Tag: Daimler

Retail Asia11/06/2019
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1min0
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take over from Dieter Zetsche after the company’s annual general meeting on May 22, has been working […]

Retail Asia19/04/2019
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4min0
European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry’s woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U.S., which led to a worldwide reevaluation of how cars are tested and how to limit emissions to […]

Retail Asia18/04/2019
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1min0
German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry. The plant in the town of Esipovo 40 kilometers north west of Moscow is the first in years to be opened by a foreign carmaker in Russia where […]

Retail Asia08/04/2019
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1min0
Daimler on Thursday said it will develop its next generation of Smart electric vehicles in China through a joint venture with rival Geely, deepening an alliance between the two carmakers. Daimler said it will build next generation Smart vehicles at a purpose built factory in China, and share its expertise in manufacturing, engineering and design […]

Retail Asia03/06/2017
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2min0
Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday. At a signing ceremony in Berlin attended by German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Daimler signed a framework agreement to upgrade production facilities at […]

Retail Asia30/05/2017
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3min
German automaker Daimler has acquired 15% stake in Hong Kong based Lei Shing Hong (LSG) strengthing their longstanding cooperation with an investment by Daimler in LSH. The partnership is responsible for the Mercedes-Benz retail business of Lei Shing Hong Group. The transaction has been concluded after approval of the relevant antitrust authorities. ”With this transaction […]

Retail Asia20/04/2017
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1min0
German automaker Daimler has yet to select a semiconductor provider for its autonomous cars’ development partnership with supplier Robert Bosch, Mercedes-Benz research and development chief Ola Kaellenius said on Wednesday. Earlier this month, Daimler and Bosch announced a strategic partnership to develop self-driving cars. “We have not selected the computing supplier, and there are several […]

Retail Asia01/03/2017
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2min0
BMW plans to expand its cooperation with Daimler in purchasing components, the carmaker’s new head of purchasing said in an interview with Frankfurter Allgemeine Zeitung. “It’s not been fully exploited; there are regular talks and we are discussing jointly purchasing more components,” Markus Duesmann was quoted as saying in an advance copy of the interview, […]

Retail Asia01/02/2017
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2min0
Automakers have been dabbling in the ride-sharing industry, but Uber remains the titan to beat. In true “Power Rangers” fashion, two automakers are reportedly forming a Megazord of ride-sharing in order to bring the fight to Uber’s doorstep. BMW and Daimler may combine their ride-sharing efforts to better compete with Uber, citing sources speaking to […]

Retail Asia01/02/2017
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4min0
German auto giant Daimler on Tuesday (Jan 31) said it had struck a partnership with Uber to supply self-driving cars for the US ride-hailing company. The tie-up comes as both carmakers and ridesharing firms are jockeying to establish themselves as leading players in the burgeoning world of autonomous driving, seen as the future of the […]

Retail Asia07/01/2017
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8min0
Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. Nissan (7201.T) decided in October its premium Infiniti brand would not use “MFA2”, an upgraded Daimler (DAIGn.DE) car […]


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