Tag: Daimler

Daimler Truck Appoints Raghavendra Vaidya as New Chief Information Officer

Raghavendra Vaidya has been appointed as the new Chief Information Officer of Daimler Truck, effective June 1, 2025. The announcement was made today in India, where Vaidya currently serves as Managing Director and Chief Executive Officer at Daimler Truck Innovation Center India (DTICI). He will replace Marcus Claesson, who is leaving the company of his… Continue reading Daimler Truck Appoints Raghavendra Vaidya as New Chief Information Officer

Group 1 Automotive Expands with Acquisition of Three Luxury Brand Dealerships in Florida and Texas

Expected to Generate $330 Million in Annual Revenues Provides Share Repurchase Update HOUSTON, May 19, 2025 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), a Fortune 250 automotive retailer with 263 dealerships located in the U.S. and U.K., today announced the addition of three dealerships to its luxury brand portfolio.  The three dealerships—a… Continue reading Group 1 Automotive Expands with Acquisition of Three Luxury Brand Dealerships in Florida and Texas

Dealer Auction reveals model offering dealers highest profit potential

The MINI Countryman provided dealers with April’s highest profit potential, in the sub-£10,000 retail bracket, according to Dealer Auction’s Retail Margin Monitor. With an average retail margin of £2,650, the highest margin recorded for a model this year, the model was also the fastest mover in the chart (selling in 29 days on average). The… Continue reading Dealer Auction reveals model offering dealers highest profit potential

German FAZ: Verstappen surprises Piatri and is “very happy” 009374

Then he jumped out of the racing car, tore his arms up and roared his joy into the sky across Imola. Max Verstappen left the more estimated McLaren faction behind at the Grand Prix of the Emilia-Romagna, distant Lando Norris (second) and Oscar Piatri on the way to the second win of the season on… Continue reading German FAZ: Verstappen surprises Piatri and is “very happy” 009374

Landmark Cars Expands Kia Operations with Workshop Acquisition in Hyderabad

Landmark Cars Limited (BSE: 543714 | NSE: LANDMARK) has received in-principle approval from Kia India to acquire an existing workshop in Hyderabad, the company announced on Saturday, May 17, 2025. This acquisition follows the company’s purchase of a Kia showroom business in the same city a few months earlier. The workshop will operate under Landmark… Continue reading Landmark Cars Expands Kia Operations with Workshop Acquisition in Hyderabad

German FAZ: Ford is a guilt 009372

Again bad news from Germany’s largest industrial industry: For the first time since it was founded 95 years ago, the Cologne Ford works have a union-organized industrial action. IG Metall wants to enforce a better social cushion of a planned workplace reduction. In Germany, Ford wants to cut another 2900 of around 11,500 jobs until… Continue reading German FAZ: Ford is a guilt 009372

German FAZ: Ford is a guilt 009372

Again bad news from Germany’s largest industrial industry: For the first time since it was founded 95 years ago, the Cologne Ford works have a union-organized industrial action. IG Metall wants to enforce a better social cushion of a planned workplace reduction. In Germany, Ford wants to cut another 2900 of around 11,500 jobs until… Continue reading German FAZ: Ford is a guilt 009372

German FAZ: The mood killer of the Formula 1009367

Four out of six Grand Prix won: Oscar Piatri gives a few fans in the Formula 1 paddock on Friday when they wish him luck for the Grand Prize of the Emilia Romagna on Sunday in Imola (3 p.m., Sky/RTL). One extends the hand with spread fingers: number five? The Australian came to Italy as… Continue reading German FAZ: The mood killer of the Formula 1009367

German FAZ: The other maker has finally arrived009366

Harald Kröger almost installed his socialization in large German corporations to enter a AI start-up that now flashes respect in Silicon Valley, such as Nvidia. When the SIMA founder Krishna Rangasayee introduced him to the core idea, the former manager of Mercedes and Bosch reacted typically German, namely skeptical. “I understood the idea immediately and… Continue reading German FAZ: The other maker has finally arrived009366