Daimler seeks to cut 10,000 jobs and $6.75 billion in cost

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Daimler’s new boss Ola Källenius won’t officially start until May 22, but is already reportedly looking to decrease the company’s footprint with a reported cutting up to 10,000 jobs, according to Manager Magazin. The magazine states that Källenius is looking to make both Daimler and Mercedes-Benz more streamlined, and also seek a $6.75 billion in […]

Daimler, BMW looks to limit cooperation to produce electric car in China

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Daimler and BMW are thinking to limit their planned cooperation to jointly produce an affordable electric car in China, according to German daily Sueddeutsche Zeitung. Daimler and BMW refused to discuss. Last month, news reports stated that BMW and Daimler are in discussion to cooperate in developing vehicle platforms for electric cars in a move […]

Daimler asks EU antitrust regulators to investigate Nokia patents

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Daimler has complained to EU antitrust regulators about Nokia patents important to car communications, a move underlining the tensions between tech firms and the auto industry on the use of major technologies. Tech companies and mobile telecoms providers are playing a significant role in the auto industry, with their technologies utilized in navigation systems, vehicle-to-vehicle […]

Daimler, BMM looks to define self-driving regulations

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Daimler and BMW are collaborating to develop autonomous driving technology to cut costs and set an industry standard that can help to form future regulation for self-driving cars, senior executives stated on Wednesday. “It is a chicken and egg situation. Somebody has to standardize the technology and regulation will follow,” Klaus Froehlich, BMW’s board member […]

BMW, Daimler deepens alliance on self-driving technology

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Daimler and BMW strengthens their alliance on Thursday to share increasing development costs for automated driving technologies, even as each automaker pursues separate tasks to develop completely self-driving cars. The huge price of designing and building computer-powered vehicles has currently prompted Honda to pool its efforts with General Motors, where as Volkswagen is in talks […]

Daimler, BMW to invest 1 billion euros in venture to compete Uber

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Daimler and BMW revealed a joint ride-hailing, parking and electric vehicle charging business on Friday to rival with mobility services offered by Uber and other tech companies. The luxury car companies stated they would invest over 1 billion euros ($1.13 billion) to broaden the joint venture, moving beyond manufacturing and auto sales toward pay-per-minute or […]

Daimler risks fine as German prosecutors start new investigation

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German prosecutors have started an investigation into Daimler for allegedly failing to avoid diesel emissions cheating, possibly resulting in a fine for the automaker, as its legal woes mount up over the affair. German automakers, among the worldwide leaders in diesel technology, have been caught in the crosshairs of courts and regulators across the world […]

Daimler cuts dividend as lower sales, R&D costs hit Mercedes

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Daimler slashed its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, due to trade wars, increasing costs for developing electric cars and an industry downturn that has dented even the most profitable automakers. Daimler stated the return on sales at Mercedes-Benz cars dropped to 7.3 percent in the fourth quarter from 9.5 […]