Daimler says U.S. tax reform will raise 2017 net income
German automaker Daimler stated on Friday the U.S. tax reform would lead to an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results. Other problems not linked to the U.S....
View ArticleDaimler and Transport Ministry agrees to clear up complex emissions issues
German automaker Daimler and the German transport ministry have agreed to clear up very complex technical issues connected with diesel emissions, a spokesman for the ministry stated on Friday. He...
View ArticleFord and Daimler are winding down fuel cell joint venture
Ford Motor and Daimler AG are winding down a joint venture established to develop automotive fuel cell technology, Ford stated on Wednesday, as both automakers prepare to take their concerning fuel...
View ArticleDaimler, Bosch to bring self-driving taxis in California test program
German automaker Daimler AG and auto supplier Bosch Corp are going to deploy self-driving taxis in California’s Silicon Valley region in 2019 as part of a test program of vehicles designated for city...
View ArticleDaimler and Baidu to extend automated driving alliance
German automaker Daimler stated it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services. Daimler and Baidu joined forces in April last year to develop...
View ArticleDaimler looks forward to trade war between China and the US
German automaker Daimler on Thursday stated it was looking forward at ways to mitigate the effect of a trade war between China and the United States, a step which consist of a review of whether to move...
View ArticleDaimler eyes joint venture with Geely Holding Group
German vehicle manufacturer Daimler AG is discussing China’s Geely Holding Group to start a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, mentioning...
View ArticleDaimler raises possibility of increasing stake in BAIC Motor
Daimler AG has boosted the prospect of increasing its stake in a joint venture with Chinese partner BAIC Motor, Bloomberg reported on Tuesday, mentioning people knowledgeable with the matter. Daimler...
View ArticleDaimler cuts dividend as lower sales, R&D costs hit Mercedes
Daimler slashed its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, due to trade wars, increasing costs for developing electric cars and an industry downturn that has...
View ArticleDaimler gets closer to sell half its Smart unit to Geely
Daimler AG is close to the sale of a 50 percent stake in its small-car brand Smart to China’s Geely Automobile Holdings, the Financial Times stated on Tuesday, mentioning three people knowledgeable...
View ArticleDaimler asks EU antitrust regulators to investigate Nokia patents
Daimler has complained to EU antitrust regulators about Nokia patents important to car communications, a move underlining the tensions between tech firms and the auto industry on the use of major...
View ArticleDaimler has no idea how North Korean leader Kim Jong Un got limousines
Daimler, the maker of armored limousines used by North Korean leader Kim Jong Un, states it has no idea where the leader got them and has no business dealings with the country. Kim Jong Un has...
View ArticleDaimler CEO says there are no plans to pursue a merger or spin-off
Daimler has no strategies to spin off its trucks division or to pursue a merger with BMW as a means to increase the company’s share price, Chief Executive Ola Kaellenius stated last week. “There are no...
View ArticleDaimler warns of impact of coronavirus outbreak
German automaker Daimler on Friday cautioned of dangers for the economy and its own business because of the outbreak of coronavirus that is spreading in China and elsewhere in the world. “Risks for the...
View ArticleDaimler partners with Volvo for $1.3 billion Hydrogen fuel-cell joint venture
German automaker Daimler has announced on Tuesday that it is collaborating with Swedish auto giant Volvo to establish a $1.3 billion joint venture to make Hydrogen fuel-cell for trucks. Both the...
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