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Daimler, BYD to build electric car

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

Daimler wants to sell remaining Chrysler stake to Cerberus

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. "Daimler confirms that it is in talks with Cerberus Capital Management...
September 24th, 2008 | Daimler | Read More

Daimler picks Hungary for its next compact car plant

German auto giant Daimler ended several months of suspense Wednesday with a decision to build a new auto factory for small Mercedes models in Hungary. Daimler said it would invest about 800 million euros (1.2 billion dollars) in a plant in Kecskemet, 80 kilometres (50 miles) southeast of Budapest, dashing...
June 18th, 2008 | Daimler | Read More

Daimler posts 3Q loss of $2.18 billion

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. But the 1.53-billion euro ($2.18 billion) quarterly loss was anticipated by analysts, who were cheered by an otherwise...
October 26th, 2007 | Daimler | Read More

World Premiere for the Heavy-Duty Engine Platform from Daimler Trucks

Andreas Renschler, member of the Daimler Board of Management and Head of the Daimler Trucks Division, and his colleagues, Dr. Michael Dostal, who is responsible for Powertrain Operations & Manufacturing Engineering, and Chris Patterson, who is responsible for the NAFTA Region and the...
October 23rd, 2007 | Daimler | Read More

Daimler AG lays the foundation for a van plant in China

As a ceremonial occasion, the start of construction work for the future production location of Fuzhouin the provinceof Fujianwas celebrated in appropriate style. Fujian Daimler Automotive Ltd (FJDA), a company jointly owned by Fujian Motor Industry Group (FJMG), China Motors Corp (CMC) and...
October 23rd, 2007 | Daimler | Read More

Daimler plans commercial vehicle ventures in India, Russia

The German automaker Daimler plans to expand its commercial vehicles division to India and Russia, the Financial Times Deutschland reported Monday, citing management board member Andreas Renschler. Daimler had picked a partner for its market entry in India after months of talks, the newspaper...
October 15th, 2007 | Daimler | Read More

DaimlerChrysler CEO defends name change

DaimlerChrysler AG Chief Executive Dieter Zetsche reassured shareholders Thursday that the automaker was not forgetting its history with a proposed name change to Daimler AG — instead of Daimler-Benz, the company's name for much of the 20th Century. The Benz name would remain in...
October 4th, 2007 | Daimler | Read More

Leaner German automaker Daimler seeks fresh start

German automaker DaimlerChrysler is to be renamed simply Daimler AG on Thursday, reflecting the company's divestment of its troubled US unit Chrysler. Shareholders meeting in Berlin are expected to approve the new name despite some scepticism and the fact that Daimler will still own...
October 3rd, 2007 | Daimler | Read More
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