logo
Mercedes unveils new luxury limousine EV segment called 'Vision V'

Mercedes unveils new luxury limousine EV segment called 'Vision V'

Reuters22-04-2025

SHANGHAI, April 22 (Reuters) - German carmaker Mercedes-Benz (MBGn.DE), opens new tab unveiled on Tuesday a new all-electric luxury limousine segment it called "Vision V" which it said marked the expansion of the top end of its vans portfolio.
CEO Ola Källenius told an event in Shanghai that models under Vision V would range from VLE to VLS and that they would also be produced in China.
here.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apple sued by shareholders for allegedly overstating AI progress
Apple sued by shareholders for allegedly overstating AI progress

NBC News

time7 hours ago

  • NBC News

Apple sued by shareholders for allegedly overstating AI progress

(Reuters) — Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price. The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest. Apple did not immediately respond to requests for comment. CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court. Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features, and could not reasonably believe the features would ever be ready for iPhone 16s. Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference on June 9 when Apple's assessment of its AI progress disappointed analysts. Apple shares have lost nearly one-fourth of their value since their December 26, 2024 record high, wiping out approximately $900 billion of market value.

TRADING DAY On weekend war-watch again
TRADING DAY On weekend war-watch again

Reuters

time9 hours ago

  • Reuters

TRADING DAY On weekend war-watch again

ORLANDO, Florida, June 20 (Reuters) - - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I'd love to hear from you, so please reach out to me with comments at opens new tab. You can also follow me at @ReutersJamie and @ Cautious optimism around a possible de-escalation in the week-long war between Israel and Iran helped foster a relatively positive tone across world markets on Friday, lifting most stock markets and sealing oil's biggest decline in over a month. You'll note a high degree of equivocation there. President Donald Trump taking up to two weeks to decide on America's involvement offers no immediate clarity, even if he is open to direct talks, and negotiations between Iran's foreign minister and his European counterparts in Geneva are at the early stage. However, Wall Street didn't feel much of the earlier optimism on Friday. Tehran insists it will not talk directly to Washington about a new nuclear deal until Israel ceases its attacks. The bombing and retaliatory strikes continue. It's a fluid and fragile situation, but compared to a week ago when the conflict started, it's perhaps less bleak, which explains why many markets have regained their footing. It's worth remembering that Wall Street and world stocks earlier this week were a whisker away from their record highs. Developments in the war and on the diplomatic field over the weekend will go a long way to setting the tone for markets on Monday. And investors will continue to digest what was, in many ways, a pretty monumental week for central banks. To recap, the Federal Reserve took a hawkish turn in its projected interest rate path even though Chair Jerome Powell signaled policymakers are flying blind, while the Bank of Japan took a dovish turn in its balance sheet reduction plans. The Swiss National Bank cut rates to zero and admitted, albeit reluctantly, that rates could go negative, Norway's central bank delivered a surprise rate cut, and Brazil's central bank defied expectations by raising rates to the highest since 2006 and signaling it could tighten policy further. A raft of Fed officials are on the stump next week, and investors will be looking through the blizzard of headlines to see how the consensus stacks up against the new, less dovish 'dot plots'. Top of the bill will be Powell's semi-annual testimony to Congress on Tuesday and Wednesday. Fed Governor Christopher Waller told CNBC on Friday that a rate cut should be on the table next month because inflation is tame and unlikely to be boosted on a lasting basis by import tariffs. But Richmond Fed President Thomas Barkin told Reuters in an interview there's no rush to cut rates because tariffs could indeed fuel inflation. What's more, the economy and labor market are holding up well right now. It's gone pretty quiet on the trade front, an indication that the Trump administration is finding it harder than it imagined to secure the dozens of trade deals it promised - Trump himself has said that China and Japan are "tough" in their negotiations. China is not blinking, and why should it? As CIBC economists point out, China holds all the cards when it comes to global rare earths and pharmaceuticals supply, the U.S. is a much smaller market for its exports than it used to be, and Beijing has a wider array of retaliatory tools at its disposal than it did in 2018. Last but not least, "the tolerance to pain in autocratic China is notably higher than in the (still) democratic US," they note. The next few weeks will be pivotal for markets as investors eye the half-year point, the July 9 expiry of Trump's pause on 'reciprocal' tariffs, and Trump's two-week window to decide on the level of U.S. involvement in the Iran-Israel war. This Week's Key Market Moves Chart of the Week Two charts again, and they are related. The first is from Goldman Sachs and shows wage pressures in the developed G10 countries noticeably cooling (admittedly from elevated levels). This helps explain the second, from economist Phil Suttle, which shows developed and emerging market interest rate paths are diverging sharply - interest rates are coming down in DM, not so in EM. How long will that divergence last? Here are some of the best things I read this week: What could move markets on Monday? Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Bayer Leverkusen's three-word statement says it all after Liverpool sign Wirtz
Bayer Leverkusen's three-word statement says it all after Liverpool sign Wirtz

Daily Mirror

time9 hours ago

  • Daily Mirror

Bayer Leverkusen's three-word statement says it all after Liverpool sign Wirtz

Florian Wirtz has departed Bayer Leverkusen for Liverpool and his exit appears to have been an emotional one as the Bundesliga side paid tribute to Arne Slot's newest signing Bayer Leverkusen delivered a short but emotional message following confirmation that Liverpool signed Florian Wirtz: "Look after him." The Reds completed a deal that could rise to £116million as the German international signed a five-year contract at Anfield. And it would seem the 22-year-old has departed the Bundesliga on good terms having made his name at Leverkusen and ensured they earned a significant fee for his transfer. ‌ Wirtz arrived at the Bundesliga side as a 16-year-old having grown up in Koln's academy. The attacker quickly hit the ground running at the BayArena and scored 57 goals in 197 appearances as he made his name as a goalscorer and playmaker. ‌ And while Leverkusen's social media message was concise in its feeling, former Leverkusen midfielder and club managing director Simon Rolfes offered a lengthier tribute. The 43-year-old could not speak highly enough of the departing star. "Florian's departure is associated with lots of emotions for the whole club and also for me personally," he said. "He came to us as a 16-year-old and he built up close and warm relations with many people at the club over the years. "Through his attitude, his passion and his unconditional desire to win he not only motivated and inspired his teammates on the pitch but also the staff in the immediate vicinity of the team and throughout the club. "Florian never played for himself, he always put the success of the team first. On behalf of everybody, I'd like to say a sincere thank you. Florian Wirtz will always be part of Bayer 04." Despite his enthusiasm over joining Liverpool, Wirtz has conceded his exit comes with mixed emotions. "It's not easy to leave after five and a half great years," he said. ‌ "I've experienced unique things and incredible moments here at Leverkusen. The club always supported me and believed in me including during the difficult time with my injury. "I would like to say thank you for that and for the great sympathy shown to me by the management, teammates and all the staff on that day. And I'd like to say to the fans of Bayer 04 who got behind me and the team over all those years: It was an honour for me to do my best. And I'm already looking forward to a reunion on the pitch." But Arne Slot's new signing is pleased to get the move over the line to take on a new challenge. Wirtz is hopeful the Premier League will be perfectly suited to his talents. ‌ "I feel very happy and very proud," said Wirtz after signing. "Finally it's done and I was waiting for a long time – finally it's done and I am really happy. 'I'm really excited to have a new adventure in front of me. This was also a big point of my thoughts: that I want to have something completely new, to go out of the Bundesliga and to join the Premier League. 'I will see how I can perform there. I hope I can do my best. I spoke also with some players who played there and they told me that it's perfect for me and every pitch is perfect, you can enjoy every game. I'm really looking forward to playing my first game.' Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store