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Daimler AG

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  • Mercedes-Benz fires 500 workers at Brazil truck plant Tuesday, 19 May 2015 | 7:09 PM ET

    SAO PAULO, May 19- The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. Truck sales in Brazil tumbled about 40 percent in the first four months of this year compared with the same period of...

  • DETROIT, May 19- Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker's chief executive told Automotive News. CEO Andy Palmer told the industry publication on Tuesday that the U.S. state of Alabama is the "obvious choice" for a new plant to build the...

  • *No need to change capital alliance with Renault- Nissan's Ghosn. YOKOHAMA, Japan, May 18- Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday there was no need to change the automaker's capital alliance with Renault, after France raised its stake and voting rights in Renault last month. The French government, which owns almost 20 percent of Renault, has said it wants...

  • LAS VEGAS, May 5- Nevada has given Daimler AG, the world's biggest truck maker, the go-ahead to test its self-driving heavy freight truck for the first time on the open road in ordinary traffic, the two sides announced on Tuesday. "Today is history," Nevada Governor Brian Sandoval, a Republican, said before posing with Daimler board member Wolfgang Bernhard with a red...

  • UPDATE 2-Strong dollar mutes Harman's forecast Thursday, 30 Apr 2015 | 12:47 PM ET

    *3rd- qtr adj EPS $1.22 vs est $1.27. April 30- Harman International Industries Inc, the maker of JBL and Harman Kardon audio systems, cut its profit forecast and said a strong dollar was blunting its edge against overseas rivals in its professional audio equipment business. The professional unit, which makes loudspeakers, headphones and mixing consoles,...

  • UPDATE 1-China fines Mercedes $56.5 mln for price fixing Wednesday, 22 Apr 2015 | 11:06 PM ET

    SHANGHAI, April 23- A local pricing regulator in China said on Thursday it has fined Daimler AG's Mercedes-Benz 350 million yuan for price fixing. China has been clamping down on the auto sector, punishing foreign carmakers for price fixing for the first time last year when it fined the Chinese venture of Volkswagen AG and a sales unit of Fiat Chrysler...

  • Growing demand for SUVs lifts production in China Monday, 20 Apr 2015 | 3:21 PM ET
    Visitors walk around a Mercedes Benz concept GLC Coupe car during the 16th Shanghai International Automobile Industry Exhibition in Shanghai, April 20, 2015.

    SUVs are becoming more popular in inner China, causing automakers to boost production on the vehicles.

  • Mercedes has a 'balanced approach' in China   Monday, 20 Apr 2015 | 12:53 AM ET
    Mercedes has a 'balanced approach' in China

    Dieter Zetsche, chairman of the Board of Management of Daimler and CEO of Mercedes, outlines the company's approach in China.

  • Prone to motion sickness? Avoid these cars Thursday, 9 Apr 2015 | 2:46 PM ET
    Woman in car with hand over mouth

    Automakers say autonomous cars will keep drivers safer than ever. But it could also make them sicker. Carsick, that is.

  • 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, 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...

  • 7 cars on the road today closest to being robots Saturday, 28 Mar 2015 | 4:00 PM ET
    "The Jetsons" bop around Orbit City, circa 1962.

    Tesla's Elon Musk scared everyone when he said auto-steering is coming this summer, but more cars than you think already drive like robots.

  • 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,...

  • The most—and least—expensive cars to insure Sunday, 22 Mar 2015 | 3:00 PM ET
    2015 Nissan GT-R Nismo

    A handful of SUVs, two minivans and the compact Smart ForTwo made the list as the top 10 most affordable cars to insure.