Daimler will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric self-driving cars, Chief Executive Ola Kaellenius said. The Stuttgart-based company founded by Carl Benz, who patented the first gasoline-powered car in 1886, is accelerating plans to shift the carmaker beyond combustion-engine vehicles, a step which will result in job losses. "The next five years

After winning a difficult race to equal Michael Schumacher's record of seven Formula One championships on Sunday, the hardest thing for Lewis Hamilton was containing his emotions. “All these emotions were running through me and I was trying to stop it,” Hamilton said in his post-race news conference.

"I just worry about everybody, I really do," GM President Mark Reuss told a Reuters Events broadcast. "I think the industry in general and General Motors has done a good job in our plants," Reuss said. Reuss praised the automaker's supplier base for their diligence in keeping to new standards set during the pandemic to keep it from affecting production.

Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and SoftBank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the deal. Aurora Innovation, the startup founded by three veterans of the autonomous vehicle industry who led programs at Google, Tesla and Uber, is in

Six times world champion Lewis Hamilton called for more women in motorsport after the all-female W Series announced on Thursday it will be supporting Formula One at eight grands prix next season. There are no female drivers in Formula One, with Italian Lella Lombardi the last to compete in a race in 1976, and women racers are a rarity in the junior series that feed into the top category. Hamilton said the partnership with W Series, which uses Formula Three cars and aims to help women up the mo

Plus, the Mustang Mach-E gets a platform mate and we get a 'Spend My Money' update from a proud new Porsche owner

Ousted Nissan Motor Co chairman Carlos Ghosn's legal woes deepened on Friday with the start of a civil trial in Yokohama, Japan, where his former employer is seeking $95 million (72.2 million pounds) in damages. "The legal actions initiated today form part of Nissan's policy of holding Ghosn accountable for the harm and financial losses incurred by the company due to (his) misconduct," Nissan said in a statement. Ghosn, who also ran French carmaker Renault SA , has been in Le

Volkswagen plans to invest 73 billion euros (65.4 billion pounds) in e-mobility, hybrid technology and digitalization within the next five years to adapt to changes in the industry, it said on Friday. "The transformation of the company and its brands as well as the strategic focus on the core mobility areas will be consistently implemented," supervisory board chief Hans Dieter Poetsch said. Around 35 billion euros of the money will be invested in e-mobility, and 11 billion euros ha

These are the all-electric commercial and delivery vans you'll see on the road soon, including the new Ford E-Transit.

We're playing F1 2019 today.