Report: Aston Martin may design and build Maybachs for Daimler
According o the latest reports, it appears that Aston Martin is in talks with Daimler AG over a potential partnership in which the British manufacturer would design and build a new... Read more
Daimler’s Smart car rentals are pulling customers away from Mazda, Fiat
Rentals being offered by Daimler AG, which makes the Smart city car, are quickly rising and have been seen to take away many of the customers from Mazda Motor Corp. and Fiat S.p.A.... Read more
Mercedes-Benz 2010 production to beat 2008 record of 1.19 million vehicles
The vehicle output of Daimler AG's Mercedes-Benz unit for 2010 is at a record high, fueled by the demand for the E- and S-Class sedans. In a statement, Mercedes said that it plans to... Read more
Willi Reiss will head Daimler’s Sindelfingen car assembly plant
On Jan. 1, Willi Reiss will start to head Daimler AG’s biggest car assembly plant in Sindelfingen, near Stuttgart. Reiss, a veteran Daimler executive, will succeed Eberhard Haller who is... Read more
Daimler denies interest in acquiring Fiat’s industrial unit
Daimler AG denied a report by German business magazine Manager Magazin that the automaker is still interested in acquiring part or all of Fiat S.p.A.'s industrial unit. Citing... Read more
Daimler to celebrate 125th anniversary of 1st patent filing throughout 2011
Daimler plans a grand celebration for the 125th anniversary on its first patent filing. For starters, Daimler will kick off the anniversary year on January 29 at the Mercedes-Benz World... Read more
Daimler to invest $78 million to expand its India factory that builds Mercedes-Benz cars
For the expansion of its factory in Pune, India, Daimler AG plans to invest as much as INR3.5 billion rupees ($78 million). The Pune factory builds Mercedes-Benz cars and the expansion is... Read more
Daimler to invest $290 million at its Mercedes-Benz plant in South Africa
Intending to expand production, Daimler AG will invest an extra ZAR2 billion ($290 million) at a Mercedes-Benz plant in East London, South Africa. Daimler recently said in a statement... Read more
Daimler CEO Zetsche expects 2011 to be “tough” for European carmakers
Even as the economy in Europe is on the rise, it’s likely that carmakers will find the upcoming year to be a tough one, according to Dieter Zetsche, president of auto industry group ACEA.... Read more
Hertz will offer electric Smart ForTwo in 3 major U.S. cities in early 2011
As part of the expansion of Hertz Corp.’s electric vehicle fleet, an electric version of the Smart ForTwo will be offered in three major cities. On Dec. 15 in New York, the ForTwo will... Read more
Report: Infiniti may soon have ‘Powered by AMG’ badges
Sources said that Infiniti's hot models might carry ‘Powered by AMG’ badges in line with Nissan’s recent link-up with the Daimler group. According to certain insiders in Japan who spoke... Read more
Daimler’s Jerome Guillen moves to Tesla
Jerome Guillen has moved from Daimler AG to U.S. electric sports car manufacturer Tesla Motors Inc. A Tesla spokeswoman said that Daimler, which has a five percent stake in Tesla, had... Read more
Daimler picked Siemens for its product-development software worldwide
aimler AG has made the switch from using Dassault Systemes of Paris’ CATIA (Computer-Aided Three Dimensional Interactive Application) software for its designs to that of rival Siemens’... Read more
Rainer Schmueckle joins Advent International
Rainer Schmueckle has joined Advent International, a global financial investment firm, as an operating officer. After 26 years, in June 2010, Schmueckle lost his position at Daimler AG’s... Read more
Probe opened in Russia over state purchases of Mercedes-Benz cars
To determine if fraud was committed, Russian investigators have opened a criminal probe into the state agencies’ purchase of Mercedes- Benz cars. According to the Investigative Committee... Read more
Mercedes-Benz sales rise by 13.6 percent in October 2010
Mercedes-Benz sold 100,500 vehicles in October, standing for a 13.6% increase – its 12th consecutive month of double-digit growth in volumes. The Daimler AG luxury car brand said last... Read more
Daimler signed a $9.8 billion credit line to serve as a liquidity reserve
Daimler AG has recently inked a 7 billion-euro ($9.8 billion) credit line to be its liquidity reserve, taking the place of the $5 billion and 3 billion-euro credit lines that will soon... Read more
Vw and Daimler must repay $1 trillion of maturing debt within four years
Moody's Investors Service said that Volkswagen AG and Daimler AG are at the top of the list of European companies that have to repay over $1 trillion of maturing debt in the next four... Read more
Daimler raises full-year outlook due to strong results in Q3 2010
As Daimler’s net income surpassed analysts' estimates of the demand for top-of-the-line E- and S-Class sedans in China and the US, the carmaker then raised its full-year profit forecast.... Read more
Daimler and BYD made good progres on developing an EV, says Dieter Zetsche
Daimler AG and China's BYD Co. have “made good progress” on the development of an electric car and now have specifications for the model in place, according to Daimler AG CEO Dieter... Read more
Daimler-Toyota talks brought no concrete results, says CEO Dieter Zetsche
As you may know already, few weeks ago we reported that Daimler and Toyota are currently in talks in order to supply parts but also technology for company’s upcoming hybrid vehicles. This... Read more
Daimler wins appeal in shareholder case over Chrysler merger
The appeals court has overturned a ruling that awarded 230 million-euro ($324 million) to former Daimler-Benz AG shareholders who claimed to not being adequately compensated in the 1998... Read more
Daimler cutting borrowing costs with a 7 billion-euro refinancing
Sources reveal that Daimler AG is reducing borrowing costs with a 7 billion-euro ($9.4 billion) credit line to refinance debt. Daimler, which owns the Mercedes-Benz and Maybach... Read more
Daimler denies talks with Fiat regarding industrial bid
Daimler AG denies a report from an Italian newspaper that it made a 9 billion-euro ($12 billion) pre-offer to Fiat S.p.A. Daimler said that in fact, it hasn’t been meeting with Fiat to... Read more
Toyota in talks with Daimler to supply parts and technology for hybrid cars
Toyota announced today that it is in talks with Daimler, in order to supply parts but also technology for company’s upcoming hybrid vehicles. For many of you folks, this comes as a... Read more
Daimler expanding cooperation with Renault-Nissan to develop electric cars
To be able to comply with tightening emission reduction regulations, Daimler AG has decided to expand its cooperation with Renault SA and Nissan Motor Co. in the development of electric... Read more
Daimler could pay investors healthy dividend, says CFO
Daimler investors can expect a “good, healthy dividend” this year, Chief Financial Officer Bodo Uebber said in an interview with Reuters. The dividend is expected to be nearly twice the... Read more
Daimler expects worldwide new-vehicle sales to be up this year over 2009
Even as the economy in general continues to be challenging, Daimler AG still expects that worldwide new-vehicle sales will be better than in 2009. Frank Reintjes, Daimler’s head of global... Read more
BMW expects to save about 100 million euros by cooperating with Daimler
Bmw announced today that it expects a purchasing cooperation with its main German rival Daimler AG, in order to save almost 100 million euros ($126 million) a year from 2012/2013. "We are... Read more
Aabar wants to increase its 9.1% stake in Daimler to 15%
Teaming up to jointly acquire a majority of Formula One champions Brawn GP seems to have whet Aabar's appetite for more as it now says that it wants to raise its 9.1% stake to 15%. This... Read more
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