May 26, 2020 – Daimler Truck AG and Rolls-Royce plc plan to cooperate on stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities such as data centers. They are to offer emission-free alternatives to diesel engines, which are currently used as emergency power generators or to cover peak loads. The companies have signed… Continue reading @Daimler: 26. May 2020Rolls-Royce and Daimler Truck AG plan cooperation on stationary fuel-cell systems
Tag: Daimler
Farasis Energy To Launch $480 Million IPO: Daimler To Participate?
The Chinese lithium-ion battery manufacturer Farasis Energy has received an approval to raise about 3.44 billion yuan ($480 million) in an initial public offering (IPO) on STAR board (Chinese equivalent of NASDAQ). According to Reuters‘ unofficial sources, Daimler is expected to participate in the IPO, as the German company already ordered batteries from Farasis, and… Continue reading Farasis Energy To Launch $480 Million IPO: Daimler To Participate?
Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
BEIJING/HONG KONG (Reuters) – Daimler AG (DAIGn.DE) plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said. FILE PHOTO: Employees wearing face masks work at a plant of Daimler-BAIC… Continue reading Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
Daimler Forges Ahead with Plans for Electric Flagship Sedan
Daimler AG is pushing ahead with plans to produce an all-electric version of its flagship Mercedes S-Class sedan from next year even as it cuts back in other areas to weather a slump in demand across the industry.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him
May 24 (Reuters) – Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate.
Palmer and Germany's Daimler AG, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment.
The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday.
Palmer had not been informed of the upcoming announcement, the newspaper reported.
Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.
The 107-year old British luxury carmaker earlier t..
UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source
(Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new… Continue reading UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source
Aston Martin chief to leave as part of shake-up
Mercedes executive set to take over, further solidifying the relationship between the two carmakers Go to Source
Aston Martin sacks chief Andy Palmer after shares plunge
Aston Martin Luxury car maker expected to hire Mercedes-AMG’s Tobias Moers as next CEO, as value falls to below £500m Andy Palmer, present CEO of Aston Martin, in 2018 as the company was floated on the London stock exchange. Photograph: Tolga Akmen/AFP/Getty Images Aston Martin is sacking its chief executive, Andy Palmer, following a 98%… Continue reading Aston Martin sacks chief Andy Palmer after shares plunge
Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers
Aston Martin boss Andy Palmer will be replaced at the helm of the company by AMG boss Tobias Moers on Tuesday, according to a report in the Financial Times. The British sports car maker has responded to the report by saying it has no comment to make, neither confirming nor denying the story. Palmer’s position… Continue reading Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers
Aston Martin’s chief to leave as a part of shake-up: FT
Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden (Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday. The luxury carmaker will… Continue reading Aston Martin’s chief to leave as a part of shake-up: FT