Daimler AG


  • Daimler takes 25 pct stake in Italy's MV Augusta Friday, 31 Oct 2014 | 8:50 AM ET

    BERLIN— Daimler says it is taking a 25- percent stake in Italian motorcycle maker MV Augusta for an undisclosed amount. Daimler AG said Friday that its Mercedes-AMG subsidiary will acquire the stake as part of a long-term cooperation agreement that also will see the companies work together on marketing and sales. Mercedes-AMG chief executive Tobias Moers...

  • 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...

  • 4 more workers allege racial bias at Daimler plant Thursday, 23 Oct 2014 | 2:18 PM ET

    PORTLAND, Ore.— Oregon expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment. At least one complaint says the person was forced to leave his position because of working conditions at the Portland facility.

  • *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,...

  • Daimler net profit up 49 percent in 3rd quarter Thursday, 23 Oct 2014 | 2:34 AM ET

    Daimler AG on Thursday reported a net profit of 2.82 billion euros for the July-September period, a 49- percent rise from last year's 1.9 billion euros. Revenue rose to 33.12 billion euros from 30.1 billion euros. Daimler said it gained 1 billion euros in the quarter from the sale of its stake in Rolls-Royce Power Systems Holding.

  • 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.

  • Daimler sells stake in Tesla for $780 million Tuesday, 21 Oct 2014 | 5:33 PM ET

    Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million. The Germany- based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla shares fell $2.64, or 1.1 percent, to $232.70 in after-hours trading.

  • 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.

  • Early movers: JCP, TMUS, SHLD, CSX, GE, DRI & more Monday, 13 Oct 2014 | 7:45 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • BANGALORE, Oct 10- Infosys Ltd wants to revive growth through automation and artificial intelligence, its chief executive said on Friday, boosting investors' confidence in India's second largest IT exporter after it posted a forecast-beating quarterly profit. Chief Executive Vishal Sikka was brought in earlier this year to chart a new strategy for Infosys,...

  • Hands-free connectivity still dangerous: AAA study Tuesday, 7 Oct 2014 | 12:01 AM ET
    Chevy MyLink system

    A new study raises questions about the dangers facing drivers using hands-free, voice-activated systems.

  • Cadillac hopes frequent fliers mean more buyers Monday, 6 Oct 2014 | 12:47 PM ET

    The automaker will offer 7,500 AAdvantage miles to American Airlines frequent fliers who test drive a Cadillac.

  • Self-driving cars—the next terrorism threat? Monday, 6 Oct 2014 | 3:44 AM ET
    The Nissan Autonomous Drive Leaf electric vehicle, left, is test driven during the Nissan Motor Co. 360 event in Irvine, California.

    Experts are concerned that autonomous vehicles could be susceptible to sinister cybercriminal activity.

  • Western boardrooms make way for more Asian execs Sunday, 5 Oct 2014 | 7:28 PM ET

    Western companies have traditionally stuck to their backyards when it comes to recruiting board members, but this is changing.

  • Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. "What happens here is important to the future of the labor movement," said UAW president Dennis Williams, who swore in the initial members of...