Daimler boss Ola Källenius The manager sees the future of the group in the luxury sector. (Photo: Smetek) Champagne, diamond rings and cases made of precious leather – luxury products are particularly important at Daimler. When CEO Ola Källenius speaks to top managers about the future of the car company these days, the name keeps… Continue reading Restructuring with obstacles: Daimler wants to save two billion in personnel – How the group should get back on track
Tag: Daimler
@Daimler: 16. Jul 2020Preliminary results for the second quarter 2020 above market expectations
July 16, 2020 – Following a better than expected market recovery and a strong June performance, Daimler Group adjusted EBIT, Mercedes-Benz Cars & Vans adjusted EBIT and Daimler’s Industrial Free Cash Flow for the second quarter of 2020 are all above market expectations. Daimler’s deployment of extensive cash preservation measures plus the favorable demanddriven development… Continue reading @Daimler: 16. Jul 2020Preliminary results for the second quarter 2020 above market expectations
Daimler to stop building sedans in the U.S. after second-quarter loss
FRANKFURT (Reuters) – Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss. FILE PHOTO: A logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman The… Continue reading Daimler to stop building sedans in the U.S. after second-quarter loss
@Daimler: Preliminary results for the second quarter 2020 above market expectations –positive Industrial Free Cash Flow
Stuttgart (Germany) – Following a better than expected market recovery and a strong June performance, Daimler Group adjusted EBIT, Mercedes-Benz Cars & Vans adjusted EBIT and Daimler’s Industrial Free Cash Flow for the second quarter of 2020 are all above market expectations. Daimler’s deployment of extensive cash preservation measures plus the favorable demand-driven development of… Continue reading @Daimler: Preliminary results for the second quarter 2020 above market expectations –positive Industrial Free Cash Flow
Car maker: Daimler’s quarterly loss is lower than expected
Mercedes Star Daimler’s loss in the second quarter was lower than expected. (Photo: Reuters) Stuttgart The Car maker Daimler In the second quarter, it performed better on some indicators than it expected from experts. Earnings before interest and taxes (EBIT) across the group were minus 1.68 billion euros. Adjusted EBIT therefore came to minus 708… Continue reading Car maker: Daimler’s quarterly loss is lower than expected
Diesel scandal: Ex-VW manager Schmidt agrees to deliver to Germany
VW logo The United States has indicted a number of former Volkswagen employees in the diesel scandal. (Photo: dpa) Detroit in the process of extradition because of his role in the diesel scandal in the United States convicted and detained Ex-Volkswagen manager Oliver Schmidt to Germany comes movement. Schmidt gave his consent at a court… Continue reading Diesel scandal: Ex-VW manager Schmidt agrees to deliver to Germany
Car maker: Restructuring with obstacles: How Daimler boss Källenius wants to get the group on track
Daimler boss Ola Källenius The manager sees the future of the group in the luxury sector. (Photo: Smetek) Champagne, diamond rings and cases made of precious leather – luxury products are particularly important at Daimler. When CEO Ola Källenius speaks to top managers about the future of the car company these days, the name keeps… Continue reading Car maker: Restructuring with obstacles: How Daimler boss Källenius wants to get the group on track
Interview with Ola Källenius: Daimler boss focuses Mercedes on luxury cars again
Ola Källenius In office since May 2019 – but only now is he tightening the austerity course. (Photo: Verena Müller / laif) Munich, Frankfurt In the middle of the corona crisis sharpens Daimler-Boss Ola Källenius his Strategy and trims the automaker for return. “We want to go back to our core as a manufacturer of… Continue reading Interview with Ola Källenius: Daimler boss focuses Mercedes on luxury cars again
BMW 7 Series EV, Which Might Be Called i7, Spotted Under Camouflage
BMW is not investing in a bespoke flagship electric sedan, unlike Mercedes-Benz which is working on the EQS, a vehicle that’s totally different compared to the new soon-to-be-revealed S-Class. Bavaria’s answer to the EQS, and other bespoke luxury electric sedans like the upcoming Jaguar XJ, will just be a different version of the upcoming 7… Continue reading BMW 7 Series EV, Which Might Be Called i7, Spotted Under Camouflage
Navistar teams up with TuSimple to produce self-driving trucks by 2024
Navistar and TuSimple deepened their two-year relationship on Wednesday, announcing plans to develop and begin producing autonomous semi trucks by 2024. The strategic partnership includes Navistar taking an undisclosed stake in self-driving trucks startup TuSimple. The plan is to move away from retrofitting the Navistar International commercial trucks that TuSimple currently uses and instead develop… Continue reading Navistar teams up with TuSimple to produce self-driving trucks by 2024