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Daimler News

Daimler cuts its profit forecast over diesel scandal costs

Daimler shares fell as much as five percent on Monday after the German automaker cut its profit forecast for the third time in 12 months to take account of the cost of its diesel transgressions.

Daimler faces probe over 'new cheating software'

Berlin - Daimler confirmed Sunday it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant in some of its vehicles.

Daimler halts Iran activities over US sanctions

Frankfurt Am Main - German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran.

Volkswagen just ordered $48 billion in electric car batteries

A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen AG said it was writing a check for batteries that almost match Tesla’s entire market value.

Chinese billionaire Li Shufu buys biggest single stake in Daimler

Frankfurt Am Main - Chinese billionaire Li Shufu has bought a near 10-percent stake in Mercedes-Benz maker Daimler, making him the German group's largest single shareholder, a stock market filing showed Friday.

Daimler struggling with European emissions standards

Detroit - The chief executive of Daimler said Monday at the Detroit auto show that his company cannot currently guarantee it can meet tougher European CO2 emissions standards taking effect in several years.

Daimler manipulated emissions in one million cars: report

Frankfurt Am Main - German luxury automaker Daimler manipulated the engines of around one million diesel vehicles to make them appear less polluting, local media reported Thursday, raising echoes of competitor Volkswagen's 'dieselgate' scandal.

Daimler races ahead of expectations in Q1

Berlin - German top-of-the-range carmaker Daimler said its underlying profits overtook expectations and almost doubled in the first three months of the year, driven by the strong performance of its Mercedes-Benz brand.

Daimler hits accelerator on electric car plans

Frankfurt Am Main - Daimler, the world's biggest luxury carmaker, said Wednesday it will speed up development of electric vehicles, aiming for 10 new models within five years rather than eight."Emissions-free driving is at the centre of our strategy.

Daimler removes China executive over 'racist rant'

Bejing - German auto giant Daimler said Tuesday it removed a top executive of its China trucks and buses unit, after his allegedly racist remarks in a parking row became national news.

Mercedes-Benz introduces first completely electric semi truck

Mercedes-Benz and Daimler have provided a glimpse into the future of heavy transport by unveiling the world’s first fully electric truck that will hit the road in the next decade.

Daimler signs 1.0-bn-euro production deal with Chinese partner

Berlin - German auto giant Daimler said Friday it had signed a deal worth one billion euros ($1.4 billion) with its Chinese partner to expand production at their joint Beijing-based venture.

Rolls-Royce to buy Daimler stake of power systems unit with cash, borrowing

British engineering company Rolls-Royce <RR.L> said on Friday it would fund the purchase of German carmaker Daimler's <DAIGn.DE> 50 percent stake of a jointly owned power systems company using...

Exclusive: Mercedes, Infiniti to pool small cars, plant - sources

Daimler's <DAIGn.DE> Mercedes and Nissan's <7201.T> Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production a...

Daimler CEO says software services key for growth

Carmakers will need to ensure their vehicles can connect to mobile devices and the internet if they are to survive, Daimler chief executive Dieter Zetsche said on Monday.

Mercedes tops used-car awards

Stuttgart - Mercedes-Benz has come out the big winner in awards presented by an annual German report, netting three class honors and the two overall titles.

Daimler says to pursue cost cuts beyond 2 billion euros initial goal

Germany's luxury auto maker Daimler <DAIGn.DE> will pursue deeper cost cuts than an initially targeted 2 billion euro in savings by 2014 as a way to raise profits at its Mercedes car division, Chief Executive Dieter Zet...

Daimler drives to record sales, profits in 2013

Frankfurt - German luxury auto maker Daimler achieved record sales and profits in 2013, and expects to achieve "significant" growth again this year, the company said on Thursday.

Daimler not liable in US for alleged Argentina abuses

Washington - German carmaker Daimler AG is not liable in the United States for human rights abuses allegedly committed by a subsidiary during Argentina's dictatorship, the Supreme Court ruled Tuesday.

Op-Ed: What recession? Business booming for Rolls, Porsche etc.

Sydney - To quote the professor on Futurama, “Good news, everyone!” Somebody must be making money, particularly in China and Russia. The Age of Bling on Wheels is back, notably Rolls Royce, Lamborghini, Porsche, BMW, Bentley and Daimler.

Daimler to settle charges of international bribery

German auto manufacturer Daimler has agreed to pay $185m as settlement for international bribery charges after a five-year investigation conducted by the US Department of Justice.

Daimler takes $1.51 bn Q2 loss

Daimler AG posted a €1.06 billion ($1.51 billion) loss in the second quarter as the recession hurt car and truck sales.

Daimler buys 10 percent stake in Tesla

The German carmaker Daimler AG has purchased a 10 percent stake in the electric car maker Tesla Motors Inc. The deal expands Daimler's access to Tesla lithium-ion battery technology.

GM in Chrysler takeover talks

"U.S. shares of DaimlerChrysler AG jumped more than four per cent today after a trade publication reported that General Motors Corp. is in talks to acquire the troubled Chrysler Group. GM and Chrysler Group officials would not comment on the report by...

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The Mercedes-Benz Zetros
The Mercedes-Benz Zetros
In September 2017  Daimler launched the Fully electric FUSO eCanter in New York City.
In September 2017, Daimler launched the Fully electric FUSO eCanter in New York City.
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