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Volvo, Daimler, Traton join forces to build electric truck charging network

Volvo Group, Daimler Truck and Volkswagen's AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations for electric heavy-duty long-haul trucks and buses around Europe. The news was first reported by Reuters. The three major European automakers will invest ˆ500 million (~$593 million USD) to install and operate 1,700 charging points in strategic locations and close to highways. They intend to finalize the agreement by the end of this year and start operations next year, with the hopes of increasing the number of charge points significantly as the companies seek additional partners for the future joint venture. The venture is meant to be a catalyst to prepare for the European Union's goals of carbon-neutral freight transportation by 2050. One of the main deterrents for both individuals and freight companies for switching to EVs has historically been a lack of charging infrastructure. By building that infrastructure, Volvo, Daimler and Traton can also expect to boost their own sales of electric trucks and buses. “It is the joint aim of EuropeÂ’s truck manufacturers to achieve climate neutrality by 2050," Martin Daum, CEO Daimler Truck, said in a statement.  "However, it is vital that building up the right infrastructure goes hand in hand with putting CO2-neutral trucks on the road. Together with Volvo Group and the Traton Group, we are therefore very excited to take this pioneering step to establish a high-performance charging network across Europe.” The partnership between Volvo and Daimler isn't unprecedented. In May, the two competitors teamed up to produce hydrogen fuel cells for long-haul trucks to lower development costs and boost production volumes. This latest venture is another signal that major companies are banding together to solve climate-related issues in the industry. European car industry association ACEA has called for up to 50,000 high-performance charging points by 2030. Traton CEO Matthias Gruendler told Reuters that roughly 10 billion euros would be needed to build out Europe's infrastructure to be fully electrified by 2050. According to a statement released by Volvo, this venture is also a call to action for others with a stake in the industry, like automakers or governments, to work together to ensure the rapid expansion needed to reach climate goals.

Brabus Mercedes-AMG GT is a 600-hp exercise in restraint

Big, wild, crazy vehicles from local tuners are one of the highlights of all European auto shows, where even high-performance cars get ludicrous amounts of horsepower and questionable body mods. Occasionally, though, one tuning shop comes out with something that is actually pretty reasonable in both departments. At the 2015 Frankfurt Motor Show, that vehicle comes from Brabus and its take on the Mercedes-AMG GT, simply called the Brabus GT. Sure, it has 600 horsepower, which is a lot, but it's only 97 hp more than stock. Asking a European tuner to increase a car's horsepower by just 97 ponies is like asking a six-pack-a-day smoker to quite cold turkey – it requires a tremendous amount of self-control. It's a similar story on the body, where we get a new body kit, new wheels, and a slightly tweaked interior. Now, to be fair, the body kit is made from carbon fiber and the wheels are staggered, multi-spoke alloys, but neither mod is too garish. The cabin gets new black leather, which comes from cows and not some other typical Euro tuner hide, like whale foreskin. The steering wheel gets an Alcantara wrap, and there's some carbon-fiber and wood trim added as well. It's all very, very simple, and not just for a European tuner – we could picture Mercedes itself coming up with a very similar treatment if/when it does an AMG GT Black Series. We've got a wide array of live photos of the new Brabus GT from its Frankfurt debut. Scroll up and check them out. Related Video:

Here's how wildly expensive it is to participate in F1

The cost of competing in Formula One racing is extremely high. Not in the physical and lifestyle sense, although that too takes a major toll on each team and driver, but in a literal hand-over-the-cash sense. Each F1 team pays hundreds of thousands of dollars to enter, plus a fee for every single point the team earned in the previous season. Motorsport.com recently detailed just how absurdly pricey entering the F1 field is. According to the piece, the price of entry goes up each year due to the U.S. Consumer Price Index. For 2019, the entry fee is $546,133, and it doesn't stop there. There are additional dues required of each team based on where the team finished in the previous season. Interestingly, the winners pay more. For example, Mercedes-Benz, the constructor champion for the past five years, must pay $6,553 per point it scored in 2018. With 655 points scored, that's $4,292,215. All other teams must pay $5,459 per point. For a full rundown of what the teams will be paying for 2019, check out the full article here.Related Video: