Daimler, Renault-Led Alliance Ready for Self-Driving, Mobility Cooperation
Daimler AG and the Renault-Nissan-Mitsubishi alliance see opportunities to collaborate on mobility offerings as well as connected and self-driving cars, a move that would push their partnership into new territory.
New Mercedes-Benz Actros Showcases Daimler’s Next-Gen Safety Technologies
HANOVER, Germany — Touting technology that is as “easy to use as a smartphone,” Daimler AG on Sept. 18 showcased safety systems on the next generation of its global highway tractor that it said points the way forward for connectivity in the commercial sector.
Amazon Orders 20,000 Mercedes Vans to Bolster Delivery Program
Daimler AG is emerging as a beneficiary of Amazon.com Inc.’s booming package-delivery needs, with the e-commerce giant ordering 20,000 of the German automaker’s Mercedes-Benz Sprinter vans.
Daimler AG’s Board Approves Restructuring Aimed at Mastering Rapid Change
Daimler AG announced its board has approved a restructuring, first discussed in 2017, that would create three independent units under Daimler’s umbrella as a holding company after the most thorough due diligence in the company’s 130-year history.
Daimler Net Income, Revenue Down on Soft Total Sales
German car and truck maker Daimler AG reported second-quarter net income and revenue fell amid a slight increase in overall vehicle sales, driven by larger gains at its Mercedes-Benz Vans and Daimler Trucks units.
Phillips Connect Technologies Acquires Polish Electrical Components Company
Phillips Connect Technologies, a business of Phillips Industries, completed the purchase of Fortech Poland, a manufacturer and distributor of quality 24-volt electrical connectors and cables for commercial vehicles with a broad and established customer base primarily in the European Union market.
June 25, 2018Daimler Lowers Earnings Expectations Amid Increased Chinese Tariffs
Daimler AG lowered estimates of its earning potential for 2018 as its car unit feels the effect of higher tariffs.
Daimler Trucks CEO Says Possible Listing Is Up to Shareholders
Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to.
Daimler First-Quarter Earnings Mixed
Daimler AG reported lower first-quarter net income though revenue rose amid strong truck sales and record demand at its Mercedes-Benz Cars division.
Daimler Trucks North America Donates $1 Million to North Carolina School
Daimler Trucks North America, Thomas Built Buses’ parent company, donated $1 million to support High Point University’s Congdon Hall and Congdon School of Health Sciences.
May 1, 2018