Divisive head of Daimler announces austerity measures: Zetsche estimates costs for Daimler conversion to 700 million

AFP At today’s Annual General Meeting, Dieter Zetsche will hand over the chairmanship of the Board to Sweden’s Ola Källenius The departing Daimler CEO Dieter Zetsche gives before the Daimler Annual General Meeting his successor Ola Källenius an urgent advice on the way: save, save, save. Should Zetsche return in two years as a supervisory… Continue reading Divisive head of Daimler announces austerity measures: Zetsche estimates costs for Daimler conversion to 700 million

Annual General Meeting: Zetsche farewell: Daimler investors are frustrated with returns and share price

Dieter Zetsche at the Annual General Meeting “We can not and will not be satisfied with the current profitability level.” (Photo: AFP) BerlinNach more than four decades in the company and 13 years as Daimler-Chef is final: Dieter Zetsche Goes in pension. The man, who Daimler after this ChryslerDisaster rescued, turned on Wednesday one last… Continue reading Annual General Meeting: Zetsche farewell: Daimler investors are frustrated with returns and share price

Farewell video: When Daimler CEO Dieter Zetsche converts to BMW

Wrong Zetsche at the wheel A doppelgänger of the Daimler boss at the wheel of a BMW i8. (Photo: Screenshot Youtube) BerlinMore than 13 years stood Dieter Zetsche at the top of Daimler, On his last day of work The veteran automanager is also considered by a competitor with a winking farewell video. On Wednesday… Continue reading Farewell video: When Daimler CEO Dieter Zetsche converts to BMW

Annual General Meeting: Daimler investors are frustrated with returns and share price

Dieter Zetsche at the Annual General Meeting “We can not and will not be satisfied with the current profitability level.” (Photo: AFP) BerlinNach more than four decades in the company and 13 years as Daimler-Chef is final: Dieter Zetsche Goes in pension. The man, who Daimler after this ChryslerDisaster rescued, turned on Wednesday one last… Continue reading Annual General Meeting: Daimler investors are frustrated with returns and share price

Daimler says all costs under scrutiny after moderate start to 2019

The Mercedes logo is seen on a Vision Mercedes-Maybach Ultimate Luxury show car ahead of the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke BERLIN (Reuters) – German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast. “Everything… Continue reading Daimler says all costs under scrutiny after moderate start to 2019

Daimler in transition: focus on sustainability, efficiency and mobility of the future

BERLIN, May 22, 2019 /PRNewswire/ — Annual Meeting in Berlin: shareholders to vote on new Group structure Sustainability to be anchored even more firmly in corporate strategy Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: “We have built up the strength we need in order to take… Continue reading Daimler in transition: focus on sustainability, efficiency and mobility of the future

VW truck brand to invest $344 mln in Brazil after Ford exit

FILE PHOTO: The logo of Swedish truck maker Scania is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo SAO PAULO (Reuters) – Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an… Continue reading VW truck brand to invest $344 mln in Brazil after Ford exit

US Postal Service will use autonomous big rigs to ship mail in new test

The United States Postal Service (USPS) has chosen self-driving trucking company TuSimple to haul mail as part of a two-week test of the startup’s autonomous technology. TuSimple will carry the mail on five round trips between the USPS’s Phoenix, Arizona, and Dallas, Texas, distribution centers, which is a stretch of more than 1,000 miles. The… Continue reading US Postal Service will use autonomous big rigs to ship mail in new test

Job #1 of the Mercedes-Benz Trucks flagship

Wörth am Rhein, May 21, 2019 – At the Mercedes-Benz Wörth plant, the sapphire-blue Actros 1851 LS 4×2 was the first customer vehicle to roll off the production line. Stefan Buchner, Head of Mercedes-Benz Trucks, Gerald Jank, Head of Mercedes-Benz Trucks Operations, and Dr Matthias Jurytko, Head of Mercedes-Benz Wörth plant, accompanied the series production… Continue reading Job #1 of the Mercedes-Benz Trucks flagship

Daimler plans to cut administration costs by 20%: Report

Kaellenius said earlier this month that Daimler will cut development costs of new Mercedes-Benz cars. FRANKFURT: Incoming Daimler boss Ola Kaellenius is working on a cost cut programme to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take… Continue reading Daimler plans to cut administration costs by 20%: Report