Volkswagen and Daimler on Wednesday prompted the German government to help increase demand for cars as the coronavirus pandemic damaged first-quarter profits and forced both automakers to drop their forecasts for the year. The demands came as German chancellor Angela Merkel plans to host a summit with auto industry leaders to talk about the ways […]
Ola Kaellenius
BMW and Daimler to slash emissions 20% this year
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 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 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 CFO Bodo Uebber won’t renew his term after it ends in 2019
Daimler’s finance chief Bodo Uebber won’t look forward to renew his contract once it expires in December 2019, the automaker stated late on Sunday. The announcement marks the recent senior management change at Daimler. In September, Daimler named research chief Ola Kaellenius as its next chief executive officer to succeed CEO Dieter Zetsche. Chief Financial […]
Daimler to appoint Ola Kaellenius as chief executive in 2019
Daimler’s has decided to appoint company veteran Ola Kaellenius as chief executive from next year. This signals a cultural shift by the world’s oldest automaker as it takes on new competitors from the tech sector. A 49-year old Swede, Kaellenius is the first non German CEO to lead the 132-year-old Stuttgart-based inventor of the modern […]
Daimler trucks chief Wolfgang Bernhard steps down
Daimler‘s trucks chief Wolfgang Bernhard, once viewed as a candidate to succeed CEO Dieter Zetsche, has stepped down one year before his contract would end, the automaker stated. Bernhard’s restructuring efforts have outraged effective labor leaders, who hampered his development at Daimler till he was too old to be thought for the top job, as […]
