Category: Automotive

Daimler Financial Services AG today becomes Daimler Mobility AG

24.

July 2019

Stuttgart

As of 24 July 2019, Daimler Financial Services is renamed Daimler Mobility AG. Financing, leasing, insurance and fleet management continue to be part of the core business of Daimler Mobility. New name underlines the strategic standard the business division has set for itself: to offer comprehensive flexible mobility solutions in the future. Stuttgart (Germany) – Today Daimler Financial Services AG will begin operating under the name of Daimler Mobility AG and act as a provider of services in the field of financing, leasing, insurance and fleet management for the entire Daimler Group. Furthermore, the Daimler Mobility business division is a strategic investor in mobility services such as FREE NOW, SHARE NOW and Blacklane. Flexible service offerings like Mercedes-Benz Rent (car rental) and Mercedes me Flexperience (subscription solution) complete the mobility ecosystem. As part of the approved implementation of the Daimler Group's Project Future, Daiml..

Electric Scooters Aren’t Zero Emissions

Photo via Flickr.  Electric Scooter Insider has unveiled that electric scooters may not be as good for the environment as they lead on to believe. The site reviews and recommends the best electric scooters to consumers and has uncovered the truth behind the real environmental impact of electric scooters. Electric Scooter Insider calculated the CO2… Continue reading Electric Scooters Aren’t Zero Emissions

PSA-Opel savings drive new profit record, defying slump

PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) delivered a sharp increase in first-half profit, defying a global industry downturn as new models and cost savings from the integration of Opel-Vauxhall more than made up for weaker emerging market sales. FILE PHOTO: The new Peugeot 208 GT is displayed at the 89th Geneva International Motor… Continue reading PSA-Opel savings drive new profit record, defying slump

Press Releases – Commercial vehicle registrations: +5.8% first half of 2019; +2.8% in June

Brussels, 24 July 2019 – In June 2019, demand for new commercial vehicles in the EU remained positive (+2.8%), marking the sixth consecutive month of growth. Total new commercial vehicles In June 2019, demand for new commercial vehicles in the EU remained positive (+2.8%), marking the sixth consecutive month of growth. The truck and bus… Continue reading Press Releases – Commercial vehicle registrations: +5.8% first half of 2019; +2.8% in June

PSA Group profit jumps on pricing, Opel synergies

FILE PHOTO: The Peugeot logo is pictured on the new Peugeot 508 before a news conference of PSA Group to announce the company’s 2017 annual results at their headquarters in Rueil-Malmaison, near Paris, France, March 1, 2018. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) delivered a sharp increase in first-half profit,… Continue reading PSA Group profit jumps on pricing, Opel synergies

Daimler reports second-quarter 2019 results

STUTTGART, Germany, July 24, 2019 /PRNewswire/ — Revenue up 5% to €42.7 billion (Q2 2018: €40.8 billion) Group EBIT of minus €1.6 billion (Q2 2018: plus €2.6 billion) Net loss of €1.2 billion (Q2 2018: net profit of €1.8 billion) Portfolio review and efficiency programs intensified Significant improvement of EBIT and free cash flow in… Continue reading Daimler reports second-quarter 2019 results

Uber Freight launches in Germany, faces local competition

FRANKFURT (Reuters) – U.S. ride-hailing company Uber (UBER.N) is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York… Continue reading Uber Freight launches in Germany, faces local competition