Ola Källenius The new head of Daimler has inherited a poisoned legacy with the diesel scandal. (Photo: Reuters) Munich, WolfsburgDaimler-Boss Ola Källenius always has a smile on his face. He can inspire himself like a schoolboy on technical gimmicks and always radiates a certain nonchalance. But when it comes to business, the 1.95-meter blond boy… Continue reading Analysis: Källenius’ false start: The new Daimler boss needs a liberation
Tag: Financial Results
Another Profit Warning Hits Daimler Share Price
Daimler’s share price dived nearly 3% Monday after the Mercedes Benz parent company cut its profit forecast to take account of its diesel transgressions.
Daimler adjusts earnings expectations
Increase of provisions for various ongoing governmental proceedings and measures relating to Diesel vehicles by a high three digit million amount will affect Daimler’s second quarter 2019 earnings and be taken into account in the Group EBIT. Outlook for Group EBIT in 2019 now expected to be in the magnitude of the previous year. Return… Continue reading Daimler adjusts earnings expectations
Car manufacturer: Daimler lowers profit forecast due to diesel problems
BerlinBeim car manufacturer Daimler The rising costs of coping with the diesel affair are reflected in the result. For “ongoing regulatory proceedings and measures” in diesel models from Mercedes in the second quarter, a high three-digit million amount postponed, said the Dax company on Sunday evening in Stuttgart. Therefore, the consolidated earnings before interest and… Continue reading Car manufacturer: Daimler lowers profit forecast due to diesel problems
Automotive industry: Volkswagen plans to build new car plant in Turkey
Istanbul, Dusseldorf, FrankfurtWhat had the strategists of Volkswagen not everything considered. They should find a location for a new plant, in a country with low wages and good sales opportunities. Hungary and Poland quickly dropped them off the list, wages were already too high there. Remained Romania, Serbia, Bulgaria and the Turkey, Meanwhile, this choice… Continue reading Automotive industry: Volkswagen plans to build new car plant in Turkey
Automotive industry: Expansion on the Bosporus – VW plans to build its new car plant, presumably in Turkey
Istanbul, Dusseldorf, FrankfurtWhat had the strategists of Volkswagen not everything considered. They should find a location for a new plant, in a country with low wages and good sales opportunities. Hungary and Poland quickly dropped them off the list, wages were already too high there. Remained Romania, Serbia, Bulgaria and the Turkey, Meanwhile, this choice… Continue reading Automotive industry: Expansion on the Bosporus – VW plans to build its new car plant, presumably in Turkey
Drivers may overestimate Tesla Autopilot because of its name, study suggests
Sponsored Links Tesla Tesla’s Autopilot system might have a catchy name, but it may send the wrong message to drivers, according to a study by the Insurance Institute for Highway Safety. A survey the non-profit organization conducted revealed that a lot of people don’t fully comprehend newer cars’ actual level of automation, because their driver-assistance… Continue reading Drivers may overestimate Tesla Autopilot because of its name, study suggests
20 Jun 2019 UK consortium to drive new era of electric powertrain developm…
Ground-breaking concepts aim to provide the most cost-effective, lightweight, compact and efficient electric powertrain on the market Ambitious ACeDrive project positions the UK as global leader in electric powertrain research and development Match-funding awarded by the APC to help deliver mass-production ready technology Project led by GKN Automotive in partnership with Drive System Design and… Continue reading 20 Jun 2019 UK consortium to drive new era of electric powertrain developm…
Moody’s downgrades Tata Motors ratings with outlook negative
Moody’s Investors Service also said the outlook on Tata Motors remains negative. New Delhi: Ratings agency Moody’s Thursday downgraded Tata Motors‘ corporate family rating (CFR) and senior unsecured instruments rating, citing sustained deterioration in the company’s credit profile mainly on account of its British arm Jaguar Land Rover‘s weak performances. Moody’s Investors Service also said… Continue reading Moody’s downgrades Tata Motors ratings with outlook negative
Tesla hasn’t met Musk’s Q2 production goal: Report
San Francisco: Electric Vehicle (EV) maker Tesla has not met CEO Elon Musk‘s second quarter (Q2) record production goal, according to media reports. “At the end of May, a leaked email reportedly sent by Elon Musk to Tesla employees suggested that the electric vehicle maker had a good chance of making Q2 the highest deliveries… Continue reading Tesla hasn’t met Musk’s Q2 production goal: Report