Asian equities put up an upbeat performance on the final trading day of the week, following an inspiring U.S. lead overnight as investors cheered the Federal Reserve's pledge to be patient in increasing interest rates.» Read More
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...
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...
*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.
Companies making headlines after the bell Tuesday:
The German automaker said the two companies would still cooperate on projects.
European shares trimmed their losses and closed higher as a number of U.S. banks reported positive earnings.
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,...
A new study raises questions about the dangers facing drivers using hands-free, voice-activated systems.
The automaker will offer 7,500 AAdvantage miles to American Airlines frequent fliers who test drive a Cadillac.
Experts are concerned that autonomous vehicles could be susceptible to sinister cybercriminal activity.
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...
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. The American union's efforts at the plant will be similar to a strategy it employed for the Volkswagen AG plant in Chattanooga, Tennessee,...
A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday.
DETROIT, Oct 2- The United Auto Workers and two German labor groups will announce on Friday plans to work together to organize Daimler AG's Mercedes-Benz plant workers in Alabama, sources close to one of the German labor groups said on Thursday. The goal is for the UAW to eventually represent Daimler workers in Alabama in negotiations with the luxury automaker.
CEO Mary Barra outlined the company's long-term business plan during a presentation at company headquarters in Detroit on Wednesday.