Archive for the ‘Daimler’ Category

Daimler and Foton Motor Sign Joint Venture Contract

Daimler and Foton Motor have made significant progress regarding their negotiations to establish a 50:50 joint venture. Today, the joint venture contract was signed in the presence of German Chancellor Angela Merkel and the Premier of the People’s Republic of China Wen Jiabao. The approval for the...

July 16th, 2010 | Daimler | Read More

Daimler Trucks Invests in Russia and Opens New Truck Center in Moscow

Daimler sales organization Mercedes-Benz Russia SAO opened a new sales and service center in Moscow. A total of €35 million was invested in the new center, which was constructed in just 13 months. Conveniently located on the Moscow Ring highway, the center will offer new and used Mercedes-Benz and...

July 15th, 2010 | Daimler | Read More

Daimler receives further orders for natural gas and hybrid commercial vehicles in the U.S

Daimler Trucks North America (DTNA) and Daimler Buses have once again received orders for low-emission vehicles. Thomas Built Buses, Daimler Trucks North America’s school bus manufacturer, has received an order for 130 compressed natural gas (CNG) school buses. That’s the biggest contract for natural...

July 9th, 2010 | Daimler | Read More

Canadian Navy takes delivery of three TopClass S 417 mobile recruiting coaches

Daimler Buses North America has delivered three Setra TopClass S 417 touring coaches to the Canadian Navy in Ottawa. These S 417 are versions specially designed for the Canadian Navy and are to be used in the Ontario, Quebec and Prairie regions. On the outside of the coaches vivid graphics depicting...

June 30th, 2010 | Daimler | Read More

Daimler plans to discontinue stock-exchange listing in New York

The Supervisory Board and Board of Management of Daimler AG (stock - exchange symbol “ DAI ” ) have decided to apply for the discontinuation of the listing of its shares on the New York Stock Exchange (NYSE). Bodo Uebber, CFO of Daimler AG, said: “Daimler continues to place great importance on...

May 15th, 2010 | Daimler | Read More

Renault-Nissan Alliance and Daimler AG announce wide-ranging strategic cooperation

The Renault-Nissan Alliance and Daimler AG today announced a broad strategic cooperation that will enable both groups to already realize benefits quickly from a range of concrete projects as well as sharing of best practices. The two groups also announced an equity exchange that will give the Renault-Nissan...

April 7th, 2010 | Daimler, Nissan, Renault | Read More

Renault-Nissan set for new tie-up with Daimler

French carmaker Renault was expected to approve on Tuesday a new partnership with Germany's Daimler to exchange capital and to share know-how in building smaller cars. France's number two carmaker convened a meeting of its board of directors in Paris to "decide on a new partnership with Daimler," French...

April 6th, 2010 | Daimler, Nissan, Renault | Read More

Daimler pleads guilty to US global bribery charges

German automaker Daimler pleaded guilty to US charges of bribery and agreed to pay 185 million dollars to settle the affair, the US government said Thursday. The Justice Department said Daimler and three of its subsidiaries had resolved charges related to a Foreign Corrupt Practices Act (FCPA) investigation...

April 2nd, 2010 | Daimler | Read More

Daimler, BYD to build electric car

The German automaker Daimler said late Monday it had agreed to develop an electric car for the Chinese market with the Chinese group Build Your Dreams (BYD). "Under the agreement, Daimler and BYD intend to develop a new electric vehicle specific to the requirements of the Chinese market," a joint statement...

March 2nd, 2010 | BYD, Daimler, Green | Read More

Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada

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. Following announcements by Nissan, Renault, and Volvo in Europe, and restructuring by General...

October 14th, 2008 | Daimler | Read More