White House presses German automakers to boost U.S. investments

Volkswagen, BMW, Daimler logo

President Donald Trump pressed senior executives of top German automakers to boost their investments in the United States as the White House thinks about imposing new tariffs on European-made vehicles. German automakers stated after the meeting they informed Trump they planned to increase U.S. investments, but cautioned they would not be able to do so […]

Daimler’s operating profit to fall due to crackdown on diesel

Daimler

Daimler stated its operating profit would decrease by over 10 percent this year, its second earnings warning since June, putting blame on “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. Daimler cautioned investors it expected its full-year earnings prior interest and tax to be “significantly below” 2017’s […]

Daimler and Baidu to extend automated driving alliance

Baidu reveals self-driving truck with Foton

German automaker Daimler stated it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services. Daimler and Baidu joined forces in April last year to develop Apollo, an automated driving platform, which has the motive of speeding up autonomous vehicle research and promoting the drafting of associated laws and regulations. Both […]

Ford and Daimler are winding down fuel cell joint venture

Daimler and Ford

Ford Motor and Daimler AG are winding down a joint venture established to develop automotive fuel cell technology, Ford stated on Wednesday, as both automakers prepare to take their concerning fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, formed in Burnaby, British Columbia, will shut down this summer, Ford stated in […]

Volkswagen CEO rejects price fixing by German automakers

CEO Matthias Mueller

German automakers being investigated over possible collusion did not take part in cost fixing or a prohibited cartel, Volkswagen‘s CEO Matthias Mueller stated on Wednesday. European Union antitrust personnel have raided Volkswagen, Daimler and BMW as part of an investigation if they conspired to fix prices in diesel and other technologies over numerous decades. “I […]

U.S. judge lets investor diesel lawsuit against Daimler proceed

Daimler logo

A federal judge in California will permit a U.S. investor class action lawsuit against German automaker Daimler and a number of senior executives to continue over accusations the company did not disclose excess emissions. The automaker faces ongoing investigations by U.S. and German authorities into excess diesel emissions. Last month, German prosecutors browsed Daimler’s workplaces […]

Daimler in talks with Didi Chuxing and others for possible cooperation

Daimler logo

Daimler AG remains in talks with regional Chinese ride-hailing companies consisting of Didi Chuxing to go over possible cooperation deals, board member Hubertus Troska stated. “We are speaking to the leading players consisting of Didi about how we might establish something,” Troska, Daimler’s board member with responsibility for Greater China, informed reporters gathered at the […]

Mercedes-AMG Project ONE Hypercar To Be Priced At $2.5 Million

Dieter Zetsche at Geneva Motor Show

Speaking at the Geneva Motor Show, Mercedes-AMG official, Tobias Moers, has confirmed some of details on the upcoming Project ONEhybrid hypercar that’s set to debut at this year’s Frankfurt Motor Show. For beginners, Autocar reports that the hypercar’s cost remains in the $2.5 million range. Further verified by Moers was that the hypercar would have […]