Daimler AG

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
Government, Business, Equipment, Logistics

Daimler Halts SUV Production at US Plant Over Mexico Parts Delays

New Mercedes-Benz SUVs, manufactured by Daimler AG, on March 31. New Mercedes-Benz SUVs, manufactured by Daimler AG, on March 31. (Olivier Matthys/Bloomberg News)

Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.

Gabrielle Coppola | Bloomberg News
May 15, 2020
Business, Equipment

Daimler Profit Drops Amid Falling Demand

Freightliner trucks Freightliner trucks at a factory in Cleveland, N.C. (Freightliner Trucks via YouTube)

Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus.

Roger Gilroy | Senior Reporter
April 29, 2020
Business, Technology, Fuel, Breaking News

Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems

Martin Daum and Martin Lundstedt Martin Daum (left) and Martin Lundstedt by Daimler AG

Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade.

Roger Gilroy | Senior Reporter
April 21, 2020
Business

Daimler AG Adds Liquidity With $12.94 Billion Loan

Western Star truck A Western Star truck. Daimler Trucks North America’s commercial vehicle brands include Freightliner and Western Star. (Western Star)

Daimler AG announced it extended its credit line and increased its financial flexibility with a $12.94 billion loan.

April 3, 2020

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