Latest in Tag: Daimler Highlight

Latest in Tag: Daimler


Carmaker Daimler logs shrinking sales and profits

German carmaker Daimler has reported a significant drop in bottom-line profit for the third quarter. It attributed the result to a number of one-off effects, including the introduction of a new emissions test cycle.Daimler announced Thursday the group's net earnings between July and September amounted to €1.76 billion ($2 billion), marking a 21-percent fall in …

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Daimler CEO grilled over suspected emissions manipulation

Daimler chief Dieter Zetsche has been called into the German Transport Ministry to answer questions about just how many Mercedes vans and other cars need to be fixed via software updates to meet emissions rules.German Transport Minister Andreas Scheuer talked to Daimler CEO Dieter Zetsche in Berlin on Monday to debate a current regulatory probe …

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Daimler expands its e-battery production

During a groundbreaking ceremony in eastern Germany, premium carmaker Daimler has confirmed its e-mobility ambitions. The company is building another huge factory for the production of e-batteries.Automaker Daimler on Monday broke the ground for a second e-battery production facility in Kamenz, Germany, where its subsidiary Accumotive had already been churning out batteries for the firm’s …

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Daimler raises 2017 outlook as Mercedes sales fuels profit growth

Daimler has revised up its profit outlook after a storming start to 2017. Fueled by sales of the company’s Mercedes-Benz E-Class, the company has forwarded its investment in electric cars and autonomous vehicles.German car manufacturer Daimler, the 13th largest in the world, raised its outlook for the year after profits doubled in the first three …

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Daimler and Bosch team up to build ‘robo-taxis’

The German premium carmaker and the world’s largest automotive supplier have announced a partnership in the race to build self-driving cars, with their first automated taxi planned to hit the road early next decade.In a joint statement released Tuesday, the two German companies said they had signed a development agreement aimed at “production-ready development of …

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Daimler trying to dispel Dieselgate fears

Daimler shareholders have had little reason to criticize the carmaker’s latest sales drive. But during their annual meeting in Berlin, they appeared worried about a Volkswagen-style emissions scandal.Daimler held its annual general meeting in Berlin on Wednesday, with the group’s board trying to allay shareholders’ fears after the carmaker was dragged into rival Volkswagen’s emissions-cheating …

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Daimler remains upbeat after record year

The German car group behind the Mercedes-Benz and Smart brands aims to stay in the fast lane of carmaking, after its global sales sped to a new company record last year and despite some headwinds this year.Strong performance in its cars and vans divisions lifted the 2016 profit at the Stuttgart, Germany-based premium carmaker by …

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Daimler to build self-driving cars for Uber

German premium carmaker Daimler has announced a partnership with Uber to supply self-driving cars for the US ride-hailing company as the pair seeks to become leading players in the world of autonomous driving.In a statement issued on Tuesday, the two companies announced their tie-up, saying that Daimler planned to “introduce self-driving vehicles on Uber’s global …

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Daimler to buy car-leasing firm Athlon

The German auto maker – known for its Mercedes luxury cars – has acquired the Dutch car-leasing specialist because of its strong market position, allowing Daimler to improve its fleet management services.

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Daimler raises money to keep refugees warm

German automaker Daimler has donated more than 600,000 euros ($667,000) to help the German Red Cross find suitable housing for the hundreds of thousands of refugees who have poured into the country before winter sets in. The company said Friday that employees across Germany had chipped in 300,666 euros during a month-long donation drive and …

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Daimler sales unaffected by VW pollution scandal

German auto maker Daimler has reported record sales for the third quarter, lifting operating profit by almost a third year-on-year. The results showed the firm unharmed by rival VW’s pollution scandal. Germany’s Daimler, maker of the luxury Mercedes brand, said Thursday it had logged record unit sales in the July-September period, shifting 720,000 cars worldwide …

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Daimler’s self-driving trucks to hit German roads

The car giant’s new generation of self-driving 18-wheelers have been given permission to roam German roads. CEO Zetsche says the industry is facing a revolution and that he’s looking to team up with Silicon Valley. German carmaker Daimler has been given the green light to test its futuristic line of self-driving trucks on public roads …

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German carmakers to buy HERE maps from Nokia

Three rival German automakers are buying Nokia’s digital maps division, HERE, a frontrunner in high-precision cartography. The maps are especially useful in the development of autonomous driving systems. German car companies Audi, BMW and Daimler announced on Monday that they would be banding together to purchase HERE from Finland’s Nokia, with each company acquiring an …

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