Daimler Investors Seek $1 Billion Over Diesel Disclosure
Daimler AG was sued by more than 200 shareholders for as much as $1 billion over claims the parent of Mercedes-Benz luxury cars failed to properly disclose that its vehicles were fitted with technology to cheat on diesel emissions tests.
Daimler to Pay $20 Million Penalty Over Mercedes Recall Lapses
Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall program.
German Industrial Job Losses Top 80,000 With Daimler Cuts
Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000.
Daimler Dumps Gas-Powered Truck Bid to Build CO2-Neutral Fleet
Daimler AG is quitting development of natural-gas powered trucks to pool resources for electric and hydrogen rigs that can advance its goal of offering a CO2-neutral fleet in its main markets by 2039.
Daimler Rides Cars, Vans to Earnings, Revenue Gains
Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter.
Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe
German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars.
Daimler Trucks Announces Battery Cell Supplier
Daimler Trucks announced an agreement with battery manufacturer Contemporary Amperex Technology Co. to supply lithium-ion battery cell modules for its electric trucks, including the Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2.
September 20, 2019Daimler, Torc Begin Testing Self-Driving Trucks in Virginia
Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said.
Daimler Faces Off With Green Groups In Berlin
Daimler AG’s head of sales, facing off with environmentalists at a heated meeting in Berlin, said the company is investing billions of euros to transform its product range to reach emissions targets.
BMW, Mercedes-Benz Ensnared Again in US-China Trade War
When China responded to President Donald Trump’s trade war with an extra 25% tariff on U.S.-made cars in mid-2018, the move cut the number of vehicles exported from America by half.