Daimler

Daimler to buy 25% stake in Italy's MV Agusta

[FRANKFURT] German cars and trucks maker Daimler on Friday said it will buy a 25 per cent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation deal.

Under the memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus and Toyota subsidiary Hino Motors would be combined under a holding company.

Toyota, Daimler in deal to combine Japan truck operations

DAIMLER Truck Holding and Toyota Motor said on Tuesday (May 30) they had entered a non-binding agreement to combine the businesses of their truck units in Japan.

Daimler's chief financial officer Jochen Goetz said underinvestment in other parts of the supply chain was still causing shortages in everything, from nuts and bolts to tyres.

Daimler Truck says supply chain woes continue, as Q3 unit sales jump

DAIMLER Truck reported a 27 per cent jump in third-quarter unit sales to nearly 135,000 as the chip shortage eased. However, it also warned that underinvestment in other parts of the supply chain was ...

China is the world’s biggest market for heavy trucks, with around 1.5 million units sold in 2021.

Daimler Truck begins producing Mercedes-Benz branded trucks in China

DAIMLER Truck has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China’s Foton Motor in Beijing on Friday (Sep 23),...

Daimler cuts stake in Chinese electric-car venture with BYD

Daimler cuts stake in Chinese electric-car venture with BYD

[FRANKFURT] Daimler AG will slash its stake in the Denza electric-car joint venture with China's BYD Auto Industry Co following years of weak sales for the brand.

Daimler first quarter operating profits plunge as virus bites

Daimler first quarter operating profits plunge as virus bites

[FRANKFURT AM MAIN] German car giant Daimler has reported a 78-per cent drop in preliminary first-quarter operating profits to 617 million euros (S$952.8 million), as the coronavirus wreaks havoc on p...

BMW in dash for cash as German car sales plummet

BMW in dash for cash as German car sales plummet

[FRANKFURT AM MAIN] BMW is following other German carmakers in pumping up its financial liquidity to ride out the coronavirus crisis, its chief executive said Friday, as car sales in the auto-mad nati...

BMW and Daimler quit carsharing service in US, Canada

BMW and Daimler quit carsharing service in US, Canada

[FRANKFURT] Luxury carmakers BMW and Daimler have announced that they will ditch their joint carsharing scheme in North America and scale back the service in Europe, citing lower than expected take-up...

BMW-Daimler ride-hailing venture steps up Uber challenge

BMW-Daimler ride-hailing venture steps up Uber challenge

[FRANKFURT] FreeNow, the ride-hailing venture owned by Daimler and BMW, expects to double revenue this year and next in a fresh challenge to Uber in Europe and Latin America.

Nokia says it's working to end patent licensing row with Daimler, other firms

Nokia says it's working to end patent licensing row with Daimler, other firms

NOKIA said on Friday that it was working to end a row with Germany's Daimler and other firms which have complained to the EU antitrust regulators about the level of fees charged for technology patents...