Tag Archives: Ola Källenius

New Mercedes-Benz Strategy Aimed to Help Higher Profits

This follows the Q2 Daimler disaster. The COVID pandemic or the Grim Reaper saw a decline in demand for cars, vans, trucks and buses. Group total sales decreased by -34% to 541,800 cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT was -€708 million (Q2 2019: plus €2,447 million). Continue reading

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Mercedes-AMG Petronas Win F1 Constructors’ Championship

“When we re-joined Formula One with a works Mercedes team in 2010, it was part of a long-term strategic plan,” said Ola Källenius, member of the Board of Management of Daimler AG, responsible for Group Research & Mercedes-Benz Cars Development. Continue reading

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Surprise! Bodo Uebber To Leave Daimler Board as Purge Continues

Like all automakers, Daimler is facing the unknown future of mobility, autonomous vehicles and the internet of things. Its problems are complicated by currency valuations and a vulnerable international supply and manufacturing footprint fraught with political issues starting in Germany, and competitors, of course. Continue reading

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