Germany’s Daimler is gearing to compete with Tesla’s Model X SUV, and is expected to unveil a prototype of an electric-powered Mercedes with a 500km range at the upcoming Paris Motor Show, according to a report by Reuters. Its chief development officer Thomas Weber said the structure is ready and initial results from road tests are… Read More

The Renault-Nissan Alliance and Daimler AG are significantly expanding their cooperation with joint development of premium compact vehicles and joint production in Mexico. Renault-Nissan CEO Carlos Ghosn and Daimler CEO Dieter Zetsche recently announced that their companies have agreed to establish a 50:50 joint venture, the business entity that will oversee construction and operation of the… Read More