Tag Archives: Daimler group

More Management Changes at Profit Challenged Daimler

The reorganization at Daimler continued today at Daimler in Investor Relations and Greater China. Olaf Schick is to take over Finance & Controlling at Daimler Greater China replacing Steffen Hoffman. Hoffmann will take over as Head of Investor Relations on 1 April 2020  with the current head, Björn Scheib, leaving the company by “mutual agreement,” after 11 years in the position. Continue reading

Posted in economy, environment, news analysis, people | Tagged , , , , | 1 Comment

Mercedes-Benz Construction for U.S. Battery Factory Underway

The new production site for batteries – along with the new Consolidation Center – is located seven miles from the Mercedes-Benz Cars vehicle production site in Tuscaloosa. The Consolidation Center, also part of a 2017 investment announcement, will consist of three major areas, including the body parts preparation area, the assembly parts preparation area and the empties storage. It is expected to be operational next year in 2019. Continue reading

Posted in alternative fuels, economy, electric vehicles, fuel economy or emissions, manufacturing, milestones | Tagged , , , , , , , , , , | Leave a comment

Daimler Group Q1 Earnings Drop Based on EU Crisis

Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading

Posted in auto news, financial results | Tagged , , , , , | Leave a comment