Tag: Daimler

Ford Credit Brands Ranked No. 1 in Their Segments in J.D. Power 2019 Consumer Financing Satisfaction Study

Ford Credit ranks No. 1 in mass market segment Lincoln Automotive Financial Services ranks No. 11 among luxury brands Ford Credit, Lincoln AFS ranked highest in key factors DEARBORN, Michigan, Nov. 15, 2019 – Ford Credit and Lincoln Automotive Financial Services ranked first in the respective mass market and luxury segments of the J.D. Power… Continue reading Ford Credit Brands Ranked No. 1 in Their Segments in J.D. Power 2019 Consumer Financing Satisfaction Study

Tesla-Volkswagen partnership: VW CEO shuts down rumor

VW CEO has shut down the rumors of a collaboration between Tesla and Volkswagen after he was reported to be excited about an investment in the electric automaker. Over the years, Tesla was partly owned by Toyota and Daimler, Mercedes-Benz’s parent company. Both automakers ended selling their stake after Tesla went public and the stock… Continue reading Tesla-Volkswagen partnership: VW CEO shuts down rumor

New car demand down, dealers use pre-registrations to meet targets

The September plate-change new car market was tough. Consumer confidence was hit, demand for new cars declined and dealers pre-registered cars to meet quarterly targets. New car registrations rose 1.3% to 343,255 units. The SMMT said it was a below-par performance following the -20.5% decline in the same month in 2018, when new emissions regulations… Continue reading New car demand down, dealers use pre-registrations to meet targets

New Ford Mustang Mach-E leaked on Ford’s website

Ford has accidentally published official images and details of the new, all-electric Mustang Mach-E on its website ahead of the car’s planned launch at a special event later this month. The details on the car’s US pricing, performance and range were quickly removed by Ford – but not before these screenshots were taken. The Ford… Continue reading New Ford Mustang Mach-E leaked on Ford’s website

German carmaker Daimler presents new business strategy for coming years

BERLIN, Nov. 14 (Xinhua) — The German car manufacturer Daimler on Thursday presented a new sustainable business strategy with a “clear commitment” to CO2-neutral mobility as well as cost-cutting measures.
According to Daimler, global regulatory CO2 targets would require ongoing high investment. The growing range of plug-in hybrids and all-electric vehicles was leading to cost increases that would have a negative impact on the return on sales of Mercedes-Benz cars.
In Daimler's core business alone, Mercedes-Benz Cars, the car manufacturer planned to save more than 1 billion euros (1.1 billion U.S. dollars) in personnel costs by the end of 2022. To this end, Daimler was seeking to cut jobs both in management and in non-production areas such as logistics and accounting.
According to Daimler, it would be in close contact with its employee representatives “in order to make the measures as acceptable as possible.”
With the business strategy, Daimler was also seeking to improve its free..

Daimler takes “reality check” on robotaxis

* Daimler says robotaxi tech proving difficult to perfect
* Benefits of such vehicles unclear
* CEO says to “rightsize” spend level on robotaxis
* Commercial vehicles may be more suited for assisted driving tech (Adds details)
FRANKFURT, Nov 14 (Reuters) – Daimler has taken a “reality check” on self-driving “robotaxis”, acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential.
Chief Executive Ola Kaellenius told journalists on Thursday Daimler would “rightsize” its spending level on robotaxis and that self-driving technology would more likely be applied to commercial vehicles for freight companies on long haul routes.
Carmakers raced to develop self-driving vehicles after Google presented a prototype car in 2012, leading Daimler to develop an autonomous Mercedes.
The idea of fleets of robotaxis picking up and ferrying customers around cities gained traction, driven by the stellar growth of ride services such as Uber an..

Automaker Daimler to save $1.54B by cutting manager posts

Berlin – German automaker Daimler says it plans to slash costs 1.4 billion euros ($1.54 billion) by cutting every tenth managerial position and other austerity measures. CEO Ola Kallenius told reporters in London on Thursday that the EU’s stricter specifications on carbon dioxide emissions and the transition to more electric vehicles are putting the squeeze… Continue reading Automaker Daimler to save $1.54B by cutting manager posts

Daimler says to cut jobs to save 1.0 bn euros by end-2022

Daimler said it was being forced to reduce costs because “the expanded range of plug-in hybrids and all-electric vehicles is leading to cost increases that will have a negative impact on Mercedes-Benz Cars’ return on sales”. Frankfurt am Main: Daimler said Thursday it planned to cut jobs to save more than 1.0 billion euros ($1.1… Continue reading Daimler says to cut jobs to save 1.0 bn euros by end-2022