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Daimler AG

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  • Ex-Daimler engineer files $2 million discrimination suit Thursday, 16 Apr 2015 | 10:37 AM ET

    PORTLAND, Ore.— A Clark County, Washington, man who worked for Daimler Trucks North America in Portland, Oregon, is suing the company for $2 million, claiming his supervisor repeatedly called him "bin Laden" and suggested he was a member of al-Qaida. The Oregonian newspaper reports that the lawsuit by Hussein Fouad, a 75- year-old, Egyptian-born engineer, is the latest...

  • German automaker BMW has best March sales ever Tuesday, 14 Apr 2015 | 5:15 AM ET

    FRANKFURT, Germany— German automaker BMW says it had its best March sales ever. After the March figures, BMW AG held its sales lead during the first quarter over its rival German luxury carmakers, Volkswagen AG's Audi brand and Mercedes-Benz from Daimler AG. BMW sold 451,576 vehicles to 438,250 for Audi and 429,602 for Mercedes-Benz.

  • TOKYO, April 9- Tokyoites will get a chance to zip around town on Toyota Motor Corp's three-wheeled electric car-cum-motorbike from Friday, in a trial aimed at crafting a global business model to reduce gridlock and pollution. The world's top-selling automaker will partner Japanese car-sharing service operator Park24 Co Ltd for a six-month experiment...

  • Mercedes has best sales month in its history Wednesday, 8 Apr 2015 | 5:30 AM ET

    FRANKFURT, Germany— Luxury car maker Mercedes-Benz saw its highest monthly sales ever in March. The brand owned by Daimler AG got a boost from a recovering auto market in Europe and a big increase in China. Europe sales rose 16.3 percent while China alone was up 20.8 percent.

  • *Mercedes, Nissan, Renault collaboration expanded. The new Mercedes-Benz pickup targets commercial and private clients in Europe, Latin America, Australia and South Africa, and will share some of the underpinnings with an all-new Nissan NP300 truck, Daimler and Nissan said in a joint statement. The Mercedes-Benz 1- ton pickup truck will be built by Nissan in...

  • NEW YORK, April 2- Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world's largest auto market, senior executives said. As a result, Daimler AG, which owns premium auto brand Mercedes-Benz, said it intensified efforts to clamp down on exports of U.S. models...

  • NEW YORK, April 1- The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey& Co said in a report issued on Wednesday. In North America, automakers and suppliers have restructured, reduced production capacity, and cut and consolidated dealer...

  • DETROIT, March 31- Honda Motor Co has joined Daimler AG's Mercedes-Benz in testing self-driving vehicles and technologies on private roads at a former U.S. naval facility outside San Francisco, the Japanese automaker said Tuesday. Honda also is a partner in the University of Michigan's Mobility Transformation Center, which plans to open a similar testing...

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as disappearing demand forces carmakers in the country to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate...

  • NEW YORK, March 30- Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Ford's Lincoln will unveil a prototype of the future Continental sedan on Monday ahead of the April 3-12 New York auto show, which will feature many of the...

  • DETROIT, March 23- General Motors Co and Ford Motor Co have much higher labor costs than their cross-town rival Fiat Chrysler, according to a new study released just ahead of a meeting of United Auto Workers officials as they prepare for contract talks with the Detroit Three. Ford Motor Co's hourly labor costs were $57, just behind GM's at $58.

  • General Motors Co auto workers make on average 21 percent more than their counterparts at Fiat Chrysler Automobiles, a study of 2014 labor costs by the Center for Automotive Research shows. Ford Motor Co is right behind GM at $57 per hour, CAR said. Germany's Daimler AG workers at its plant in Alabama make the most per hour among U.S. auto workers, at an average of $65,...

  • NEW YORK, March 22- As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. Demand for a way to hedge currency exposure while investing in Europe helped the WisdomTree Europe Hedged Equity Fund bring in $5.3 billion in new assets over the first two months of the year, the most of any equity...

  • March 19- Tesla Motors Inc will soon offer upgrades including hands-free steering on its Model S sedan, Chief Executive Officer Elon Musk said on Thursday, but the news did not help the electric carmaker's volatile shares which fell more than 2 percent. General Motors Co has said it plans to offer a similar set of hands-free driving features next year on its new...

  • March 19- Tesla Motors Inc plans to offer hands-free steering on its Model S sedan in about three months, Chief Executive Officer Elon Musk said Thursday. The automatic steering feature, which will be available only when driving on the highway, will be part of a continuing series of free software upgrades delivered wirelessly to Model S owners, Musk said.

  • March 17- Fuel cell maker Plug Power Inc reported a bigger-than-expected quarterly loss as costs and expenses more than doubled, sending its shares down nearly 11 percent in premarket trading. Plug Power, whose fuel cells offer a pollution-free alternative to power forklifts, said revenue more than doubled to $21.5 million for the fourth quarter.

  • SHANGHAI, March 15- Car makers, including Volkswagen AG, Nissan Motor Co and Daimler AG's Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers. China is the world's top auto market, and media criticism can dent reputations and drag on sales. iPhone maker Apple Inc made a...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 4 PM ET Sunday, 15 Mar 2015 | 4:23 PM ET

    March 15- Editor: Christian Plumb+ 1 646 223 6200. BUENOS AIRES- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. LOS ANGELES- "Cinderella" enchants audiences this weekend, racking up a royal $70.1 million to lead the domestic...

  • China consumer show targets Volkswagen, Nissan Sunday, 15 Mar 2015 | 12:38 PM ET

    SHANGHAI, March 15- Carmakers including Volkswagen AG, Nissan Motor Co Ltd and Daimler AG were scrambling late on Sunday after China's annual consumer rights day TV show said the firms oversold repairs and spare parts to drivers. China is the world's top auto market, and media criticism can dent reputations and drag on sales. iPhone maker Apple Inc made a rare...

  • NEW DELHI/ MUMBAI, March 11- Mercedes-Benz plans to sell more compact cars to tap the fastest growing part of India's premium car market, a move analysts say could help the German automaker overtake rival Audi as the country's top luxury car seller. Part of Daimler AG, Mercedes is closing the gap with Volkswagen-owned Audi. Last year it sold 10,201 cars in India, just...