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Daimler India has big plans! See what the company plans to do over next 2 yrs
Mon, Dec 07, 2020
Commercial vehicle maker Daimler India, which recently set up 10 new touchpoints, plans to have at least 350 dealerships pan-India in the next two years as it looks to deepen market penetration and take its range of products more closer to customers, a top company executive has said
#ShiftingGearsWithSwatiK: Commercial Vehicles are the backbone of Indian economy, says Satyakam Arya, Daimler India
Thu, Jul 30, 2020
The first is the cyclical storm in which the CV industry after strong growth of four years till 2018 started contracting in 2019 even before COVID started. We had more than 35% contraction in 2019 and what is happening right now I am sure that you are well aware of it.
Daimler recalls hundreds of thousands of Mercedes-Benz diesel vehicles
Sat, Oct 12, 2019
German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues.
Daimler cuts 2019 profit outlook on diesel issues
Mon, Jun 24, 2019
Daimler has cut its earnings outlook for this year after lifting provisions for issues related to its diesel vehicles by "a high three-digit million euro amount", the carmaker said on Sunday.
Daimler, BMW to invest 1 billion euros in venture to rival Uber
Fri, Feb 22, 2019
Consultancy PwC has said carmakers face marginalisation by cash-rich technology firms unless they develop services based on vehicle usage. Established ride-hailing firms have been expanding. China`s Didi Chuxing aims to build its business in Latin America and Uber is gaining a stranglehold on its U.S. market.
Daimler India Commercial Vehicles to double distribution network
Fri, Feb 15, 2019
Queried about the market prospects for the Indian truck industry in 2019, Arya said this is an election year and buyers would wait to make their purchases; as a result, the first half of 2019 may witness a slowdown.
China's Geely makes $9 billion Daimler bet against tech invaders
Sun, Feb 25, 2018
Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner`s technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely`s founder and main owner, means China`s larges
''Hey Mercedes'' - Daimler takes on Silicon Valley with hi-tech A-Class
Sat, Feb 03, 2018
The Mercedes "MBUX" dashboard system to be rolled out across the lineup is about as capable at understanding what you say - and more importantly what you mean - as Amazon`s Alexa, Apple`s Siri or Alphabet`s Google Assistant.
Factbox: Automakers get serious about electric cars
Fri, Nov 17, 2017
Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.
Apple, Volkswagen, BMW warn EU over patent fees guidelines
Thu, Oct 26, 2017
The move comes as the EU executive ponders whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer.
Daimler third-quarter profit falls on diesel costs, special items
Fri, Oct 20, 2017
Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.
BS III extension: Hero MotoCorp says it may face Rs 1,600 crore loss
Tue, Mar 28, 2017
The Government on Monday told the apex court that it agrees with the interpretation of automakers that April 1, 2017 is a deadline to stop production of BSIII vehicles and not sale.
BMW to launch 40 new cars in next two years to compete with Mercedes Benz
Tue, Mar 21, 2017
Mercedes-Benz, flagship of Stuttgart's Daimler group, beat BMW to the top spot in the luxury car segment last year for the first time in more than a decade.
Daimler, BMW expected to merge carsharing services to compete with Uber
Thu, Dec 15, 2016
Daimler and BMW's car sharing services Car2Go and DriveNow are expected to be merged to take on US-based ride-hailing service Uber.
Volkswagen eyes deals to boost its self-driving car plans
Fri, Aug 19, 2016
Europe's largest automaker is also looking for more alliances with technology firms as it tries to capture new business post-Dieselgate.
Mercedes to invest 1 billion euros in new Hungary plant
Fri, Jul 29, 2016
German luxury car maker Mercedes-Benz said on Friday it would spend one billion euros ($1.1 billion) on a large new factory in Hungary, creating around 2,500 jobs.