BMW, Mercedes-Benz Ensnared Again in US-China Trade War
When China responded to President Donald Trump’s trade war with an extra 25% tariff on U.S.-made cars in mid-2018, the move cut the number of vehicles exported from America by half.
Daimler Posts 2Q Loss on Higher Revenue
Daimler AG outlined a series of moves to return to profitability after posting a net loss in the second quarter, particularly at its largest division, Mercedes-Benz cars.
Daimler AG Sells 5% Stake to BAIC Group
A day ahead of its second-quarter earnings release, Daimler AG July 23 announced Beijing Automotive Group Co. Ltd., had acquired a 5% stake in the company.
July 23, 2019Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning
Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.
Daimler’s New Leaders Confront Old Issues as Diesel Bites
Just one month into the job, Daimler AG’s new executive duo is unearthing skeletons from the diesel-scandal era, hobbling the move toward an electric future with a crisis that erupted almost four years ago.
Daimler Trucks Creates Autonomous Technology Group
Daimler Trucks announced the formation of its Autonomous Technology Group as the world’s largest truck maker works to put highly automated trucks on the road within a decade.
CEO Dieter Zetsche Warns of Deep Cost Costs as He Departs Daimler
Bidding farewell to the company he led for more than a decade, Daimler AG’s CEO urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval.
Daimler 1Q Net Income Dips, Revenue Flat
Daimler AG reported first-quarter net income dipped and revenue was flat amid a range of constraining factors affecting cash flow, and despite gains in truck sales.
Editorial: Joining Forces for the Future
Journalists love it when big news breaks. As last week drew to a close, two significant deals involving major players in the commercial truck industry made headlines and landed on the front page of the April 1 issue of Transport Topics.
March 29, 2019BMW, Daimler Team on Automated Driving Technology
FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.