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.
Daimler to Recall 298,000 Mercedes-Benz Cars
Daimler AG is recalling almost 300,000 of its Mercedes-Benz cars because of fire hazards.
Daimler Q4 Profits Tumble; Revenue Inches Higher
Daimler AG reported a net loss and a 1% increase in revenue in the fourth quarter as sales of cars and vans increased, while truck sales globally fell 16%.