Daimler Details Ownership Stakes, Joint Ventures With Chinese Partners
When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time.
December 13, 2021Daimler Truck Launches as Public Company
To the clanging of a bell and the blasting of a truck air horn, Daimler Truck began trading Dec. 10 as an independent company on the Frankfurt Stock Exchange under the stock symbol DTG, marking a new era following its spinoff from Daimler AG.
Daimler Truck Shares Details on Plans Post-Spinoff
Daimler Truck AG, the largest global truck maker, intends to go public Dec. 10, and recently described what that would look like in terms of products and performance.
Daimler to Sell Its $364 Million Stake in Renault
Daimler AG said it intends to dispose of all of its stake in Renault SA, valued at about $364 million.
Daimler Q3 Net Income Rises Slightly, Revenue Dips
Daimler AG reported modestly higher net income and a dip in revenue in the third quarter as truck sales rose, but sales of Mercedes-Benz vehicles plunged.
Daimler Trucks to Report Regional Profit in Savings Goal Chase
Daimler AG’s truck unit plans to ring in life as an independent company by delivering on savings targets and disclosing regional earnings in a bid to put to bed criticism it’s lagging the returns of rivals.
Daimler Investors Approve Plan to Split Mercedes From Trucks
Daimler AG shareholders backed a plan to spin off the sprawling truck division from the Mercedes-Benz luxury car operations in a watershed decision to boost the valuation of both companies.
Daimler Rejects Environmental Groups’ Climate Demand
BERLIN — German automaker Daimler on Sept. 3 dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.
September 3, 2021Daimler Posts Q2 Earnings, Revenue Surge Despite Headwinds
Daimler AG reported higher earnings and revenue as it sold 736,385 passenger cars and commercial vehicles in the second quarter, up 36% compared with 541,833 a year earlier. Truck sales alone jumped by an even higher percentage.
Daimler Profit Trounces Estimates as Shortages Lift Prices
Daimler AG posted far higher earnings than analysts expected by joining peers in commanding better pricing for vehicles in the midst of the global semiconductor shortage.