Tag: Daimler
EU fines BMW, VW $1B for running emissions cartel since the 90s
As environmental issues really came of age in the 1990s, certain German automakers were meeting in secret groups to make sure their cars would continue to industriously contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz parent company Daimler have been illegally colluding…
Read More
Volvo AB and Daimler Trucks team up in hydrogen fuel cell joint venture
Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by…
Read More
Norwegian corporate training startup Attensi raises $26M from NYC’s Lugard Road, DX Ventures
Corporate training startup Attensi — which originally emerged out of Oslo, Norway — has raised $26 million from New York-based Lugard Road Capital, DX Ventures (a VC fund backed by Delivery Hero), and existing shareholder Viking Venture. The new funding will be used to expand in North America and Europe.…
Read More
Sila Nanotechnologies raises $590M to fund battery materials factory
Sila Nanotechnologies, a Silicon Valley battery materials company, has spent years developing technology designed to pack more energy into a cell at a lower cost — an end game that has helped it lock in partnerships with Amperex Technology Limited as well as automakers BMW and Daimler. Now, Sila Nano,…
Read More
Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M
Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It plans to invest…
Read More
Daimler settles its emissions scandal lawsuit for nearly $3 billion
Mercedes-Benz parent Daimler will pay close to $3 billion to settle the US fallout from its diesel emissions scandal. The German automaker said it expects its recent settlement with American authorities, including the Environmental Protection Agency… Source
Read More