German luxury carmaker Daimler announced on Thursday it was starting a joint venture with Chinese auto group BYD (Build Your Dreams) to mass produce electric cars in China.
Daimler has announced plans to bid Wall Street goodbye with its withdrawal from the New York stock exchange. The carmaker's move to delist means it will no longer be obligated to report to the US Securities and Exchange Commission.
The Local's series âAbgefahrenâ drives into the future with Smart's new electric two-seater, which carmaker Daimler hopes will help reshape urban mobility.
German auto giant Daimler said Tuesday it returned to profit in the first quarter, raising its full-year forecast on the back of strong Mercedes sales.
Automaker Daimler became the latest German corporate giant to give in to international pressure over its business ties with Iran on Wednesday, saying it would "restructure" its activities there.
German car sales plunged by 27 percent in March on a 12-month comparison but exports climbed owing to a rebound of global markets, figures from the VDA auto federation showed on Tuesday.
French carmaker Renault was expected Tuesday to approve a new partnership with Germany's Daimler to exchange capital and to share know-how in building smaller cars.
German automaker Daimler pleaded guilty to US charges of bribery and agreed to pay âŹ136 million to settle the affair, the US government said overnight Friday.
Daimler will pay some âŹ134 million in fines to settle US allegations that the German automaker habitually bribed foreign officials, a source close to the case told the news agency AFP on Tuesday.
Chinese auto maker BYD (Build Your Dreams) and German giant Daimler have signed a preliminary agreement to mass produce an electric car together, executives said at the Geneva motor show on Tuesday.
German auto giant Daimler suffered a sharp loss last year that surprised markets Thursday and pushed its share price lower as the group reported results from one of the auto sector's most challenging years.
Aiming to make urban driving more environmentally friendly, German carmaker Daimler delivered the first fully electric version of its small Smart model in Berlin on Thursday.
German luxury car maker Daimler has told 37,000 workers in Sindelfingen, Baden-WĂźrttemberg that their jobs are safe until 2020 and that the group will create about 2,000 new ones.
Daimler will keep its holding in the European aerospace group EADS at 15 percent and will not retrieve a 7.5-percent stake from German banks, the carmaker's finance director said on Tuesday.
Production of the Mercedes-Benz luxury C-Class line will move from Germany to Tuscaloosa, Alabama by 2014, parent company Daimler AG announced on Wednesday.
Metalworkersâ union IG Metall on Tuesday called for workers at the Mercedes-Benz factory in Sindelfingen to protest against the companyâs possible plans to move production of its luxury C-Class vehicle to the US by 2014.
German luxury car maker BMW on Tuesday posted dismal third quarter figures and warned there was no guarantee of a recovery in the coming months despite strong growth in China.
Daimler said on Tuesday that its third quarter net profit plunged 74 percent from a year earlier, but the German auto giant stressed that it had managed to negotiate the global crisis in the sector.
The German luxury car maker Daimler will make major investments in the country to reinforce production of compact models, its boss Dieter Zetche said on Thursday.
German carmaker Audi is set to sell more vehicles worldwide than luxury rival Mercedes for the first time ever next year, according a new study released on Monday.
Grappling with the end of the popular âcash for clunkersâ government stimulus programme, car dealerships in Germany are offering discounts of up to 42 percent on new vehicles, magazine <i>Auto Motor und Sport</i> reported on Thursday.
The crisis in the global automotive industry appears to have affected the Frankfurt motor show which closed Sunday with visitor numbers down some 150,000 this year, Germany's VDA auto federation said.
