Daimler AG News

Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying

Volocopter GmbH raised 200 million euros ($242 million) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights. The so-called Series D funding brings in new investors including …

Daimler to Pay $2.2 Billion to Settle U.S. Diesel Issues

Daimler AG will pay about $2.2 billion to settle U.S. diesel-emissions issues in the latest fallout from years of closer regulatory scrutiny on vehicle pollution. An agreement in principle with authorities including the U.S. Justice Department and Environmental Protection Agency …

How Tesla Defined a New Era For the Global Auto Industry

FRANKFURT/BEIJING/DETROIT — Tesla Inc’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how. …

Viewpoint: Autonomous Taxis Become a Rough Ride for Europe

As recently as March, Daimler AG, the German carmaker, promised to put 10,000 autonomous taxis on the streets by 2021. But this week, Daimler chairman Ola Kaellenius announced that the company was taking a “reality check” on the project and …