Saturday, 27 November 2021

Tag Archives: German luxury carmaker

Daimler to invest $573mn in autonomous trucks

FRANKFURT: German luxury carmaker Daimler will invest 500 million euros ($573 million) in the coming years to develop highly autonomous trucks, it said on Monday, a move that will create more than 200 jobs. The spending plans are part of Daimler’s “global push to bring highly automated trucks (SAE level ...

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South Korea fines BMW 11.2b won for engine fires

SEOUL : South Korea’s transportation ministry fined BMW 11.2 billion won (US$9.93 million) for allegedly trying to hide faulty parts and belatedly recalling its vehicles after some engines caught fire. About 40 engines of BMW vehicles caught fire earlier this year, prompting the German luxury carmaker to recall some 100,000 ...

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