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Finnish telecoms equipment maker Nokia has suspended legal action against German carmaker Daimler in the hope that mediation will resolve their dispute over technology licensing fees. However, the decision drew a cool response from Daimler, which reiterated…
Tougher emissions rules will hit Daimler’s profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday.…
Daimler says to pay 870 mn euro fine over diesel recalls Lees ook: iKala raises US$17M Series B to expand global footprint
China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China’s Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been Daimler’s main partner in…
Mercedes-Benz has dropped a teaser of its upcoming GLB and it’s all set to make it’s world debut on June 10, 2019. The GLB, as the name suggests is based on the B-Class and is built on the MFA2 platform, which underpins the latter. It will be positioned…
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take over from…
The tiny, two-person Smart cars once pitched as the next big thing in urban mobility will be discontinued in the United States and Canada at the end of the current model year, German automaker Daimler AG said on Monday. Smart cars, with their unique styling…
European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry’s woes after Volkswagen in 2015 admitted to cheating on…
German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry. The plant in the town of Esipovo 40 kilometers north…
Daimler on Thursday said it will develop its next generation of Smart electric vehicles in China through a joint venture with rival Geely, deepening an alliance between the two carmakers. Daimler said it will build next generation Smart vehicles at a purpose…
Chinese carmaker Geely has built up an almost 10% stake in Daimler in a US$9 billion (RM35 billion) bet by its chairman that he can access the Mercedes-Benz owner’s technology in the growing battle for the future of automotives. The purchase by Li Shufu,…
Daimler Trucks has increased its worldwide deliveries in the first 11 months of 2017 by 12 percent year on year to 422,500 units, despite the continuation of disparate market conditions. Until the end of November, more trucks were delivered than in the whole…
Germany’s Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country’s green car…
Daimler is recalling more than 1 million Mercedes-Benz cars and sport utility vehicles worldwide to address potential unintended air bag deployments, the German automaker said on Monday. The safety recall covers 495,000 vehicles in the United States, 400,000…
Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday. At a signing ceremony in Berlin attended by German Chancellor Angela…
German automaker Daimler has acquired 15% stake in Hong Kong based Lei Shing Hong (LSG) strengthing their longstanding cooperation with an investment by Daimler in LSH. The partnership is responsible for the Mercedes-Benz retail business of Lei Shing Hong…
