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Nissan Motor Sold About 16.4 Mln Shares In Daimler For Proceeds Of About €1,149 Mln - Bookrunner
Daimler ABB-Sale Of Secondary Shares By Nissan Motor Expected To Price At EUR 69.85 - Bookrunner
Daimler Management Board Appointments For Truck CEO Daum And CFO Wilhelm Extended
Daimler AG (Daimler) is a Germany-based automotive engineering company. The Company engages in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Its segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, and small cars under the smart brand, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans sells vans under the brand name Mercedes-Benz and the Freightliner brand. The Daimler Buses segment sells completely built-up buses under brand names, including Mercedes-Benz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands worldwide.
Auto & Truck Manufacturers
Chairman of the Supervisory Board
Chairman of the Management Board, Chairman of Mercedes-Benz Cars & Vans, Chief Executive Officer
Independent Vice Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Head of Finance, Controlling/Daimler Mobility
Renata Jungo Bruengger
Member of the Management Board, Head of Integrity and Legal Affairs
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If the European Union wants to push a faster shift to zero-emissions cars then Daimler AG is ready, but there needs to be an open debate on the impact electrification will have on auto jobs, the carmaker's top executive said on Tuesday.
Daimler Trucks and Volvo AB said on Thursday they aim jointly to cut the costs of hydrogen fuel cells by a factor of five or six by 2027 as they seek to make the zero-emission technology commercially viable for long-haul trucking.
* Ups Mercedes-Benz cars, vans adjusted margin target to 10%-12%
German carmaker Daimler AG said on Friday that the global semiconductor chip shortage may continue to impact sales in the second quarter, but still expects its operating profit this year to be significantly above 2020.
Carmaker Daimler is to put up to 18,500 workers in Germany on short-time work due to a shortage of chips, Focus Online reported on Wednesday, citing Germany's dpa news agency. (Reporting by Madeline Chambers Editing by Riham Alkousaa)
* Daimler shares rise as much as 2.9% (Recasts, adds detail on sales by region, context, analyst comment)
Daimler AG on Thursday unveiled the electric "sibling" of its flagship Mercedes-Benz S-Class luxury sedan, taking the fight to market-leader Tesla Inc in the battle for market share as electric car sales take off.
Daimler's Spanish unit can be liable for damages sought by companies affected by the German carmaker's role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe's top court said on Thursday.
Daimler's Spanish unit can be liable for damages sought by companies affected by the German carmaker's role in a truck cartel sanctioned by EU antitrust regulators five years ago, an adviser to Europe's top court said on Thursday.
* Plans to spin off Daimler Truck underway (Adds details on EQS sedan, German plants, carmakers' plans)
Daimler AG said on Wednesday that despite a global shortage of semiconductor chips, the German carmaker has got off to a good start in 2021 and still expects this to be a significantly better year for sales and profits than 2020.
China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.
French carmaker Renault said on Thursday it would sell all of its 1.54% stake in Germany's Daimler in order to speed up de-leveraging of its automotive business.
A federal judge on Tuesday approved Daimler AG's $1.5 billion settlement to resolve a U.S. government probe into the German automaker's use of undisclosed software that allowed excess diesel pollution to be emitted by 250,000 of its vehicles in the United States.
A U.S. judge on Tuesday approved Daimler AG's $1.5 billion settlement to resolve a U.S. government probe into diesel pollution from 250,000 vehicles.
German carmakers BMW and Daimler said on Tuesday they want to sell their jointly owned parking-app business PARK NOW to Swedish rival EasyPark.
Daimler Trucks' shift to zero-emission vehicles will lead to thousands of job losses at the company's German powertrain plants by 2033, its chairman said on Thursday, adding cuts would be gradual and achieved via retirements and voluntary packages.
* Shares climb on Daimler outlook (Adds CEO comments on chip shortage)
German carmaker Daimler AG said on Thursday that bottlenecks causing a shortage of semiconductor chips will hurt its sales mostly in the first quarter, but it will make up for lost production by the end of 2021.
Daimler AG's U.S. unit Mercedes-Benz USA said Saturday it is recalling 1.29 million vehicles sold since 2016 because software may fail to communicate correct vehicle location in the event of a crash.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.