Tag Archives: Daimler

Daimler to invest $11 billion for development of electric vehicle

The dieselgate scandal by Volkswagen has resulted in a shifting trend amongst the German manufacturers for working towards the development of electric vehicles in their forthcoming car line-up. The latest entrant to this fray for electrification is Daimler, the parent company of Mercedes-Benz, who have revealed that they will invest up to $11 billion (approx. Rs 7000 crore) into the ... Read More »