Mercedes parent Daimler to invest $114 billion in electric future – report

Daimler has announced it will pour €70 billion (AU$114B) into accelerated development of electric technologies. According to electric vehicle (EV) website Electrek, Daimler – parent company of Mercedes-Benz and associated brands – is investing the money over the coming four years, after the company's Supervisory Board approved its budget to 2025.