Daimler AG

Business, Technology, Fuel

Daimler’s Mercedes-Benz to Start Electric Van Production in US in 2023

Mercedes-Benz logo. (David Zalubowski/Associated Press) David Zalubowski/Associated Press

Mercedes-Benz is bringing production of its new electric delivery van to the U.S. in the second half of 2023, joining a herd of automakers seeking to capitalize on the greening of e-commerce.

Gabrielle Coppola | Bloomberg News
March 30, 2021
Government, Business, Fuel

Daimler’s Legal Risks Around Emissions Linger Ahead of Revamp

Mercedes-Benz logo. (Krisztian Bocsi/Bloomberg News) Krisztian Bocsi/Bloomberg News

Daimler AG shares have soared since the pandemic forced the Mercedes-Benz maker to postpone its annual shareholders’ meeting around this time a year ago. Its chairman’s swan song still will hit some low notes.

Christoph Rauwald | Bloomberg News
March 30, 2021
Business

Renault to Sell $1.4 Billion Daimler Stake

A Renault Kiger sports utility vehicle A Renault Kiger sports utility vehicle. (T. Narayan/Bloomberg News)

Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss.

March 11, 2021
Business, Technology, Fuel

Daimler Truck Eyes Profit Rebound, Electric Rig in Spinoff Year

A Daimler AG Freightliner Cascade Evolution concept autonomous truck stands on display. (Krisztian Bocsi/Bloomberg News) A Daimler Freightliner Cascade Evolution concept autonomous truck stands on display at a trade fair in Germany in 2016. (Krisztian Bocsi/Bloomberg News)

Daimler AG’s truck unit will focus on restoring earnings this year and start producing an electric big rig as it gets ready to separate from the larger Mercedes-Benz luxury-car division after more than a century.

Christoph Rauwald | Bloomberg News
February 25, 2021
Business, Technology, Equipment

Daimler Truck AG Taps Cummins to Supply All Medium-Duty Engines

Daimler and Cummins logos Daimler

Daimler Truck AG and Cummins Inc. announced a global partnership for medium-duty diesel engine development and production, and are considering other potential collaborations.

Roger Gilroy | Senior Reporter
February 23, 2021
Business, Technology, Autonomous

Torc Robotics Chooses AWS as Cloud Provider

Torc Robotics truck Torc Robotics

Torc Robotics announced it selected Amazon Web Services Inc. as its preferred cloud provider to handle the scale and speed needed for data transfer, storage and compute capacity as the company prepares to deploy its fleet of next-generation self-driving test trucks in New Mexico and Virginia.

February 19, 2021
Business, Technology, Fuel

Daimler Posts Income Increase, Revenue Dip in Q4

Ola Kallenius “Our financial results significantly exceeded expectations in 2020, due in particular to a strong fourth quarter,” said Daimler Chairman Ola Källenius. (Daimler AG)

Daimler AG reported a dip in revenue and a gain in net income in the fourth quarter compared with a net loss a year earlier.

Roger Gilroy | Senior Reporter
February 18, 2021
Business

Daimler Truck Poised to Become Public Company

Daimler trucks and cars will become separate units Daimler plans to become Mercedes-Benz Cars & Vans and Daimler Trucks & Buses. (Daimler AG)

Daimler AG plans to split up into the world’s largest makers of luxury cars and commercial vehicles, renaming itself Mercedes-Benz and separately listing its truck unit by year-end.

Roger Gilroy | Senior Reporter
February 3, 2021
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

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