International News EU to impose tariffs of up to 38% on Chinese EVs Nada Ali Jun 12, 2024 0 The European Commission informed carmakers that additional duties of 17-38 per cent will be applied to imported…
Money ACC secures major financing for three gigafactories Aya El Sayed Feb 12, 2024 0 ACC, a European auto battery manufacturer co-owned by Stellantis, Mercedes, and TotalEnergies, announced on Monday…
Money Mercedes to invest billions in EV Plants Sama Mousa Mar 19, 2023 0 Mercedes is set to invest billions of dollars on Electric Vehicles plants in China, Germany, and Hungary in the…
Money Chinese brands replace iPhones, Hyundai in Russia’s war economy Sama Mousa Feb 26, 2023 0 Since the beginning of the Russian invasion of Ukraine one year ago, Russians have replaced smartphones and cars…
Tech/AI Mercedes-Benz allies with Google to develop self-driving cars Sama Mousa Feb 23, 2023 0 Mercedes-Benz announced on Wednesday that it has partnered with Google on navigation, and they are both planning on…
Featured Mercedes-Benz to leave Russian markets, sell shares to local investor Nada Ali Oct 26, 2022 0 Germany’s Mercedes-Benz announced on Wednesday that it will sell its assets, industrial and financial services…
Featured Germany’s Mercedes-Benz signs deal to build logistics centre in Egypt’s Ain al-Sokhna Sanaa Allam Jul 25, 2021 0 Germany’s Mercedes-Benz AG has signed a contract on Sunday to establish its logistics distribution and…
Industry & Trade Mercedes maker Daimler expects slight growth in 2017 operating profit, sales Yomna Yasser Feb 2, 2017 0 Mercedes maker Daimler guided for a slight increase in operating profit, unit sales, and revenue this year, barely…
Tech news German carmakers buy Nokia Maps to fend off Digital Rivals Noha Gad Aug 3, 2015 0 German carmakers BMW (BMWG.DE), Audi (VOWG_p.DE) and Mercedes (DAIGn.DE), will pay around 2.5 billion euros ($2.75…
Industry & Trade Mercedes Closes Assembly Lines Amwal Al Ghad English May 9, 2015 0 Mercedes-Benz, the German luxury car producer, has announced that it will shut down its car-assembly lines in Egypt…