New electric models are going to encourage BMW and Daimler cut emissions from the vehicles they sell by an average of 20% this year, the German automakers predicts, as they look forward to meeting tough new European pollution rules. In a live-streamed event, after the cancellation of Geneva motor show because to the coronavirus epidemic, […]
Daimler
Daimler says production in China stable, early to evaluate coronavirus impact
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 […]
Daimler warns of impact of coronavirus outbreak
German automaker Daimler on Friday cautioned of dangers for the economy and its own business because of the outbreak of coronavirus that is spreading in China and elsewhere in the world. “Risks for the Daimler Group may not only affect the development of unit sales, but may also lead to major adverse effects on production, […]
Meeting CO2 targets in 2020, 2021 a challenge, says Daimler CEO
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 sued for $1 billion in German court for diesel cheating
Investors have taken legal action against Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, alleging the automaker of concealing its use of emissions cheating software, German law firm TILP stated on Tuesday. The suit was filed on behalf of institutional investors who allege the German automaker of failing to alert […]
Daimler, BMW leaving North American car-sharing market, cutting in Europe
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
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
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 cost cuts would hit Germany hardest
Daimler’s workforce in Germany will bear the worst hit of 1.4 billion euros ($1.5 billion) in cost cuts prepared by the end of 2022, the head of the automaker’s works council told a newspaper. “Two-thirds of the sum is to be saved in Germany,” Michael Brecht informed Stuttgarter Zeitung. Daimler stated on Friday it would […]
Daimler could face further recalls because of diesel cheating in Germany
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 to cut at least 10,000 jobs in recent car industry cuts
Daimler stated on Friday it will slash at least 10,000 jobs globally during the next three years, after others in the industry as they cut expenses to spend in electric vehicles while grappling with decreasing sales. It marks the third announcement on expenses cuts this week by a significant German auto company as automakers look […]
BMW, Daimler, Volkswagen fined by Germany for forming steel cartel
Germany’s cartel authority stated on Thursday it was fining the three major automakers of the nation – BMW, Volkswagen and Daimler – a total of 100 million euros for forming a cartel to purchase steel. From 2004 to 2013, the automakers regularly met steelmakers and other firms in the supply chain to talk about uniform […]
Daimler seeks 1 billion euros in savings at Mercedes-Benz by slashing jobs
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 […]
Daimler CEO says there are no plans to pursue a merger or spin-off
Daimler has no strategies to spin off its trucks division or to pursue a merger with BMW as a means to increase the company’s share price, Chief Executive Ola Kaellenius stated last week. “There are no plans to modify the capital structure of Daimler,” Kaellenius informed analysts on a call to talk about second-quarter results. […]
Daimler has no idea how North Korean leader Kim Jong Un got limousines
Daimler, the maker of armored limousines used by North Korean leader Kim Jong Un, states it has no idea where the leader got them and has no business dealings with the country. Kim Jong Un has attracted attention by using Daimler-branded stretch limousines at several very high-profile summits, such as his meeting this week with […]
