By Reuters Staff 2 Min Read FILE PHOTO: The Daimler logo is seen before the carmaker’s annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo BERLIN (Reuters) – German carmaker Daimler aims to keep a “protective hand” on Daimler Trucks, the world’s largest truck and bus maker, following a planned spin-off, Chief… Continue reading Daimler to keep “protective hand” on truck unit after spin-off
Category: Uncategorized
Ford says U.S. Justice Department, California end probe into emissions issue
By Reuters Staff 1 Min Read FILE PHOTO: Ford logo is pictured at Ford Motor Co plant, after the company announced it will close its three plants in the country, in Taubate, Brazil, January 12, 2021. REUTERS/Carla Carniel NO RESALES. NO ARCHIVES WASHINGTON (Reuters) – Ford Motor Co said Friday the Justice Department and California… Continue reading Ford says U.S. Justice Department, California end probe into emissions issue
Ford boosts investment plan for EVs and self driving vehicles, reports loss
By Reuters Staff 1 Min Read Slideshow ( 2 images ) DETROIT (Reuters) – Ford Motor Co on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as it posted a fourth-quarter net loss of $2.8 billion. The No. 2 U.S. automaker also said the… Continue reading Ford boosts investment plan for EVs and self driving vehicles, reports loss
Mazda sees chip shortage affecting about 7,000 vehicles in February
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Andrew Cullen TOKYO (Reuters) – Japanese automaker Mazda Motor Corp said on Thursday it expects a shortage of semiconductors to affect its vehicle production from this month. Mazda… Continue reading Mazda sees chip shortage affecting about 7,000 vehicles in February
Ford Motor terminates electric vehicle plans with China’s Zotye
By Reuters Staff 2 Min Read Slideshow ( 2 images ) SHANGHAI (Reuters) – Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile, the U.S. auto giant said on Thursday. It said that China’s electric vehicle industry and government policies had undergone major changes since the agreements… Continue reading Ford Motor terminates electric vehicle plans with China’s Zotye
Ford’s forecast in focus as it wraps up year with quarterly loss
By Rachit Vats 3 Min Read (Reuters) – Ford Motor Co’s investors are likely to brush aside the company’s quarterly loss on Thursday and focus on its 2021 forecast and production target for the revamped F-150 pickup truck, a consistent bestseller in the U.S. automobile market. FILE PHOTO: Ford Motor Co. CEO Jim Farley walks… Continue reading Ford’s forecast in focus as it wraps up year with quarterly loss
Daimler to spin off truck unit, give clear investor focus on Mercedes-Benz
By Nick Carey 2 Min Read (Reuters) – German carmaker Daimler plans to spin-off Daimler Truck, the world’s largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business. FILE PHOTO: Ola Kaellenius, chairman of Daimler AG attends the presentation of the new Mercedes-Benz S-Class at… Continue reading Daimler to spin off truck unit, give clear investor focus on Mercedes-Benz
Daimler to invest 1.5 bln eur in truck business in wake of IPO
By Reuters Staff 1 Min Read BERLIN, Feb 3 (Reuters) – Daimler will set up an innovation fund with a volume of 1.5 billion euros ($1.80 billion) for its Daimler Truck unit in the course of the planned spin-off of the business, it said on Wednesday. “The Daimler truck business will have fully independent management,… Continue reading Daimler to invest 1.5 bln eur in truck business in wake of IPO
Daimler to spin off trucks in shift to electric, self-driving vehicles
By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo (Reuters) – German carmaker Daimler plans to spin-off Daimler Truck, the world’s largest truck and bus maker, to allow it to focus on zero-emission vehicles and self-driving… Continue reading Daimler to spin off trucks in shift to electric, self-driving vehicles
Daimler 2020 operating profit beats guidance and forecasts
By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Daimler said on Thursday a strong fourth quarter helped it post better-than-expected 2020 group operating profit and that it was optimistic for 2021. The Stuttgart-based maker… Continue reading Daimler 2020 operating profit beats guidance and forecasts