Daimler says production in China stable, early to evaluate coronavirus impact

Daimler

Daimler’s car production in China is stable and the supply chains are secure however it is too early to forecast the impact of the coronavirus outbreak on the automaker’s sales, Mercedes-Benz’s sales chief stated. Britta Seeger confirmed Mercedes-Benz’s forecast for 2020 sales to be little below last year’s level and stated three-quarters of Mercedes sellers […]

Meeting CO2 targets in 2020, 2021 a challenge, says Daimler CEO

Daimler logo

Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the automaker is having a somewhat hard time to meet more strict European Union anti-pollution rules. Ola Kaellenius Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the […]

Daimler, BMW leaving North American car-sharing market, cutting in Europe

BMW wireless charging

BMW and Daimler stated Wednesday they plan to leave the North American car-sharing market, with the joint venture partners stopping operations in Montreal, New York, Seattle, Washington, D.C., and Vancouver, as they concentrate on the European market. SHARE NOW and its Car2Go unit, a joint venture of the two German automakers, are putting an end […]

Nokia, Daimler, others agreed to mediation to resolve a licensing dispute

Daimler logo

Nokia, Daimler, and several auto parts suppliers have agreed to independent mediation to find a solution for their technology licensing dispute, the Finnish telecoms equipment maker stated on Thursday. The move, if it leads to a successful result, could stave off a possible EU antitrust investigation after complaints by Daimler, Bury Technologies, Continental, Valeo and […]

Nokia suspends legal action against Daimler in the hope of mediation

Daimler

Nokia has suspended legal action against Daimler in the hope that mediation will fix their dispute over technology licensing fees. The decision drew a positive response from the German automaker, which reiterated that the two firms had differing legal views on the dispute. Nokia’s pursuit of charges from Daimler has thrown a spotlight on the […]

Daimler could face further recalls because of diesel cheating in Germany

Daimler

German automaker Daimler could deal with more recalls associated with manipulated diesel engines in some of its compact car models, weekly magazine Der Spiegel reported on Friday, without mentioning sources. Germany’s transportation regulator KBA is presently investigating suspicious software utilized in some diesel engines which Daimler purchased from another automaker, the report said, adding that […]

Daimler seeks 1 billion euros in savings at Mercedes-Benz by slashing jobs

2018 Mercedes-Benz A-Class

Stricter emissions rules are going to hit Daimler’s profits in 2020 and 2021, prompting the German automaker to seek over 1 billion euros ($1.1 billion) in savings from slashing staff expenses at its Mercedes-Benz business by the end of 2022, it stated on Thursday. Daimler shares dropped 2.3% in early trading at 52.17 euros, the […]