Daimler

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Retail Asia29/11/2021

Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on Thursday, providing relief to workers worried that the diesel motor production site was on the brink of deep job cuts. Workers who feared for their positions after Daimler said in September 2020 its Berlin site would end […]

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Retail Asia22/04/2021

Daimler will cut working hours for up to 18,500 employees and temporarily halt production at two plants in Germany due to a shortage of semiconductor chips that has hit global car production, it said on Wednesday. “Currently, there is a worldwide supply shortage of certain semiconductor components,” a spokeswoman said. “We continue to play things […]

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Retail Asia04/01/2021

Daimler AG and Infosys announced a long-term strategic partnership for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The partnership will enable the company to deepen […]

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Retail Asia24/11/2020

German luxury carmaker Daimler on Thursday said it plans to double sales of its Maybach-branded Mercedes-Benz vehicles, after selling 12,000 vehicles last year. Daimler unveiled its new flagship vehicle, which is based on a Mercedes-Benz S-Class limousine, and which retails starting at $173,000 but can quickly add up to more than $250,000 once options like […]

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Retail Asia29/10/2020

Recently few reports emerged which said that Mercedes was scaling back from developing autonomous driving technology which was quickly buried by the company’s head of digital transformation. Now Alphabet-owned Waymo and Daimler have officially announced a partnership in which the German company will be teaming up with the pioneering self-driving company to sell autonomous trucks […]

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Retail Asia27/10/2020

Daimler shares surged 4.5 percent on Friday after the luxury carmaker posted forecast-beating third-quarter results, buoyed by a better-than-expected rebound in sales of luxury cars in September. European car registrations rose slightly in September, the first increase this year, industry data showed on Friday, suggesting a recovery in the auto sector in some European markets […]

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Retail Asia22/10/2020

Daimler’s Chief Executive said China will remain Mercedes-Benz’s biggest growth market in the next decade and the German carmaker will adjust production locations to capture shifts in demand as global trade tensions continue to rise. The remarks by Ola Kaellenius come against a backdrop of increasingly strained relations between the United States, China and Europe […]

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Retail Asia15/07/2020

Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk. The auto industry has been hit hard by the coronavirus pandemic, which shuts factories and showrooms forcing traditional carmakers to […]

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Retail Asia28/04/2020

Mercedes-Benz maker Daimler has seen business stabilize in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday. Mercedes-Benz delivered a total of approximately 477,400 passenger cars worldwide between January and March. The report did not say how many of those went to customers in China, […]

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Retail Asia10/04/2020

Mercedes-Benz maker Daimler said Wednesday it plans to restart work at factories in Germany from April 20, after a weeks-long interruption due to the coronavirus pandemic. “In a few selected factories, we are implementing a coordinated restart of production,” the group said in a statement. “From April 20 this will affect the car motor factories […]

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Retail Asia05/03/2020

New electric models will help BMW and Daimler cut emissions from the cars they sell by an average of 20% this year, the German automakers predicted on Tuesday, as they strive to meet tough new European pollution rules. In a live-streamed event, following the cancellation of this week’s Geneva motor show due to the coronavirus […]

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Retail Asia04/03/2020

The Mercedes-Benz E-Class has been one of the most successful models from Mercedes, globally. And for 2021, the company is all set to reveal the latest E-Class model. It was supposed to happen at the 2020 Geneva Motor Show but as the show stands canceled, Mercedes-Benz will be revealing the car digitally around the globe, […]

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Retail Asia24/02/2020

German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG. As a result, Daimler’s Chief Financial Officer Harald Wilhelm will take over responsibility as finance chief at Mercedes-Benz AG from April 1 and Mercedes-Benz Chief Financial Officer […]

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Retail Asia13/02/2020

Daimler reported its biggest drop in annual profit in a decade on Tuesday, a 64% fall reflecting more than 5 billion euros in charges as well as an investment as Mercedes-Benz pushes into electric and hybrid vehicles. Mercedes saw record sales to retain its title as the world’s top-selling premium automaker but net profit fell […]

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Retail Asia09/01/2020

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday. The suit was filed on behalf of institutional investors who accuse Daimler of failing to inform investors about the risks and […]

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Retail Asia06/01/2020

German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard. The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and E-Class model lines. The automaker said the […]

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Retail Asia17/12/2019

Finnish telecoms equipment maker Nokia has suspended legal action against German carmaker Daimler in the hope that mediation will resolve their dispute over technology licensing fees. However, the decision drew a cool response from Daimler, which reiterated that the two companies had different legal opinions on the dispute. Nokia’s pursuit of fees from Daimler has […]

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Retail Asia22/11/2019

Tougher emissions rules will hit Daimler’s profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday. Daimler shares were down 2.3% in early trading at 52.17 euros, the […]

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Retail Asia08/10/2019

Daimler says to pay 870 mn euro fine over diesel recalls

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Retail Asia06/08/2019

China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China’s Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been Daimler’s main partner in China for years, operating Mercedes-Benz factories in Beijing through Beijing Benz Automotive. But […]

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