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Merkel cheers VW’s electric push amid climate critique

Bloomberg Angela Merkel’s visit to a revamped Volkswagen AG electric-car plant in Zwickau is a stark reminder of what’s at stake both for the German chancellor and VW boss Herbert Diess. Merkel — who critics say has long been soft on the auto industry — has come under fire for failing to make more progress in curbing greenhouse-gas emissions, while ...

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Daimler-backed battery startup Sila raises funds

Bloomberg Sila Nanotechnologies, a San Francisco Bay-area battery startup, is getting an additional $45 million in funding and has hired two new executives, including a former Tesla Inc manager who helped build the electric-car company’s relationship with battery-cell makers. Bill Mulligan, a former vice president at solar-panel maker SunPower Corp, joins Sila as its first chief operating office, the Alameda, ...

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European companies urge Beijing to keep import fair promises

Bloomberg European companies are upping the pressure on China to go beyond rhetoric at this year’s China International Import Expo, asking for “more tangible outcomes” than at the launch in 2018. “We expect this year’s event to be supplemented by concrete measures to facilitate further market opening and increase foreign investment, not by empty promises that we have heard many ...

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