Germany

Auto Industry: Incentivized To Not Change

Every nation of this world will do its best to protect its industry for the good of the country’s economy and its people. Politicians are elected to make sure industries and jobs are doing well, to stabilize income, and to reduce risk. There is absolutely nothing wrong with this protection. Unfortunately, politics can, by trying its very best to support its industry, destroy it without even realizing what’s happening. This has happened before, and there is a large risk that it’s happening today in the largest automotive producing countries, like Germany, Japan, and the USA.

Mercedes & Geely Launch JV For smart Cars

Chinese carmaker Geely has added another brand to its ever-growing portfolio. The company, which currently owns Volvo, Lotus Cars, and Lynk & Co., recently launched a joint venture with Mercedes-Benz’ parent company, Daimler, to co-develop and produce the next generation of autonomous electric city “smart” cars based on the smart Vision EQ concept shown here.