Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring
Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.
Daimler Truck Coordinates Fuel Cell Activities With New Company
Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.
Daimler Marks Milestone as Sprinter Turns 25
Daimler AG celebrated a 25-year milestone for its Mercedes-Benz Sprinter model, which began production in 1995, and whose roots go back 40 years to the company’s initial array of small cargo vehicles in various shapes.
Mitsubishi-Fuso to End US, Canadian Sales
Mitsubishi Fuso Truck and Bus Corp. is exiting the U.S. and Canadian markets as part of a strategic shift to focus on other regions, but will maintain service support for vehicles now on the road, the company announced.
Daimler Halts SUV Production at US Plant Over Mexico Parts Delays
Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.
Daimler Profit Drops Amid Falling Demand
Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus.
Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems
Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade.
Daimler AG Adds Liquidity With $12.94 Billion Loan
Daimler AG announced it extended its credit line and increased its financial flexibility with a $12.94 billion loan.
April 3, 2020Mercedes-Benz Unveils Upgrades to Vito Vans
Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.
Daimler Leaders Retool Management at Mercedes-Benz, Van Units
Daimler AG’s top management tightened control over its flagship Mercedes-Benz luxury-car unit and the vans division that turned in an outsized loss in 2019.