Business, Technology, Autonomous

German Industrial Job Losses Top 80,000 With Daimler Cuts

Mercedes van Mercedes-Benz Vision van by Virginia Mayo/AP

Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000.

Richard Weiss | Bloomberg News
November 15, 2019
Business, Technology, Fuel, Autonomous

Daimler Dumps Gas-Powered Truck Bid to Build CO2-Neutral Fleet

Mercedes-Benz Actros A Mercedes-Benz Actros semi-autonomous haulage truck cab. (Krisztian Bocsi/Bloomberg)

Daimler AG is quitting development of natural-gas powered trucks to pool resources for electric and hydrogen rigs that can advance its goal of offering a CO2-neutral fleet in its main markets by 2039.

October 25, 2019
Business, Equipment

Daimler Rides Cars, Vans to Earnings, Revenue Gains

A Daimler vehicle. A Daimler AG Mercedes-Benz GLC Coupe sports utility vehicle. ( Natan Dvir/Bloomberg News)

Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter.

Roger Gilroy | Staff Reporter
October 24, 2019
Government, Business, Technology, Equipment

Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe

Daimler Krisztian Bocsi/Bloomberg News

German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars.

September 24, 2019
Business, Technology

Daimler Trucks Announces Battery Cell Supplier

Daimler eCascadia Truck A pair of electric Freightliner eCascadias. (Daimler Trucks North America)

Daimler Trucks announced an agreement with battery manufacturer Contemporary Amperex Technology Co. to supply lithium-ion battery cell modules for its electric trucks, including the Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2.

September 20, 2019
Business, Technology, Safety, Logistics, Autonomous

Daimler, Torc Begin Testing Self-Driving Trucks in Virginia

DTNA test truck A Freightliner Cascadia test truck outfitted with Torc’s self-driving software and lidar sensors, cameras and radar. (Daimler Trucks North America)

Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said.

Seth Clevenger | Managing Editor, Features
September 9, 2019
Business, Technology

Daimler Faces Off With Green Groups In Berlin

Daimler Krisztian Bocsi/Bloomberg News

Daimler AG’s head of sales, facing off with environmentalists at a heated meeting in Berlin, said the company is investing billions of euros to transform its product range to reach emissions targets.

Andrew Blackman | Bloomberg News
September 6, 2019
Government, Business, Equipment

BMW, Mercedes-Benz Ensnared Again in US-China Trade War

Robots at BMW plant Robots weld car body components for vehicles at the BMW assembly plant in Greer, S.C. (Luke Sharrett/Bloomberg)

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.

August 26, 2019
Business

Daimler Posts 2Q Loss on Higher Revenue

Former Daimler CEO Dieter Zetsche and new Daimler CEO Ola Kallenius Previous Daimler CEO Dieter Zetsche (left) and new Daimler CEO Ola Kallenius pose before the annual shareholder meeting in Berlin, on May 22, 2019. (Associated Press/Michael Sohn)

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.

Roger Gilroy | Staff Reporter
July 24, 2019
Business

Daimler AG Sells 5% Stake to BAIC Group

Ola Källenius Ola Källenius, Daimler chairman and head of Mercedes-Benz Cars, speaks at the North American International Auto Show on Jan. 12, 2015, in Detroit. (Associated Press/Tony Ding)

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, 2019

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