Daimler Records Higher Net Income on Lower Revenue in Q3
Daimler AG reported higher net income on lower revenue in the third quarter as core markets began to recover from the impact of COVID-19.
Uber Weighs Purchase of BMW-Daimler Ride-Hailing Venture
Uber Technologies Inc. is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America, people with knowledge of the matter said.
September 28, 2020Daimler Will Retool Century-Old Engine Plants in Electric Shift
Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era.
Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Sept. 14.
Daimler May Need to Cut More Jobs Than Announced
Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview.
Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon
Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.
Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring
Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.
Daimler Truck Coordinates Fuel Cell Activities With New Company
Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.
Daimler Marks Milestone as Sprinter Turns 25
Daimler AG celebrated a 25-year milestone for its Mercedes-Benz Sprinter model, which began production in 1995, and whose roots go back 40 years to the company’s initial array of small cargo vehicles in various shapes.
Mitsubishi-Fuso to End US, Canadian Sales
Mitsubishi Fuso Truck and Bus Corp. is exiting the U.S. and Canadian markets as part of a strategic shift to focus on other regions, but will maintain service support for vehicles now on the road, the company announced.