Business, Technology, Autonomous

Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning

Daimler Michaela Handrek-Rehle/Bloomberg News

Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.

Elisabeth Behrmann | Bloomberg News
July 12, 2019
Government, Business, Technology

Daimler’s New Leaders Confront Old Issues as Diesel Bites

Daimler AG CEO Ola Kallenius New Daimler CEO Ola Kallenius faces challenges in turning around the company. (Qilai Shen/Bloomberg News)

Just one month into the job, Daimler AG’s new executive duo is unearthing skeletons from the diesel-scandal era, hobbling the move toward an electric future with a crisis that erupted almost four years ago.

Christoph Rauwald | Bloomberg News
June 24, 2019
Business, Technology, Autonomous

Daimler Trucks Creates Autonomous Technology Group

Cascadia featuring SAE Level 2 driving. Freightliner Cascadia featuring SAE Level 2 driving. (Daimler Trucks North America)

Daimler Trucks announced the formation of its Autonomous Technology Group as the world’s largest truck maker works to put highly automated trucks on the road within a decade.

Roger Gilroy | Staff Reporter
May 29, 2019
Business

CEO Dieter Zetsche Warns of Deep Cost Costs as He Departs Daimler

Dieter Zetsche Daimler CEO Dieter Zetsche (Krisztian Bocsi/Bloomberg News)

Bidding farewell to the company he led for more than a decade, Daimler AG’s CEO urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval.

Christoph Rauwald | Bloomberg News
May 22, 2019
Business

Daimler 1Q Net Income Dips, Revenue Flat

Daimler trucks and buses Daimler Truck North America

Daimler AG reported first-quarter net income dipped and revenue was flat amid a range of constraining factors affecting cash flow, and despite gains in truck sales.

Roger Gilroy | Staff Reporter
April 26, 2019
Business, Technology, Autonomous, Editorial

Editorial: Joining Forces for the Future

Journalists love it when big news breaks. As last week drew to a close, two significant deals involving major players in the commercial truck industry made headlines and landed on the front page of the April 1 issue of Transport Topics.

March 29, 2019
Business, Technology, Autonomous

BMW, Daimler Team on Automated Driving Technology

Harald Krueger and Dieter Zetsche BMW CEO Harald Krueger (left) and Daimler CEO Dieter Zetsche talk during a press conference in Berlin. (Bernd von Jutrczenka/dpa via AP)

FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.

David McHugh | AP Business Writer
February 28, 2019
Business, Technology, Equipment, Logistics

Daimler Joins BMW in Bid to Be a Force in Ride-Hailing Sector

Dieter Zetsche BMW CEO Harald Krueger and Daimler AG CEO Dieter Zetsche in Berlin. (Krisztian Bocsi/Bloomberg News)

Daimler AG and BMW AG are pouring more than 1 billion euros into their joint car-sharing and ride-hailing businesses to take on the likes of Uber Technologies Inc. and Lyft Inc.

February 22, 2019
Business, Technology, Equipment

Mainstream Car Models More Dependable Than Luxury Brands, Survey Shows

Toyota Patrick T. Fallon/Bloomberg News

Prospective buyers planning to splurge on a luxury car may want to reconsider. Mass-market brands now are more reliable than premium models.

Alexandra Semenova | Bloomberg News
February 13, 2019
Business, Technology, Equipment, Safety

Automakers Recall 1.7 Million Vehicles With Potentially Lethal Air Bags

Takata Paul Sancya/Associated Press

DETROIT — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.

Tom Krisher | Associated Press
February 8, 2019

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