Daimler headquarters in Stuttgart The brand’s wholesale sales slumped by more than a fifth in the first five months of 2020. (Photo: Imago) Munich Daimler is not that Lufthansa. Neither does the carmaker foreseeably fly out of the Leading index Dax, As a result of the corona pandemic, the Swabians still urgently need help from… Continue reading Balance sheet check: Daimler’s structural weaknesses take revenge in the corona crisis
Tag: Daimler
Jaguar Land Rover remains bullish on diesel powertrains
Jaguar Land Rover will continue to invest in diesel technology as it ramps up plans to electrify its model line-up and develop a hydrogen fuel cell vehicle. Product engineering boss Nick Rogers said, in light of the coronavirus pandemic: “We really believe that customers will be focused on being cleaner, safer and smarter than ever… Continue reading Jaguar Land Rover remains bullish on diesel powertrains
Daimler CEO sees ‘drastic’ pay cuts, deeper restructuring – ETAuto.com
Daimler’s restructuring plan, issued in November, called for cutting its workforce by more than 10,000 to slash 1.4 billion euros ($1.6 billion) off personnel spending by 2022. Daimler AG Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of… Continue reading Daimler CEO sees ‘drastic’ pay cuts, deeper restructuring – ETAuto.com
IONITY Celebrates 250th Fast-Charging Station In Europe
IONITY, the European fast-charging network, founded in 2017 by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche AG, and joined by Hyundai Motor Group (Hyundai and Kia) in 2019, celebrates its 250th charging location. The company announced the news on July 3, 2020, about six months since the milestone of 200… Continue reading IONITY Celebrates 250th Fast-Charging Station In Europe
@Daimler: Next stage in the transformation process
In the course of its transformation process, Mercedes-Benz AG plans to utilize the high flexibility of its global production network and adjust its capacity to current market conditions. Against this backdrop, the company intends to start talks on the sale of its car plant in Hambach, France, with the aim of giving the location the… Continue reading @Daimler: Next stage in the transformation process
@Daimler: 03. Jul 2020Mercedes-Benz announces strategic partnership and equity stake in battery cell manufacturer Farasis
July 03, 2020 – Mercedes-Benz is taking another important step on its journey towards CO₂–neutral mobility. The Stuttgart-based luxury car manufacturer has launched a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Ltd., including taking an equity stake. This move represents another important milestone towards Mercedes-Benz’s “Ambition2039” CO₂-neutral goal. Key… Continue reading @Daimler: 03. Jul 2020Mercedes-Benz announces strategic partnership and equity stake in battery cell manufacturer Farasis
Facelifted Mini could gain plug-in hybrid Cooper S variant
Fresh from launching its landmark first EV, Mini looks to be expanding its electrified line-up with a potential plug-in variant of its Cooper S five-door hatchback. The hatch is due a substantial facelift before 2023 – having only been subtly updated once in its seven-year lifespan – to bring it into line with newer rivals including the Audi A1, Ford… Continue reading Facelifted Mini could gain plug-in hybrid Cooper S variant
India grows in stature as an R&D hub for German companies
Chancellor Dr Angela Merkel, together with a German delegation, visited Continental’s Manesar facility on November 2, 2019. India and Germany have had historic ties and in fact, trade between the two countries spans over 500 years and remains a basis for strong economic and business ties. If one goes just by numbers, Germany continues to… Continue reading India grows in stature as an R&D hub for German companies
Mercedes Benz to resume second shift in Brazilian factory as sales slowly recover
FILE PHOTO: A worker uses his mobile phone at an entrance of a Mercedes-Benz factory in Sao Bernardo do Campo, near Sao Paulo January 7, 2015. REUTERS/Nacho Doce SAO PAULO (Reuters) – The Brazilian unit of Mercedes Benz (DAIGn.DE) said on Wednesday it has resumed a second shift in its factory located in Sao Bernardo… Continue reading Mercedes Benz to resume second shift in Brazilian factory as sales slowly recover
Daimler Expands Relationship with IBM; Adopts IBM public cloud for its security capabilities
ARMONK, N.Y., July 1, 2020 /PRNewswire/ — IBM (NYSE: IBM) and Daimler announced that they have expanded their agreement and Daimler will implement an intelligent cloud solution and migrate its global after-sales portal to the IBM public cloud. This will allow Daimler to drive innovation, while also benefiting from one of the industry’s most open and secure… Continue reading Daimler Expands Relationship with IBM; Adopts IBM public cloud for its security capabilities