Mercedes-builder Daimler anticipates its transition to electric vehicles will further squeeze profits until 2022, Bloomberg reported Thursday. The margin headwinds call for job cuts and capped development spending, CEO Ola Kallenius said at his first major strategy presentation since assuming the role in May. The costs associated with electric-vehicle development join trade-war hurdles and stricter European Union emissions laws as significant pressures against Daimler's future earnings.
Mercedes-builder Daimler anticipates its transition to electric vehicles will further squeeze profits until 2022, Bloomberg reported Thursday. The margin headwinds call for job cuts and capped development spending, CEO Ola Kallenius said at his first major strategy presentation since assuming the role in May. The costs associated with electric-vehicle development join trade-war hurdles and stricter European Union emissions laws as significant pressures against Daimler's future earnings.
Very bad design
Profits vs attempting to save the planet. Yeah, tough call🌝
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democrat Joe Biden proposes $1.3 trillion U.S. infrastructure planDemocrat Joe Biden would invest $1.3 trillion over a decade on electric car char... Dusting off the old Obama 'shovel ready jobs scam' are we? Overdue!!!!!! Shovel ready?
Source: Reuters - 🏆 2. / 97 Read more »
They turn '49 Mercurys and Shelby Cobras into EVs, one Tesla carcass at a timeIn an unlikely marriage of classic car culture and green technology, sophisticated hot rodders – mostly Californians – are cannibalizing crashed electric cars and using their batteries to create electrified sports cars and muscle cars. Can’t wait to see electric car low riders ... This is what I love about LA ... The day an electric car can out race a gas guzzler ill go green
Source: latimes - 🏆 11. / 82 Read more »
Credit Suisse says Tesla is running out of time as the major electric car maker – shares to dive 40%Credit Suisse on Thursday noted that Tesla has nearly an 80% share of the U.S. market for electric vehicle. Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc Time does not matter when, you have at least 3 years of developmental advantage. Bankers judge banking, not techniques and AI! I’ll take a Tesla over a Ford any day! Waiting for the Model Y.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. auto showrooms need more electric cars, environmental group saysEnvironmental group the Sierra Club on Tuesday urged automakers and dealerships ... Love Nature eat and use Organic and Live Natural Has everyone forgotten that we currently BURN FUCKING COAL to get electricity? Idk how people can be so naive. They really don't sell that well
Source: Reuters - 🏆 2. / 97 Read more »
Tesla CEO Elon Musk announces plans for fourth factory and design center near BerlinTesla CEO Elon Musk makes it official -- the electric car company plans to build a 'Gigafactory,' and research-and-development center in Berlin. If only the local government had access to the internet to do some research on Gigafactory 1 ... $TSLAQ Ekse elonmusk africa is waiting for you. Do some work with Akon Quick decision, no confrontation in China to fear. They really want to know: what is that?
Source: CNBC - 🏆 12. / 72 Read more »
Forget saving the planet: Ford to Tesla tout monster horsepower, speed in high-performance EVsAfter spending billions on eco-friendly, all-electric cars that resulted in lackluster sales, automakers are shifting their target market from earthy environmentalists to gearheads and thrill seekers looking for speed. Forget Ford and Tesla. Because we know that Epstein Did Not Kill Himself. Because no environmentalist is ever going to buy any of their cars. Neverthles, it is a smart move. No one likes environmentalists. Lol Trump must be thrilled. We know he thinks Climate change is a Hoax.
Source: CNBC - 🏆 12. / 72 Read more »