats Tesla to Hands-Free Driving on the Autobahn

Daimler AG’s Mercedes-Benz won regulatory approval to deploy a hands-free driving system in Germany ahead of Tesla Inc., gaining an edge in the race to offer higher levels of automation in one of the world’s most competitive car markets.

December 9, 2021

Daimler, Waymo Outfitting Custom Chassis for Autonomous Driving

Daimler reported a custom Class 8 chassis specifically intended to support SAE Level 4 driving is being outfitted through its partnership with the autonomous technology company Waymo.

December 7, 2021

LG Energy Seeks Up to $10.8 Billion in Record IPO

LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.

December 7, 2021

Intel to Take Mobileye Unit Public in 2022 IPO

Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry.

December 7, 2021

Stellantis Wants to Outfit Cars With AI to Drive Up Revenue

MILAN — Carmaker Stellantis announced a strategy Dec. 7 to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030.

December 7, 2021

Musk Says Cybertruck Will Be Able to Drive Diagonally

Elon Musk, CEO of Tesla, responded to a tweet speculating about what versions of the Cybertruck will be available for purchase by saying initial production will be of the four-motor variant.

December 3, 2021

Elon Musk’s Tesla Share Sales Pass $10 Billion

Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric car maker for the fourth consecutive week.

December 3, 2021