Daimler AG News Updates

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.

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.

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.

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

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.

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.

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.

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.

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.

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.