Daimler AG

Business, Technology

Daimler Picks Bernd Pischetsrieder to Be Next Chairman

Bernd Pischetsriede is the former CEO of BMW AG and Volkswagen AG. (Christof Stache/AFP/Getty Images) Bernd Pischetsrieder is the former CEO of BMW AG and Volkswagen AG. (Christof Stache/AFP/Getty Images)

Daimler AG’s supervisory board picked Bernd Pischetsrieder to be its next chairman and help navigate the maker of Mercedes-Benz luxury cars through a seismic industry transformation.

Christoph Rauwald | Bloomberg News
December 3, 2020
Business, Technology, Autonomous

Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts

Austin Russell, founder and CEO of Luminar Technologies, holds a lidar box for a photograph. Austin Russell, founder and CEO of Luminar Technologies, holds a lidar box at the company's headquarters in Portola Valley, Calif., in July 2017. (David Paul Morris/Bloomberg News)

Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.

Gabrielle Coppola | Bloomberg News
October 30, 2020
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

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