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Daimler News

Last Updated: Oct 16, 2008

Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada - Oct 14, 2008
Daimler
German heavy truck maker Daimler said Tuesday it will eliminate 3,500 North American jobs owing to the worsening economic slowdown, a day after Japan's Nissan announced nearly 1,700 jobs were being axed.... Read More..
Daimler wants to sell remaining Chrysler stake to Cerberus - Sep 24, 2008
Daimler
German automaker Daimler said Wednesday it wanted to sell its remaining 19.9 percent interest in its former US subsidiary Chrysler to private equity firm Cerberus, which last year acquired a majority stake in Chrysler from Daimler.... Read More..
Daimler picks Hungary for its next compact car plant - Jun 18, 2008
Daimler
Daimler ended several months of suspense Wednesday with a decision to build a new auto factory for small Mercedes models in Hungary.... Read More..

Daimler posts 3Q loss of $2.18 billion - Oct 26, 2007
Daimler
Automaker Daimler AG posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler offsetting big gains by its Mercedes-Benz Car Group.... Read More..

World Premiere for the Heavy-Duty Engine Platform from Daimler Trucks - Oct 23, 2007
Daimler
Andreas Renschler, today presented the new Heavy-Duty Engine Platform (HDEP) for the North American market in Detroit, Michigan, U.S.A.... Read More..

Daimler AG lays the foundation for a van plant in China - Oct 23, 2007
Daimler
As a ceremonial occasion, the start of construction work for the future production location of Fuzhouin the province of Fujianwas celebrated in appropriate style.... Read More..

Daimler plans commercial vehicle ventures in India, Russia - Oct 15, 2007
Daimler
The German automaker Daimler plans to expand its commercial vehicles division to India and Russia, the Financial Times Deutschland reported.... Read More..

DaimlerChrysler CEO defends name change - Oct 4, 2007
Daimler
Chief Executive Dieter Zetsche reassured shareholders Thursday that the automaker was not forgetting its history with a proposed name change to Daimler AG.... Read More..

Leaner German automaker Daimler seeks fresh start - Oct 3, 2007
Daimler
German automaker DaimlerChrysler is to be renamed simply Daimler AG on Thursday, reflecting the company's divestment of its troubled US unit Chrysler.... Read More..

DaimlerChrysler 'puts central Berlin property up for sale - Oct 2, 2007
Daimler
German carmaker DaimlerChrysler wants to sell property on the Potsdamer Platz in central Berlin worth around 1.5 billion euros (2.1 billion dollars).... Read More..

Daimler, Chrysler post weaker results - Aug 30, 2007
Daimler
DaimlerChrysler AG posted weaker results in the second quarter but executives they're optimistic about the rest of this year despite a sales slump in the U.S. market.... Read More..

DaimlerChrysler recalls Smart cars over faulty steering - Jun 22, 2007
Smart
The German-US auto giant DaimlerChrysler has recalled 1,650 of its ultra-compact Smart cars because of a steering defect.... Read More..

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