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Daimler AG

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  • 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...

  • SEOUL, March 9- Flashy Maseratis and Bentleys are fast becoming the cars of choice for young, monied South Koreans, eclipsing German luxury brands now so commonplace that some in Seoul's upscale Gangnam district jokingly refer to a BMW 5- series as a Hyundai Sonata. Last year, the Seoul dealership of Volkswagen unit Bentley Motors was the top global seller of...

  • CHARLESTON, S.C., March 3- Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday. South Carolina State Representative Chip Limehouse, a Republican from Charleston, said officials in North Charleston, South Carolina, told him the German automaker...

  • Daimler's best markets are UK, Germany   Tuesday, 3 Mar 2015 | 7:15 AM ET
    Daimler's best markets are UK, Germany

    Dieter Zetsche, chair of Daimler, talks about the firm's new vehicles and how Daimler's sales are improving in certain markets.

  • Daimler: We welcome an Apple Car   Tuesday, 3 Mar 2015 | 7:15 AM ET
    Daimler: We welcome an Apple Car

    Dieter Zetsche, chair of Daimler, says that he is unsure why Apple would want to enter the car industry, but that he would welcome them as either a partner or competition. Zetsche adds that Daimler would "exploit" any new technology opportunity.

  • DETROIT, Feb 24- Toyota Motor Corp's Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday. Toyota came in third, followed by Volkswagen AG's Audi from Germany and Fuji Heavy Industries Ltd's Subaru from Japan. Ranking eighth through 10th were namesake brands from...

  • Mercedes recalls 147K cars for engine fire risk Monday, 23 Feb 2015 | 6:34 AM ET
    A Mercedes symbol is pictured in front of the Mercedes-Benz Shanghai office.

    Daimler's Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires.

  • DETROIT, Feb 22- Daimler AG's Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday. The cars have a rubber seal in the engine compartment that can fall onto the exhaust system, increasing the risk of an under-hood fire, according to the National...

  • The real battle Apple is waging in autos Tuesday, 17 Feb 2015 | 1:32 PM ET
    A visitor presses the new Apple's CarPlay touch-screen commands inside the Volvo Estate concept car.

    Many are overlooking the big battle that's already taking shape in the auto industry: Who will win drivers' time behind the wheel?