Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe
German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars.
Daimler Trucks Announces Battery Cell Supplier
Daimler Trucks announced an agreement with battery manufacturer Contemporary Amperex Technology Co. to supply lithium-ion battery cell modules for its electric trucks, including the Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2.
September 20, 2019Daimler, Torc Begin Testing Self-Driving Trucks in Virginia
Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said.
Daimler Faces Off With Green Groups In Berlin
Daimler AG’s head of sales, facing off with environmentalists at a heated meeting in Berlin, said the company is investing billions of euros to transform its product range to reach emissions targets.
BMW, Mercedes-Benz Ensnared Again in US-China Trade War
When China responded to President Donald Trump’s trade war with an extra 25% tariff on U.S.-made cars in mid-2018, the move cut the number of vehicles exported from America by half.
Daimler Posts 2Q Loss on Higher Revenue
Daimler AG outlined a series of moves to return to profitability after posting a net loss in the second quarter, particularly at its largest division, Mercedes-Benz cars.
Daimler AG Sells 5% Stake to BAIC Group
A day ahead of its second-quarter earnings release, Daimler AG July 23 announced Beijing Automotive Group Co. Ltd., had acquired a 5% stake in the company.
July 23, 2019Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning
Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.
Daimler’s New Leaders Confront Old Issues as Diesel Bites
Just one month into the job, Daimler AG’s new executive duo is unearthing skeletons from the diesel-scandal era, hobbling the move toward an electric future with a crisis that erupted almost four years ago.
Daimler Trucks Creates Autonomous Technology Group
Daimler Trucks announced the formation of its Autonomous Technology Group as the world’s largest truck maker works to put highly automated trucks on the road within a decade.