GO
Loading...

Daimler AG

More

  • Cadillac boss envisions $250,000 flagship car - in 2029 Wednesday, 19 Nov 2014 | 6:25 PM ET

    LOS ANGELES, Nov 19- Cadillac's new boss believes General Motors' premium brand could eventually sell ultra-luxury cars that retail for a quarter-million dollars by 2029.. "It is too early today for a $250,000 Cadillac," said Johann de Nysschen, in an interview on Wednesday at the annual auto show here. Cadillac's current flagship car, the XTS sedan, tops out at...

  • GUANGZHOU, China, Nov 18- Daimler AG will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week's Guangzhou autoshow, even as analysts warn the end is nigh for China's 10- year high-end car sales boom. Instead, to cut costs and cushion potential discounts as luxury demand cools, they're starting or expanding production in China.

  • UPDATE 2-Plug Power cuts FY forecast, shares plummet Wednesday, 12 Nov 2014 | 12:34 PM ET

    Nov 12- Fuel cell maker Plug Power Inc cut its full-year revenue forecast, citing program delays and weaker-than-expected sales for its ReliOn business, sending its shares down as much as 17 percent. Plug Power cut its 2014 revenue forecast to a range of $70 million to $75 million from its earlier view of $75 million. Plug Power's total cost of revenue more than...

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Nov 12- Fuel cell maker Plug Power Inc posted a bigger-than-expected quarterly loss as it continues to struggle to cut costs, sending its shares down as much as 18 percent in premarket trading. Plug Power has been increasing investments and expanding its clientele in European auto-manufacturing markets to take advantage of the growing interest in clean...

  • Drivers in long-term relationships with their cars Wednesday, 5 Nov 2014 | 3:41 PM ET
    2014 Dodge Durango

    Experian Automotive found the average length of initial ownership was seven years and nine months.

  • The German auto maker's move demonstrates a desire to "embed us more deeply in China, to make cars best suited to China," Hubertus Troska, Daimler's China head, told Reuters. Its focus on Chinese tastes should help Mercedes-Benz catch up in the local luxury car segment with Volkswagen AG's Audi and BMW, he said. Researcher LMC Automotive projects Mercedes-Benz to...

  • The German auto maker's move demonstrates a desire to "embed us more deeply in China, to make cars best suited to China," Hubertus Troska, Daimler's China head, told Reuters. Its focus on Chinese tastes should help Mercedes-Benz catch up in the local luxury car segment with Volkswagen AG's Audi and BMW, he said. Researcher LMC Automotive projects Mercedes-Benz to...

  • DETROIT, Oct 27- Toyota Motor Corp's namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports' annual quality survey of the U.S. new-vehicle market, the influential magazine said on Monday. The four lowest-scoring brands were all from Fiat Chrysler Automobiles' Chrysler Group, as were five of the bottom seven.

  • Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two decades, leaving dealers and customers wondering if Ford management had left the brand for dead. Now, with the renewed backing of Executive Chairman Bill Ford and the company's board, Fields has committed the automaker to a multiyear, multibillion-dollar...

  • TOKYO, Oct 24- Toyota Motor Corp said on Friday it had sold some of its shares in Tesla Motors Inc but that it would continue to study possible cooperation with the U.S. electric car maker in the future. Toyota, the world's biggest automaker, invested $50 million in the Palo Alto-based startup in May 2010 ahead of Tesla's initial public offering in June that year.

  • UPDATE 1-Toyota sells some Tesla Motors shares - Nikkei Thursday, 23 Oct 2014 | 2:34 PM ET

    Oct 23- Toyota Motor Corp has sold some of its shares in U.S. electric vehicle maker Tesla Motors Inc, the Nikkei financial daily reported. Toyota invested $50 million in Tesla in May 2010, ahead of the U.S. company's initial public offering in June that year. Daimler AG, the parent of Mercedes-Benz, said earlier this week it sold its remaining 4 percent stake in Tesla...

  • Europe closes higher; earnings in focus Thursday, 23 Oct 2014 | 11:34 AM ET

    European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.

  • *Mercedes-Benz return on sales strongest for 3 yrs. FRANKFURT, Oct 23- Daimler AG lifted sales and profits at its core Mercedes-Benz luxury car division in the third quarter, showing how the group is narrowing the gap with rivals Audi and BMW. Daimler said on Thursday it still expected a significant rise in group core profit for 2014 and that sales of Mercedes-Benz...

  • UPDATE 2-Mercedes-Benz cars help to lift Daimler profit Thursday, 23 Oct 2014 | 3:06 AM ET

    *1.01 bln euro gain from Rolls-Royce Power Systems sale. The company is the first of the German premium auto makers, to release third-quarter results, which included the group's best-ever month for sales of Mercedes-Benz cars in September, benefiting from new models and growing demand in China. Earnings before interest and tax were 3.73 billion euros,...

  • FRANKFURT, Oct 22- Daimler AG will book a $780 million windfall from the sale of its four percent stake in U.S. electric car maker Tesla Motors, a move late on Tuesday that surprised investors and fuelled speculation of a growing rivalry. The maker of Mercedes-Benz cars invested in Tesla in 2009 as a way of securing cutting edge battery technology.

  • FRANKFURT, Oct 21- Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. The stake sale comes as a surprise, even though the Stuttgart- based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.

  • After-hours buzz: Broadcom, iRobot, Yahoo & more Tuesday, 21 Oct 2014 | 5:00 PM ET

    Companies making headlines after the bell Tuesday:

  • Daimler sells its 4% stake in Tesla, shares dip Tuesday, 21 Oct 2014 | 4:38 PM ET

    The German automaker said the two companies would still cooperate on projects.

  • Europe shares close higher on Wall Street earnings Tuesday, 14 Oct 2014 | 11:41 AM ET

    European shares trimmed their losses and closed higher as a number of U.S. banks reported positive earnings.