Daimler
Daimler lowers 2013 profit forecast due to dismal Q1 performance
Daimler has lowered its profit forecast for full year 2013 after posting a 56-percent drop in earnings before interest and taxes (EBIT) in the first quarter of the year. Daimler disclosed... Read more about Daimler lowers 2013 profit forecast due to dismal Q1 performance
Daimler to invest over EUR 300 mil to build transmissions plant in Romania
Daimler AG will make an investment of over EUR300 million ($390.6 million) to build a new plant in Sebes, Romania, that will assemble transmissions for its Mercedes-Benz brand. The... Read more about Daimler to invest over EUR 300 mil to build transmissions plant in Romania
Daimler to expand JV site in Romania to build transmission parts
Daimler will invest a large amount to produce transmission parts in Romania, particularly at the Cugir plant of its existing joint venture in the country, according to a report from... Read more about Daimler to expand JV site in Romania to build transmission parts
Daimler sold remaining EADS stake for EUR2.2 billion
Daimler has sold its stake that remains in European Aeronautic, Defence & Space Co. for EUR2.2 billion ($2.9 billion) as part of its plan to focus on its auto operations. Daimler said in... Read more about Daimler sold remaining EADS stake for EUR2.2 billion
Daimler still undecided on whether to enter luxury subcompact segment
Daimler AG has yet to reach a final decision whether to barge into luxury subcompact car segment, just like what its fellow German carmakers have already done. It could be because the... Read more about Daimler still undecided on whether to enter luxury subcompact segment
German carmakers to spend $25 billion to expand foreign production
German carmakers like Volkswagen Group, BMW Group and Daimler AG are planning to spend over $25 billion by 2017 to expand production outside Europe and thereby protect their earnings from... Read more about German carmakers to spend $25 billion to expand foreign production
German automakers offer alternative to HFO-1234yf flammable refrigerant
Daimler and other German carmakers made an initial move aimed at resolving a safety issue over a new air-conditioning refrigerant developed to meet a European Union mandate. Daimler... Read more about German automakers offer alternative to HFO-1234yf flammable refrigerant
Wolfgang Bernhard and Andreas Renschler to swap Daimler roles
Wolfgang Bernhard, head of Mercedes production and purchasing, and Andreas Renschler, chief of Daimler Trucks will be swapping roles effective April 1, 2013, Daimler said in a statement.... Read more about Wolfgang Bernhard and Andreas Renschler to swap Daimler roles
Daimler board extends Dieter Zetsche’s contract for five years
Daimler’s CEO Dieter Zetsche's contract will be extended by the board for five years, giving him the opportunity to fulfil his goals. A source said that on Feb. 21, Daimler's supervisory... Read more about Daimler board extends Dieter Zetsche’s contract for five years
Daimler expects operating profit in 2013 to be unchanged from last year
Daimler expects that for this year, it will post more or less the same level of profit logged in 2012 as the carmaker continues to invest in new models and to revamp its operations. The... Read more about Daimler expects operating profit in 2013 to be unchanged from last year
German carmakers expect double-digit growth in the US for 2013
German carmakers expect to partially compensate their dwindling sales in Europe this year with double-digit growth in the United States. Mercedes-Benz USA chief executive Steve Cannon... Read more about German carmakers expect double-digit growth in the US for 2013
Ford, Nissan and Daimler join forces to develop affordable fuel-cell cars
Daimler, Ford and Nissan have teamed up to create a range of affordable fuel cell cars that will go on sale beginning in 2017 in what may be the first major advance for the zero-emission... Read more about Ford, Nissan and Daimler join forces to develop affordable fuel-cell cars
Daimler CEO Dieter Zetsche expects expiring contract to be extended
Dieter Zetsche expects his contract as current chief executive of Daimler to be renewed after his term expires at the end of 2013, he told Welt am Sonntag newspaper in an interview. There... Read more about Daimler CEO Dieter Zetsche expects expiring contract to be extended
Aston Martin in talks to develop high-end engines and electronic parts
Aston Martin is holding discussion with possible partners to jointly develop high-end engines as well as electronic parts to boost its sports-car lineup. Aston Martin is in talks with... Read more about Aston Martin in talks to develop high-end engines and electronic parts
Daimler interested to buy a stake in the passenger-car unit of BAIC Group
As part of Daimler’s bid to rise above its weakness in China (the world’s biggest auto market), it may make an investment in the passenger-car unit of its Chinese partner, BAIC Group,... Read more about Daimler interested to buy a stake in the passenger-car unit of BAIC Group
GM sticking with its decision to introduce a new air conditioning refrigerant
Daimler AG has claimed that a refrigerant named HFO-1234yf may lead to fires during an accident but General Motors is not swayed and will continue with plans to launch this new, more... Read more about GM sticking with its decision to introduce a new air conditioning refrigerant
Mercedes-Benz posted an annual sales record in 2012
Daimler AG said that sales of Mercedes-Benz reached a record in 2012 with December volumes hitting an all-time high. The increase in the demand in the U.S. had offset a slower Chinese... Read more about Mercedes-Benz posted an annual sales record in 2012
Honeywell’s new refrigerant catches fire during Daimler testing
Honeywell and partner DuPont Co. have invested hundreds of millions of dollars to develop, market and produce HFO-1234yf, a new kind of coolant or refrigerant that meets new European... Read more about Honeywell’s new refrigerant catches fire during Daimler testing
Hubertus Troska appointed to Daimler management board to revive sales growth in China
Hubertus Troska, a top executive in the trucks unit of Mercedes-Benz, will take over a recently made portfolio for China to enhance its business in this market (currently the largest in... Read more about Hubertus Troska appointed to Daimler management board to revive sales growth in China
Daimler planning to produce fully integrated powertrains in North American plant
By 2015, Daimler AG will operate the first North American plant to build a fully integrated powertrain, including transmissions, axles and engines with turbochargers, intended for... Read more about Daimler planning to produce fully integrated powertrains in North American plant
Daimler reaches deal to sell its stake to EADS for $2 billion
Daimler CEO Dieter Zetsche was able to reach a deal to sell its stake in European Aeronautic, Defense & Space Co. With this move, Zetsche hits a milestone in focusing the company’s... Read more about Daimler reaches deal to sell its stake to EADS for $2 billion
Daimler has now full control of the Mercedes Formula One team
Daimler bought a 40% stake from Abu Dhabi sovereign wealth fund Aabar Investments PJSC for an undisclosed amount. This means that Daimler now has full control of the Mercedes Formula One... Read more about Daimler has now full control of the Mercedes Formula One team
Daimler lowers 2012 operating profit forecast to EUR8 billion
Daimler has updated its earnings forecast for the full year of 2012 to reflect a decrease in expected operating profits, as the German carmaker has to cope with dwindling demand in Europe... Read more about Daimler lowers 2012 operating profit forecast to EUR8 billion
Aabar sells remaining 3.07% stake in Daimler AG for $1.6 billion
Aabar, Abu Dhabi's sovereign wealth fund, sold its remaining 3.07 percent stake in Daimler AG for around EUR1.25 billion ($1.6 billion) on Oct. 5, the German carmaker disclosed in a... Read more about Aabar sells remaining 3.07% stake in Daimler AG for $1.6 billion
German carmakers focused on plans to catch up with rivals in EV race
While German carmakers like Daimler, BMW and Volkswagen were focused on improving its diesel and petrol engines, its rivals in the US and Japan were already concentrating on developing... Read more about German carmakers focused on plans to catch up with rivals in EV race
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