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Mercedes will offload part of its roughly 35% holding in Daimler Truck, CFO Harald Wilhelm said.  Even with extra cash from selling shares, Mercedes is bracing for a difficult year.

“Together, Mercedes-Benz, Nvidia and Uber will build a global platform that makes autonomous driving available to everyone,” Nvidia CEO Jensen Huang said.

In an interview with a German media outlet, Mercedes CEO Ola Källenius said Commerce Secretary Howard Lutnick made the overture roughly a year ago, dangling tax relief and other incentives.

European carmakers are contending with excess capacity as Chinese manufacturers take a larger share of the market, with the EV segment in particular suffering from weak demand.

European car executives walked a fine line at the recent Munich auto show by touting how swell their new EVs are while warning Brussels that they can’t possibly sell only EVs by 2035.

Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.

Starbucks and Mercedes-Benz announced a partnership July 17 to install high-power electric vehicle chargers at 100 Starbucks stores across the U.S. 

Stellantis and Mercedes-Benz are pausing work on two electric vehicle battery plants and may pivot to manufacturing lower-cost cells in light of slowing demand for still-expensive EVs.

Rivian Automotive Inc. is shelving plans to jointly build electric vans in Europe with Mercedes-Benz AG, aborting a deal signed just three months ago to share costs and quickly scale up production.

Mercedes-Benz plans to use laser sensors from Luminar Technologies Inc. in a next-generation vehicle platform to enable semi-autonomous driving features on highways.