Ride-hailing company Uber Inc has offered over 1 billion euros ($1.19 billion) to purchase Daimler and BMW’s joint mobility services company Free Now, German business magazine Manager Magazin reported on Wednesday. While Daimler is ready to sell, BMW’s CEO Oliver Zipse is wavering about selling up, and is rather open to offering Uber a stake, Manager […]

Daimler shares boosted 4.5% on Friday after the German luxury automaker posted forecast-beating third-quarter results, rallied by a better-than-expected recovery in sales of luxury cars in September. European car registrations increased slightly in September, the first increase this year, industry data revealed on Friday, suggesting a recovery in the automobile sector in some European markets where […]

Swiss Re and Daimler announced a joint automotive and mobility insurance venture on Monday, looking forward to tapping into a wealth of new data generated by highly automated vehicles to help insurers to evaluate risk. The reinsurer and the automaker set up Movinx, a Berlin-based intermediary they will co-own equally, the companies said. As connected and self-driving […]

European lawmakers should promote electric car charging facilities as aggressively as they seek to reduce carbon dioxide emissions, Michael Brecht, works council chief at German automaker Daimler, informed Reuters. Automakers have cautioned that European Commission proposals to cut average new car emissions in 2030 by 50% below 2021 levels threaten manufacturing jobs, which depend enough […]

Japanese multinational corporation Sharp Corp said on Wednesday it has signed a licensing agreement with German automaker Daimler as it settled a patent infringement lawsuit against the automaker over in-vehicle mobile communications technology. The Japanese company won the patent dispute in a ruling last month by a German court that permitted Sharp to enforce a […]

Daimler will cut fixed costs, capex, and R&D spending at Mercedes-Benz by over 20% by 2025 as part of a strategy overhaul to take the brand further upmarket. The move will see Mercedes-Benz, presently the world’s top-selling premium car brand, turn its back on a decades-old strategy of chasing sales figures to concentrate on the […]

Daimler’s former CEO Dieter Zetsche will not seek to become chairman of the German automaker’s supervisory board, he informed Frankfurter Allgemeine Sonntagszeitung newspaper. Zetsche, 67, a former chief executive of the company which is the owner of the Mercedes-Benz brand, was due to take a seat as chairman on the board of directors, which in […]

German automaker Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, according to court documents. The automaker and its Mercedes-Benz USA LLC unit revealed on August 13 it had reached a settlement in principle resolving civil and environmental claims associated with 250,000 […]

German automaker Daimler AG is set to pay an $875 million civil penalty for violating clean air laws of the U.S., as part of a $1.5 billion settlement with the country and California regulators over excess diesel emissions in passenger vehicles and vans, two people knowledgeable about the matter said. The U.S. Justice Department and […]

Sharp Corp, a Japanese industrial electronics, said on Friday it has won a patent infringement lawsuit against German automaker Daimler in Germany, a ruling that could allow them to enforce a sales ban against the automaker. A district court in Munich ruled that mobile communications technology used in vehicles of Daimler violates a patent owned by […]

Daimler was set on Wednesday to release the new model of its Mercedes-Benz S-Class luxury sedan, which it hopes will help the German automaker to get back to profitability next year after the coronavirus crisis slashed demand for high-end vehicles. Daimler has released a new S-Class every seven years for decades but this year’s launch […]

Nokia’s legal battle with Daimler over patent licensing fees won backing from a German court on Tuesday as the judge said the German automaker had not made a serious attempt to resolve the problem with the Finnish telecommunications company. The spat highlights a broader battle between tech companies and the car industry over royalties for […]

Thousands of Daimler workers have agreed to cut their hours and give up bonuses for 2020 in order to save jobs amid the coronavirus crisis, the German automaker said Tuesday. The owner of Mercedes-Benz was already having a hard time with restructuring set to include major job cuts before the crisis led a drop in car sales. […]

Labour representatives at German automaker Daimler stated on Monday that discussions with management over cost reductions had become “rougher” after a board member said over the weekend that over 15,000 jobs were at risk. The auto industry has been having a hard time due to the coronavirus crisis, over which governments and automakers had to […]

Daimler AG will seek to sell its factory located in Hambach, France, as part of an overhaul of its production system, the German automaker said on Friday, prompting France’s finance minister Bruno Le Maire to urge the company to reconsider. The move comes as the auto industry deals with overcapacity and declining demand for new […]