Tag Archives: daimler

COVID-19- Daimler Stops Most Production in Europe

Given the ongoing spread of COVID-19, the economic effects on Daimler cannot be adequately determined or reliably quantified at this time. Continue reading

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Daimler Facing Profit and Sales Declines Reorganizes

“This will have a negative impact on our earnings in 2020 and 2021. To remain successful in the future, we must therefore act now and significantly increase our financial strength.” Continue reading

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Update – BMW, Bosch, Daimler Autonomous Driving Forays

Daimler’s has programmed its systems largely in-house right from the very beginning. During 2019 that will end with the launch in San José, Silicon Valley, of its first pilot program with German uber-supplier Bosch, on self-driving vehicles – read Daimler and Bosch Target San José for Automated Ride-Hailing, which will explore Levels 4/5 in urban environments. Continue reading

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Daimler, Deutsche Telekom End German Government Clash

Whether this bodes ill for Daimler’s other car-to-car or car-to-infrastructure/web communications programs remains to be see. It also points to an unknown legal environment facing autonomous car makers with products already on the market – automatic driver-assist systems such as automatic braking, automatic parking, or vehicle-following speed control. Continue reading

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Merry Christmas – Daimler Boasts of Trump Tax Gifts for Rich

Hoping to boost the stock price no doubt, Daimler on Christmas Eve is saying there will be a significant increase of Group Net Income as a result of Trump’s welfare for the wealthy plan. The law rushed through without public … Continue reading

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Daimler Launches First All-Electric Truck – FUSO eCanter

FUSO eCanter has a limited range of 100 kilometers and a load capacity up to three and a half tons – depending on body and usage. The vehicle´s electric powertrain contains six high-voltage lithium ion battery packs with 420 V and 13.8 kWh each. Continue reading

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Mercedes ‘EQ Ready’ App Picks EV or Hybrid for You

A new Mercedes “EQ Ready app” allegedly helps motorists decide whether it makes sense for them personally to switch to an electric car or hybrid. The smartphone app can record real journeys made by the user, analyze his or her everyday driving and compare it with numerous parameters of electric and hybrid vehicles. Continue reading

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Mercedes-Benz to Build at Bremen Its First Electric Car – EQ

The production model will be based on the EQ show car – an electric SUV Coupe debuted at Mondial de l’Automobile 2016 in Paris last September. Continue reading

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Giant Sucking Sound – Nissan and Daimler to Build Luxury Cars in Mexico under new Joint Venture

The new plant will be built close to an already existing Nissan plant, and will have an annual capacity of 300,000 vehicles when completely operational. Many of the common platform luxury models – 2017 Infiniti, 2018 Mercedes-Benz – will of course be headed in the U.S. under the job destroying NAFTA deal. Continue reading

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Daimler Posts Q3 Profit of €1.2 Million, a €155 Million Drop

The Eurozone crisis expanded into Germany in Q3 as Daimler AG (DAI) posted Group earnings of €1,921 million, off from Q3 in 2011at €1,968 million. Net profits for the period were €1,205 million (Q3 2011: €1,360 million), leading to declining earnings per share of €1.03 (Q3 2011: €1.21). Daimler sold 528,600 cars and commercial vehicles worldwide in Q3, surpassing the prior-year total by 1%. Revenue of €28.6 billion was 8% above the prior-year level. Adjusted for changes in currency exchange rates, the increase amounted to only 3%. As a result, of the weakened results and prospects for the future, Daimler said that it will not match 2011’s earnings. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars tried to be optimistic in a statement: “Considering the significantly more difficult market conditions, Daimler achieved good earnings in the third quarter.” The earnings release was sent out ahead of schedule because of the accidental issuing of an e-mail. Continue reading

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Germany to Add 35 New Hydrogen Fueling Stations

Automakers are currently lobbying in the U.S. for tax breaks and other taxpayer incentives for fuel cell cars to bring down their astronomical – as in $pace technology – costs. Hyundai thinks it can develop a fuel cell business if it can get the costs down to ~$50,000 a vehicle. Continue reading

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Smart Escooter Coming in 2014

Daimler has confirmed that the Smart E-Scooter will go on sale in 2014 at an unspecified price. First introduced as a concept from its Chinese studios at the Paris Motor Show in 2010, the fully electric Escooter is part of a range of electric vehicles including the Smart Fourtwo and Smart Ebike that are targeted for the European Union, which wants to ban all internal combustion engines from inner cities. Continue reading

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Nissan and Daimler to Build Engines in Tennessee

For years Mercedes-Benz sold gas guzzlers in the U.S., paying millions in fines – passed on to customers – for its flouting of CAFE regulations. Much higher fines under the latest CAFE standards and growing pro-environmental standards globally makes this a risky strategy going forward. Continue reading

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Daimler Employee Arrested, Detained Under Controversial Alabama Immigration Law

The controversial Alabama immigration law requires the proper papers be carried by foreigners, including employees of firms investing in the state. Daimler, of course, is one of the largest employers in Alabama, with billions invested thus far and recently announced millions more will be added to increase production. Continue reading

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Passenger Car Sales Down in EU Again as Economy Struggles

However some winners are emerging. Volkswagen Group remains the powerhouse in Europe with 23% share year-to-date of the EU and European Free Trade Areas. BMW group also posted strong double digit gains, as did Nissan, although both are on relatively small basis. The same could be said for Hyundai and Kia, which now have combines sales of more than 345,000 units year-to-date, compared to Volvo’s 138,000. Continue reading

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