Daimler AG News Updates

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

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.

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

Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.

Daimler AG’s top management tightened control over its flagship Mercedes-Benz luxury-car unit and the vans division that turned in an outsized loss in 2019.

Daimler AG is recalling almost 300,000 of its Mercedes-Benz cars because of fire hazards.

Daimler AG reported a net loss and a 1% increase in revenue in the fourth quarter as sales of cars and vans increased, while truck sales globally fell 16%.

Daimler AG, Volvo AB and other truck makers won dismissal of a 867 million-euro ($950 million) lawsuit claiming customers were overcharged in a price-fixing cartel.

Daimler AG agreed to test recycled waste produced by Israel’s UBQ Materials Ltd. to see if it’s viable for use in car parts for new vehicles.

Daimler Trucks announced in-use testing of the Mercedes-Benz eEconic, its battery-electric low-floor truck intended for municipal waste collection, would begin in Europe in 2021.