German automaker Mercedes opens new Russia factory
BERLIN (AP) — Germany's Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs.
Arizona sues Mercedes in suit alleging emissions cheating
PHOENIX (AP) — The state of Arizona alleges in a lawsuit that Mercedes-Benz violated a state fraud law by programming emission systems on certain models of its diesel vehicles to turn off or reduce their effectiveness while on the road, leaving consumers unaware that the vehicles send an enormous amount of nitrous oxide pollutants into the air.
Daimler CEO Zetsche to step down early, succeeded by insider
FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche, who unwound a troubled merger with Chrysler Corporation and led the German automaker to a string of record profits, will hand off next year to Ola Kallenius, a longtime insider who heads vehicle development for the Mercedes-Benz brand.
As Mercedes unveils its electric SUV, Tesla’s stock slumps
SAN FRANCISCO (AP) — Mercedes-Benz has unveiled an all-electric SUV that it plans to start producing next year in Germany, the latest to challenge Tesla in the luxury electric car market.
Daimler AG's luxury brand showed off its EQC sport utility crossover at an event outside Stockholm. It's seen as a rival to Tesla's Model X.
FRANKFURT, Germany (AP) — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury cars, and recalls and product delays related to diesel emissions.
Net profit fell to 1.8 billion euros ($2.1 billion), from 2.5 billion euros a year earlier. Revenues fell 1 percent to 40.8 billion euros.
BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China.
The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than previously expected, as a result of the tariffs, and "this effect cannot be fully compensated by the reallocation of vehicles to other markets." Daimler produces vehicles in the U.S.
FRANKFURT, Germany (AP) — Automaker Daimler AG saw first-quarter net profit fall 11 percent due to shifting currency exchange rates and one-time gains in the year-earlier quarter.
But the company had stronger earnings from its Mercedes-Benz luxury car division and raised its profit forecast for the year, saying earnings will increase slightly even as it spends heavily on new technology.
The previous outlook was for earnings about the same as last year's.
Detroit automakers and Michigan agriculture groups are urging the Trump administration to resolve differences with China without escalating a trade war, after that country threatened tariffs on additional U.S. products, including cars, auto parts, chemicals, soybeans, corn and beef.
Electric vehicles may not be lighting up American consumers, but that's not stopping automakers from stepping on the gas.
The Alliance of Auto Manufacturers is using this week's New York International Auto Show to launch a "Buyers Wanted" campaign, targeted primarily at would-be EV customers in the northeast. Jaguar Cars is touting its I-Pace electric crossover, soon to be rolling in the autonomous vehicle fleet of Waymo, a unit of Google parent Alphabet Inc.
FRANKFURT, Germany (AP) — Automakers Daimler and BMW have agreed to merge their transportation services businesses so they can expand offerings in ride-hailing apps, car-sharing, parking, and charging electric cars.
The two companies said Wednesday they aim to become a "leading provider" of new ways to get around cities, where more people will see cars as a service they use when needed.
Fiat Chrysler Automobiles NV, which held informal talks with Zhejiang Geely Holding Group Co. about a potential takeover by the Chinese manufacturer, would be ready to discuss interest from any suitor only after completing a growth plan this year.
Li Shufu's $9 billion investment in Daimler AG raised hackles in German government halls and executive suites. Not so at the offices of Michael Brecht, the powerful head of the automaker's works council.
Mercedes-Benz is not coming to the Detroit auto show in 2019, officials at the show confirmed.
The move by Daimler AG, Mercedes' parent company, is part of a larger trend in the automotive industry. Automakers are increasingly opting to unveil new products at their own special events when they don't have to share the spotlight, or at tech events when more of the Silicon Valley media is present.
Mercedes-Benz may pull out of the Detroit auto show next year, according to people familiar with the matter, as carmakers increasingly choose to unveil new products at tech shows or their own special events.
Daimler AG, Mercedes's parent, is moving toward standalone presentations of new models and technology summits like the CES technology show in Las Vegas, said the people, who asked not to be identified as the plan isn't public.
Daimler AG unit Mercedes-Benz is the latest international company offering the Chinese an open apology for quoting the Dalai Lama on Instagram, weeks after Chinese regulators probed Marriott International for listing Tibet as a nation on its website.
Profitable Daimler expects heavy spending on new tech
FRANKFURT, Germany (AP) — German automaker Daimler made lots of money last year. That's a good thing, because the company says it will need to spend heavily this year to keep up with the technological change expected to disrupt the car industry.
Daimler suspends manager connected to monkey testing
FRANKFURT, Germany (AP) — Automaker Daimler says it has suspended an executive who represented it at an industry-backed organization that commissioned diesel exhaust tests involving monkeys.
A statement from Daimler AG on Wednesday did not identify by name the executive, citing privacy concerns. It said the executive sat on the top management board of the now-dissolved EUGT entity.
The tests have been criticized by politicians, environmentalists and animal welfare activists.
- The Detroit NewsEU speeds probe, charges for VW, Daimler, BMWApril 5, 2019
- The Detroit NewsThe car that refuses to die is heading to ChinaApril 1, 2019
- The Detroit NewsShakeup in auto industry on display at Geneva showMarch 11, 2019
- The Detroit NewsBMW tightens US luxury race as Mercedes plungesMarch 2, 2019
- The Detroit NewsReport: Ford-VW could announce deal in Jan.December 10, 2018
CEO: Mercedes may miss emission goal if electrics don’t sell
DETROIT (AP) — If customers don't buy electric and more efficient cars and trucks, then Mercedes may not be able to meet government-imposed carbon dioxide emissions standards across the globe, its top executive says.
Dieter Zetsche, CEO of German automaker Daimler AG and head of its Mercedes luxury division, told reporters at the Detroit auto show Monday that he can't guarantee compliance.
Volkswagen AG's rebound from the diesel emissions scandal and an upgraded earnings forecast has helped the stock to surge ahead of its German peers.
VW's preference shares returned 23 percent this quarter through Friday, best among European auto stocks, while Daimler AG has gained 5.3 percent and BMW AG is little changed. Porsche Automobil Holding SE, which owns a majority of VW common shares, has done even better – advancing 31 percent.
Working towards independent energy supply, New homes in American Fork, Bringing Hope to the Table
Daimler partners, working towards independent power
Daimler AG announced it is utilizing its automotive fuel cell systems in stationary power systems to demonstrate a sustainable and independent energy supply for data centers, and to accelerate the transition to renewable energy generation and supply.
Electric trucks emerging but still have a long haul
DETROIT (AP) — Electric trucks are having a moment in the spotlight, but they won't replace diesel-powered trucks in big numbers until they overcome costs and other limitations.
Mercedes-Benz to invest $1 billion in Alabama, add 600 jobs
FRANKFURT, Germany (AP) — Carmaker Mercedes-Benz announced Thursday that it will invest $1 billion to set up electric vehicle production at its Tuscaloosa, Alabama plant and to build a battery factory nearby, moves it said would create 600 new jobs.
The luxury division of Germany's Daimler AG said it plans to manufacture electric SUVs under Mercedes' EQ sub-brand at the Alabama plant by the start of the next decade.
Electric cars dominate the buzz at Frankfurt auto show
FRANKFURT, Germany (AP) — Carmakers at the Frankfurt auto show are unveiling the low-emissions vehicles and technology strategies they hope will let them profit from the sweeping changes expected to hit the auto industry in the next few years.
FRANKFURT, Germany (AP) — German automaker Daimler AG says prosecutors will search several of its offices in Germany as part of a preliminary investigation into suspected manipulation of diesel emission controls.
Daimler said Tuesday it was cooperating with the probe conducted in its home base of Stuttgart. The company had already disclosed the probe in its financial reports. It said the investigation focused on "known and unknown employees" of the company.
- Business WireDaimler Leads $170M Financing in Sila NanotechnologiesApril 16, 2019
- Business WireCooper Discoverer SRXLE™ Tire Selected as Original Equipment for Mercedes-Benz GLEApril 2, 2019
- Globe NewswireWISeKey signs a perpetual license agreement with Daimler AG for certain components of its ISTANA PKI platformFebruary 27, 2019
- BusinessWireGarmin® collaborates with Daimler to bring connected features to Mercedes-Benz vehicles with the vívoactive® 3 GPS smartwatchJanuary 7, 2019