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
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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
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
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
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
China’s Geely Holding will explore the possibility of deeper cooperation with German automaker Daimler AG, its Chairman Li Shufu stated on Friday. Geely built a 9.69% stake in Daimler in
Daimler on Wednesday warned that the automaker faces a difficult second quarter as it increased credit risk provisions to expect rising delinquencies among consumers who leased or bought Mercedes-Benz passenger
BYD Co Ltd the Chinese electric automaker backed by Warren Buffett, will start providing a full suite of EV components to competitors and aspiring automakers to diversify its revenue sources
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
Zhejiang Geely Holding Group and Mercedes-Benz on Wednesday stated they would each spend 2.7 billion yuan ($388.77 million) in a China-based venture to construct “premium and intelligent electrified” vehicles under
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