Daimler AG

Business, Technology, Equipment, Fuel, Autonomous

Daimler Records Higher Net Income on Lower Revenue in Q3

Daimler Cascadia truck A Daimler Freightliner Cascadia truck. Third-quarter revenue fell to $47.6 billion compared with $51.2 billion a year earlier. (Daimler AG)

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.

Roger Gilroy | Senior Reporter
October 23, 2020
Business, Technology, Autonomous

Uber Weighs Purchase of BMW-Daimler Ride-Hailing Venture

Pedestrians pass in front of signage displayed outside Uber headquarters in San Francisco. Pedestrians pass in front of signage displayed outside Uber headquarters in San Francisco. (David Paul Morris/Bloomberg News)

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, 2020
Business, Technology, Fuel

Daimler Will Retool Century-Old Engine Plants in Electric Shift

Sunlight reflects in a Mercedes Benz logo on top of an office building in Berlin, Germany. Sunlight reflects in a Mercedes-Benz logo on top of an office building in Berlin, Germany. (Michael Sohn/Associated Press)

Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era.

Christoph Rauwald | Bloomberg News
September 24, 2020
Government, Business, Fuel

Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes

Daimler AG will pay $1.5 billion to settle emissions cheating probes. Jeff Clark, assistant attorney general for the Environment and Natural Resources Division, speaks during a news conference in Washington on Sept. 14. (Susan Walsh/Associated Press)

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.

Michael Balsamo and Tom Krisher | Associated Press
September 14, 2020
Business, Equipment

Daimler May Need to Cut More Jobs Than Announced

An employee assembles a Mercedes-Benz automobile in Germany on April 22. An employee assembles a Mercedes-Benz automobile in Germany on April 22. (Alex Kraus/Bloomberg News)

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.

Oliver Sachgau | Bloomberg News
July 13, 2020
Business, Technology

Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon

Daimler CEO Ola Kallenius. Daimler CEO Ola Kallenius. (Alex Kraus/Bloomberg News)

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.

Christoph Rauwald | Bloomberg News
July 8, 2020
Business

Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring

A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. (Akos Stiller/Bloomberg News)

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.

Christoph Rauwald | Bloomberg News
July 1, 2020
Business, Technology, Fuel

Daimler Truck Coordinates Fuel Cell Activities With New Company

Andreas Gorbach and Christian Mohrdieck Andreas Gorbach (from left) and Christian Mohrdieck, managing directors of Daimler Truck Fuel Cell GmbH & Co. (Daimler AG - Product Communications Daimler Trucks)

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.

Roger Gilroy | Senior Reporter
June 8, 2020
Business, Technology, Equipment

Daimler Marks Milestone as Sprinter Turns 25

Sprinter vans Daimler AG

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.

Roger Gilroy | Senior Reporter
June 5, 2020
Business, Equipment

Mitsubishi-Fuso to End US, Canadian Sales

Mitsubishi Fuso Canter FE130 A Mitsubishi Fuso Canter FE130. (Mitsubishi Fuso Truck and Bus Corp.)

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.

Jerry Hirsch | Contributing Writer
May 28, 2020

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