By Jana J. Pruet Mercedes-Benz Group AG is easing off its aggressive electric vehicle goals as sales lag, pushing the luxury automaker to keep producing its trusted combustion engines. “The transformation might take longer than expected,” CEO Ola Källenius told shareholders during the company’s annual meeting on May 9. The German automaker previously aimed to […]
Tag: Fossil Fuels
A fossil fuel is a hydrocarbon-containing material formed naturally in the earth’s crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, crude oil and natural gas.