The disaster in Japan has cut deeply into the global economy, and now Germany is feeling the effects too. Car manufacturers suffering from delivery delays are considering scaling back workers’ hours, a media report said Thursday.
German automaker Daimler and Britain's Rolls-Royce announced Wednesday plans to take over Tognum, a German manufacturer of motors and turbines they want to make into a world leader.
Germany would prefer a private solution to state intervention if automaker Daimler wants to sell part of its stake in the European aerospace and defence group EADS, Economy Minister Rainer BrĂĽderle said Wednesday.
German automaker Daimler will create 10,000 new jobs this year, of which 4,000 will be in Germany thanks to soaring orders, a company spokeswoman said Wednesday.
The German car and truck manufacturer Daimler unveiled on Thursday its fifth truck brand, BharatBenz, which is aimed at the fast-developing Indian market.
Automaker Daimler wants to sell half of its remaining 15 percent stake in the aerospace and defence group EADS to the German government, the <i>Financial Times Deutschland</i> said Thursday.
French judges have charged the German auto giant Daimler in an insider trading scandal centring on the European defence group EADS, a judicial official said Thursday.
Japanese synthetic fibre maker Toray Industries and German auto giant Daimler AG said on Monday they would set up a joint venture to make lighter carbon-fibre-based auto parts.
German auto makers, lagging behind their American, Japanese and Korean competitors, are hoping for big gains from this month's Detroit auto show, which is pointing to a full recovery of the US market.
German automakers Daimler and Volkswagen posted stellar 2010 sales figures Friday, with emerging markets such as China creating voracious demand for Mercedes-Benz, Audi and VW vehicles.
Dieter Zetsche, head of auto-giant Daimler, has predicted rosy times ahead for the global car industry. He said the number of cars in the world will double by 2030.
German luxury car maker Daimler said Tuesday it would invest in a South African plant to produce the popular Mercedes-Benz Class C auto, of which a new generation is planned for 2014.
Germany might be known for its high-quality cars, but without billions of euros in investment, the country is likely to lose the international race to develop electric vehicles, according to a government e-mobility initiative.
The German luxury car maker Daimler, owner of Mercedes Benz, posted Thursday a third quarter net profit that far exceeded market expectations, and substantially raised its full-year target.
Germany's luxury car maker Daimler will recall about 85,000 Mercedes Benz C- and E-class autos in the United States to fix a problem with power steering systems, the US traffic authority NHTSA said on Monday.
German groups BMW and Daimler, the world's leading luxury car makers, said Friday that September sales roared higher, powered by the US and Chinese markets, and added that the outlook for the rest of 2010 was bright too.
German automaker Daimler and US partner Penske Automotive Group said Wednesday they would launch a five-door Smart model based on a Nissan platform in the United States by 2012.
A British watchdog said Thursday it had launched a probe into alleged price-fixing by major European truckmakers, including German giants Daimler and MAN.
Strong results by BMW on Tuesday demonstrated the recovery by German luxury carmakers this year, with the group reporting a seven-fold leap in quarterly profit that kept it ahead of Audi and Mercedes.
German Chancellor Angela Merkel on Friday prodded China to ease access to its markets, as the world's top two exporting nations signed a series of deals reportedly worth several billion dollars.
German luxury carmakers BMW and Daimler are moving into new territory, developing city-friendly scooters that operate on battery power, a media report said on Friday.
A surge in demand for luxury cars has BMW and rival Daimler scrambling on Thursday to ramp up production in Germany and the United States, the groups said.
