Daimler AG

Government, Business

Daimler Cuts 2018 Outlook After Lower 3Q Projections

Daimler logo atop building Alex Kraus/Bloomberg News

Daimler AG on Oct. 19 cut its earnings outlook this year for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group.

Roger Gilroy | Staff Reporter
October 19, 2018

Daimler CFO Bodo Uebber Opts to Leave in Wake of Restructuring

Current Daimler CFO and CEO Daimler CFO Bodo Uebber and CEO Dieter Zetsche. (Guenter Schiffmann/Associated Press)

Daimler AG Chief Financial Officer Bodo Uebber’s decision to leave the maker of Mercedes-Benz luxury cars marks the first top-level departure after the German manufacturer picked Ola Kallenius as CEO starting next year.

Christoph Rauwald and Meghan Genovese | Bloomberg News
October 9, 2018
Business, Technology, Autonomous

Daimler, Renault-Led Alliance Ready for Self-Driving, Mobility Cooperation

Dieter Zetsche Daimler AG CEO Dieter Zetsche (Anthony Kwan/Bloomberg News)

Daimler AG and the Renault-Nissan-Mitsubishi alliance see opportunities to collaborate on mobility offerings as well as connected and self-driving cars, a move that would push their partnership into new territory.

Christoph Rauwald and Ania Nussbaum | Bloomberg News
October 3, 2018
Business, Technology, Safety

New Mercedes-Benz Actros Showcases Daimler’s Next-Gen Safety Technologies

Mercedes-Benz Actros Joe Howard/Transport Topics

HANOVER, Germany — Touting technology that is as “easy to use as a smartphone,” Daimler AG on Sept. 18 showcased safety systems on the next generation of its global highway tractor that it said points the way forward for connectivity in the commercial sector.

Joe Howard | Executive Editor
September 18, 2018
Business, Technology

Amazon Orders 20,000 Mercedes Vans to Bolster Delivery Program

Mercedes Sprinter van Daimler AG

Daimler AG is emerging as a beneficiary of Amazon.com Inc.’s booming package-delivery needs, with the e-commerce giant ordering 20,000 of the German automaker’s Mercedes-Benz Sprinter vans.

Gabrielle Coppola | Bloomberg News
September 5, 2018
Government, Business, Technology, Fuel

Daimler AG’s Board Approves Restructuring Aimed at Mastering Rapid Change

Daimler Freightliner truck Freightliner

Daimler AG announced its board has approved a restructuring, first discussed in 2017, that would create three independent units under Daimler’s umbrella as a holding company after the most thorough due diligence in the company’s 130-year history.

Roger Gilroy | Staff Reporter
July 27, 2018
Business, Equipment

Daimler Net Income, Revenue Down on Soft Total Sales

Mercedes Sprinter van A Mercedes-Benz Sprinter. Quarterly sales of vans jumped 7%. (Mercedes-Benz USA)

German car and truck maker Daimler AG reported second-quarter net income and revenue fell amid a slight increase in overall vehicle sales, driven by larger gains at its Mercedes-Benz Vans and Daimler Trucks units.

Roger Gilroy | Staff Reporter
July 26, 2018
Business, Technology

Phillips Connect Technologies Acquires Polish Electrical Components Company

Mercedes-Benz trucks in Germany Phillips Industries has been providing Daimler AG electrical/trailer cables for its Mercedes-Benz trucks in Europe. (Guenter Schiffmann/Bloomberg)

Phillips Connect Technologies, a business of Phillips Industries, completed the purchase of Fortech Poland, a manufacturer and distributor of quality 24-volt electrical connectors and cables for commercial vehicles with a broad and established customer base primarily in the European Union market.

Transport Topics
June 25, 2018
Government, Business, Technology, Fuel

Daimler Lowers Earnings Expectations Amid Increased Chinese Tariffs

Daimler AG Mercedes-Benz logo on Concept EQA grille (Andrew Harrer/Bloomberg News)

Daimler AG lowered estimates of its earning potential for 2018 as its car unit feels the effect of higher tariffs.

Roger Gilroy | Staff Reporter
June 21, 2018
Business, Equipment

Daimler Trucks CEO Says Possible Listing Is Up to Shareholders

Martin Daum, CEO of Daimler’s truck unit. (Andrew Harrer/Bloomberg News)

Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to.

Gabrielle Coppola and Olga Kharif | Bloomberg News
June 7, 2018