Evonik Industries

Daimler to acquire Evonik's stake in battery cell venture Li-Tec

April 1, 2014 11:48 CET
Daimler will acquire Evonik Industries' 50.1 percent stake in their Li-Tec joint venture, making it the sole owner of the lithium ion battery cell manufacturer.... Read More »


Daimler battery-unit savings push threatens Evonik JV

Feb. 25, 2014 10:23 CET
Daimler is seeking savings at its Li-Tec battery joint venture with Evonik, which the chemical maker says is leading to uncertainty about the future of the cooperation.... Read More »


Daimler reviews options for Li-Tec battery JV

June 11, 2013 06:01 CET
Daimler says it is reviewing options for its battery-cell joint venture Li-Tec with Evonik Industries, including bringing in a new partner. The two companies formed the partnership at the end of 2008 to provide future Daimler electric vehicles with batteries and give the carmaker an edge in electric vehicles over rival BMW.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, needed more used cars. But driving 150 miles to the nearest auction was time-consuming and costly. Mon., April 14
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