Posts filtered by tags: Daimler[x]


 

Daimler CEO Zetsche hands over to successor amid tech change

FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm as the company faces challenges from the transition to electric cars and digital transportation technologies. Zetsche received prolonged applause from shareholders at the company’s annual meeting in Berlin on Wednesday until he made the time-out […]
Tags: Business, News, Berlin, Frankfurt, Nation, Daimler, Germany AP, Dieter Zetsche, Zetsche


Model Discontinuations Coming Down the Pipe, Mercedes-Benz Dealer Says

Like most automakers, notably Honda and Ford, Mercedes-Benz is under pressure to pare back build configurations, and perhaps even entire models, to ease complexity. In this age of falling sales and costly investments in futuristic tech, the vehicle buffet can no longer be all-you-can-eat affair. With that in mind, participants of a recent national Mercedes-Benz […] The post Model Discontinuations Coming Down the Pipe, Mercedes-Benz Dealer Says appeared first on The Truth About Cars.
Tags: Autos, Mercedes-benz, Daimler, News Blog, Product Planning, Discontinuations


Daimler and BMW-backed Kapten rides into London with anti-Uber ad campaign

Kapten, the French ride-hailing app backed by Daimler and BMW, has today launched in London, coupled with a feisty ad campaign taking a swipe at Uber’s tax arrangements. It follows Kapten (formerly called “Chauffeur Prive”) obtaining a license from TfL, London’s transport regulator, to operate its private-hire vehicle (PHV) service in the U.K. capital city. The company first launched in France in 2012, growing quickly in Paris, and has since expanded to Lisbon and Geneva. Specifically, Kapten’s ...
Tags: Startups, TC, Europe, UK, London, France, Tech, NHS, Paris, Geneva, Bmw, Daimler, Lisbon, U K, Kapten, U K Exchequer


This is Smart’s Send-off for the Internal Combustion Engine

Before Smart goes all-electric next year, Daimler plans to offer “an exclusive and strictly limited special edition” model as a farewell to its combustion-engine vehicles. Designed by Konstantin Grcic, a man known for designing mass-manufactured minimalist furniture, the automaker says these limited-edition cars are for the “most ardent collectors only.” Presumably, Daimler is referring to […] The post This is Smart’s Send-off for the Internal Combustion Engine appeared first on The Truth About ...
Tags: Smart, Autos, Daimler, Special Editions, Art Cars, News Blog, Automotive Design, Smart ForTwo, Konstantin Grcic, Limited Editions


Germany returns to growth; relief as Trump ‘delays car tariffs’ - as it happened

Germany’s economy has returned to growth, but retail spending has fallen in China and the USLatest: Trump to delay car tariffs US retail sales disappointChinese retail sales growth hits 16-year lowIntroduction: Germany grew by 0.4% in last quarterMinister: It’s a ray of hope 9.06pm BST Finally. the US stock market has ended higher for the second day running. 8.25pm BST German carmakers roared to the top of the Frankfurt stock market today.BMW gained 3.1% and Daimler rose by almost 3%, on...
Tags: Europe, Business, China, Germany, US, America, International Trade, Economics, UK News, Stock Markets, Frankfurt, Bmw, Daimler, Trump


Tesla analyst slashes his target again, and says everything you think you know about it is in question (TSLA)

Tesla's price target got slashed at Evercore ISI for the second time in a month on Wednesday. The analysts' persistent concerns surrounding demand and growth prompted the cut. Tesla's rich valuation can only be justified by extraordinary growth and execution, "both of which are question right now," they said. Watch Tesla trade live. For all the volatility, executive turnover, and legal battles, investors have awarded Tesla a pretty nice valuation relative to its luxury auto peers. But Tesla'...
Tags: Elon Musk, Trends, Tesla, Volkswagen, Morgan Stanley, Daimler, Evercore ISI, Cowen, Evercore, Arndt Ellinghorst, Ellinghorst


Lean on Me: Incoming Daimler CEO Aims to Tap Alliances, Get Models Out the Door Faster, Cheaper

Planned successor for Daimler CEO Dieter Zetsche, Ola Källenius, says Mercedes-Benz will significantly reduce development costs under his supervision by accelerating alliances throughout the industry. This, of course, has everything to do with electric cars, as that’s all auto executives seem capable of discussing anymore. “The cost structure of the electric car is above that of […] The post Lean on Me: Incoming Daimler CEO Aims to Tap Alliances, Get Models Out the Door Faster, Cheaper appeared ...
Tags: Autos, Mercedes Benz, Daimler, EQ, Electrification, Daimler AG, Dieter Zetsche, Ola Kallenius, Brand Strategy, News Blog, Dr Z, Dieter Zetsche Ola Källenius


Mercedes C-Class May Fall On Its Sword for American-made SUVs

Mercedes-Benz is reportedly considering moving C-Class production out of America to make room on its Alabama assembly line for more high-margin utility vehicles. Despite being the brand’s best-selling sedan in the United States, Mercedes knows it has to acknowledge the public’s growing propensity for luxurious light trucks. While ignoring the present doesn’t seem like the […] The post Mercedes C-Class May Fall On Its Sword for American-made SUVs appeared first on The Truth About Cars.
Tags: Alabama, America, Autos, Mercedes Benz, Daimler, Vance, Tuscaloosa, Daimler AG, News Blog, Product Planning, C-Class, Factory News, MBUSI, United States Mercedes


Mercedes want to abandon combustion engines by 2039

German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral. "We aim to have a carbon-neutral new passenger car fleet in 20 years," said Ola Kallenius, current head of Mercedes research, who is to succeed Dieter Zetsche as chairman of the Daimler group next week.
Tags: Science, Mercedes, Daimler, Mercedes Benz, Dieter Zetsche, Ola Kallenius


Report: Second Chinese Automaker Amassing Big Daimler Stake

A year after Chinese automaker Geely announced the purchase of a nearly 10-percent stake in auto giant Daimler AG, a second carmaker from the People’s Republic is reportedly interested in acquiring a piece of the German company’s action. A stealthy accumulation of shares could already be underway. According to multiple sources who spoke with Reuters, […] The post Report: Second Chinese Automaker Amassing Big Daimler Stake appeared first on The Truth About Cars.
Tags: China, Shares, Autos, Mercedes-benz, Daimler, Daimler AG, BAIC, News Blog, Ownership Model


Heetch raises $38M to take on Uber in French-speaking countries

With Uber just days away from going public, a small challenger has raised some funds of its own to take it and the rest of the field on in francophone markets. Heetch, a ride-sharing platform based out of Paris with operations across France and French-speaking Africa, has picked up a Series B of $38 million, at a valuation that we understand to be around $150 million. Very small potatoes compared to the $90 billion value some have ascribed to its much larger competitor. But the list of Heetch’s ...
Tags: TC, Transportation, Uber, Europe, France, Africa, Tech, Senegal, Morocco, Paris, Belgium, Brussels, Ivory Coast, Casablanca, Daimler, Ride Hailing


Populus AI CEO, co-founder Regina Clewlow at TC Sessions: Mobility on July 10

Behind all those on-demand shuttles, ride-hailing vehicles, dockless scooters, bikes and someday even autonomous cars is data. A lot of data. Numerous startups have popped up and several large, established companies have rolled out products all aimed at capturing and making sense of that data. One such company is Populus AI, a startup that has launched a data platform for cities to better understand and manage how people are moving from Point A to Point B.  The idea is that real-time data and an...
Tags: Transportation, Washington, Los Angeles, Tech, Intel, Mit, Artificial Intelligence, Automotive, Bmw, Self-driving Cars, UC Davis, Daimler, SVP, Mobileye, Dave Ferguson, SF Bay Area


Digital Trends Live: Facebook F8 wrap-up, iPhone 11 mock-ups, and more

On today’s DT Live, we discuss the Facebook F8 developer conference, new mock-ups for the iPhone 11, Hulu grows to 28 million subscribers, Daimler quits the Smart EV car, and “biosolar leaves” may help clean London’s air. The post Digital Trends Live: Facebook F8 wrap-up, iPhone 11 mock-ups, and more appeared first on Digital Trends.
Tags: Apple, Mobile, Facebook, London, Cars, Trends, Hulu, Daimler, Health & Fitness, iPhone 11, Dt Live, Digital Trends Live


More Changes Come to Mercedes-AMG

Daimler’s performance arm, Mercedes-AMG, has entered a period of transition. In addition to placing a strengthened emphasis on all-wheel drive, the company will also begin manufacturing vehicles in China. While the assembly locale isn’t equally important for all cars, AMG is famous for its one-man-one-engine philosophy. Part of the appeal, we assumed, was getting a […] The post More Changes Come to Mercedes-AMG appeared first on The Truth About Cars.
Tags: China, Autos, Awd, Daimler, Amg, Mercedes-AMG, News Blog, Product Planning, Future Models


QOTD: Smart Idea, or No?

Monday brought news few people feared: the dwindling, one-model Smart brand (we refuse to use a lowercase “S”) is gonzo after 2019, at least in North America. Finally, some of you might be thinking. It’s not likely there’s a large contingent of readers who can claim to be an owner of a Fortwo, or a […] The post QOTD: Smart Idea, or No? appeared first on The Truth About Cars.
Tags: Smart, Autos, North America, Daimler, Qotd, News Blog, Question of the Day


It’s over: Smart confirms it’s leaving America after disastrous EV shift

Daimler announced its Smart brand will leave the United States after the 2019 model year. The company's annual American sales dropped by 58 percent to under 1,300 cars after it shifted to selling only electric vehicles. The post It’s over: Smart confirms it’s leaving America after disastrous EV shift appeared first on Digital Trends.
Tags: News, Cars, America, Trends, United States, Daimler


It’s over: Smart confirms it’s leaving America after disastrous shift to EVs

Daimler announced its Smart brand will leave the United States after the 2019 model year. The company's annual American sales dropped by 58% to under 1,300 cars after it shifted to selling only electric vehicles. The post It’s over: Smart confirms it’s leaving America after disastrous shift to EVs appeared first on Digital Trends.
Tags: News, Cars, America, Trends, Smart, United States, Daimler, All-electric Cars


Daimler will pull Smart mini-cars out of United States, Canada

The tiny, two-person Smart cars once pitched as the next big thing in urban mobility will be discontinued in the United States and Canada at the end of the current model year, German automaker Daimler AG said on Monday.
Tags: Money, businessNews, Canada, United States, Daimler, Daimler AG, United States Canada


Confirmed: Smart Brand Dead in North America After This Year

The brand discontinuation we’ve all been waiting for has come to pass. One month after the city car-building Smart brand’s salvation at the hands of China’s Geely, parent company Daimler has announced the 2019 model year will be Smart’s last in North America. Say goodbye to a single electric model with a range of 58 […] The post Confirmed: Smart Brand Dead in North America After This Year appeared first on The Truth About Cars.
Tags: China, Sales, Brands, Smart, Autos, North America, Daimler, Geely, News Blog, Smart ForTwo, Discontinuation, ForTwo


16 Rules for Effective Decision-Making

WHERE WE GO in life is determined by the choices we make. How we make those decisions becomes critical. The speed of change, the abundance of choices, the unknown unknowns, and the impact of a connected world, all conspire to make decision-making a labyrinth. We face traps everywhere. In Labyrinth: The Art of Decision-Making, Pawel Motyl examines “The most prevalent weak spots in decision-making processes, not only in business but in life in general; during crisis and calmer times; in both indi...
Tags: Facebook, Leadership, Instagram, Problem Solving, Chrysler, Mount Everest, Daimler, Pawel Motyl, Motyl


Daimler pulls the plug on electric smart car sales in US, Canada

Daimler is ending sales of its diminutive all-electric smart fortwo cars in the U.S. and Canada, officially pulling the plug on a vehicle that has struggled to gain ground in North America as the German automaker prepares to bring the brand to China, TechCrunch has learned. won’t be sold in the U.S. and Canada after the 2019 model year, Daimler AG confirmed after two sources familiar with the decision shared the information with TechCrunch. “After much careful consideration, smart will discont...
Tags: Transportation, Europe, China, Cars, Tech, Smart, Canada, Automotive, United States, North America, Mercedes Benz, Daimler, Swatch, Adt, Mercedes Benz CLA, Daimler AG


AMG=AWD? Sub-brand’s Boss Says Rear-drive Hate Is Fueling the Switch

Mercedes-AMG, the German luxury marque’s performance sub-brand, might eliminate all rear-drive vehicles from its lineup, AMG CEO Tobias Moers suggested during a recent interview. The company’s boss claims buyers, who already favored putting their AMG’s additional power to all four wheels, are increasingly leaving rear-drive driving behind. The customer, of course, is always right, and […] The post AMG=AWD? Sub-brand’s Boss Says Rear-drive Hate Is Fueling the Switch appeared first on The Truth Ab...
Tags: Autos, Awd, Daimler, Amg, Mercedes-AMG, News Blog, All Wheel Drive, Product Planning, Tobias Moers, Future Models


Daimler quarterly profit falls by 16% after Mercedes production delays

Sales of Mercedes-Benz cars fell 7% in first quarter of 2019 in part because of manufacturing bottlenecksDaimler’s quarterly operating profit has fallen by 16% as a €718m (£620m) one-off gain failed to offset the impact of falling sales in China and production delays at three Mercedes-Benz factories.Sales of Mercedes-Benz cars fell 7% in the first quarter 0f 2019 in part because of manufacturing bottlenecks for the A-Class compact car in Aguascalientes, Mexico, the Mercedes-Benz van in Charlesto...
Tags: Business, Mexico, China, Americas, World news, US news, Asia Pacific, Automotive Industry, Daimler, Mercedes Benz, Charleston South Carolina, Tuscaloosa Alabama, Aguascalientes Mexico, Sales of Mercedes Benz


Mercedes production delays push Daimler's quarterly profits down by 16%

Sales of Mercedes-Benz cars fell 7%, partly because of manufacturing bottlenecksDaimler’s quarterly operating profit has fallen by 16% as a €718m (£620m) one-off gain failed to offset the impact of falling sales in China and production delays at three Mercedes-Benz factories.Sales of Mercedes-Benz cars fell 7% in the first quarter 0f 2019, partly because of manufacturing bottlenecks for the A-Class compact car in Aguascalientes, Mexico, the Mercedes-Benz van in Charleston, South Carolina, and th...
Tags: Business, Mexico, China, Americas, World news, US news, Asia Pacific, Automotive Industry, Daimler, Mercedes Benz, Charleston South Carolina, Tuscaloosa Alabama, Aguascalientes Mexico, Sales of Mercedes Benz


Daimler hurt by production delays at Mercedes, China slowdown

Daimler's first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories.
Tags: Money, businessNews, Daimler, Mercedes Benz, Mercedes China


Kim Jong Un travels with a convoy of armored Mercedes limos, but the company doesn't know how he got them

North Korean leader Kim Jong Un arrived in Vladivostok, Russia by train on Wednesday ahead of his meeting with Russian President Vladimir Putin. Around town, Kim uses a Mercedes-Benz S600 Pullman Guard limousine, an older Mercedes sold between 2008 and 2013. Daimler, the parent company of Mercedes-Benz, told Business Insider in a statement that it has "no idea" how its limos wound up in North Korea as the firm does not do direct business with the hermit nation.  The Mercedes S600 is powered b...
Tags: Facebook, Vladimir Putin, North Korea, Singapore, US, Trends, Eu, Kim Jong Un, Kim, Donald Trump, Mercedes, Boeing, Daimler, Business Insider, Mercedes Benz, Pullman


Daimler says it has no idea how North Korea got hold of limousines

North Korean leader Kim Jong-un is using stretch limousines but sale of luxury goods is banned under UN sanctionsThe parent company of the German car brand Mercedes-Benz has said it has no idea how North Korean leader Kim Jong-un got hold of armoured limousines it makes and said it has no business dealings with the UN-sanctioned north.Kim has raised eyebrows by using stretch limousines manufactured by Stuttgart-based Daimler AG at several very high-profile summits, including his meeting this wee...
Tags: Business, Vladimir Putin, North Korea, US, World news, Asia Pacific, United Nations, Un, Automotive Industry, Kim, Donald Trump, Daimler, Stuttgart, Mercedes Benz, Kim Jong, Daimler AG


Daimler Has ‘Absolutely No Idea’ How North Korea Got Its Mercedes-Maybach Limos

Daimler, maker of top-end Mercedes-Maybach automobiles, is on the hot seat after North Korean leader Kim Jong Un was spotted scooting around in brand new armored limos at recent international summits. Sales of luxury automobiles to the despotic regime are banned under a UN Security Council resolution passed in 2013, and Daimler does not count […] The post Daimler Has ‘Absolutely No Idea’ How North Korea Got Its Mercedes-Maybach Limos appeared first on The Truth About Cars.
Tags: North Korea, Luxury, Kim Jong Un, Autos, Un, UN Security Council, Law And Order, Sanctions, Mercedes-benz, Daimler, Mercedes Maybach, News Blog, Mercedes Maybach Limos


Global auto slowdown drags down Mercedes-Benz maker

LONDON (AP) — German carmaker Daimler endured a weak start to the year, echoing trouble at other major manufacturers, as a global economic slowdown weighed on sales, particularly in the big Chinese market. The company said Friday that vehicle sales fell 4% to 773,800 units, with demand for its signature Mercedes-Benz luxury cars down slightly […]
Tags: Business, London, News, Ap, Nation, Daimler, Mercedes Benz


Daimler says it has no idea how Kim Jong Un got his limos

TOKYO (AP) — German automaker Daimler, which makes armored limousines used by North Korean leader Kim Jong Un, says it has no idea where he got them and has no business dealings with the North. Kim has raised eyebrows by using Daimler-branded stretch limousines at several very high-profile summits, including his meeting this week with […]
Tags: Business, News, Ap, Nation, Kim Jong Un, Tokyo, Daimler, Nation & World, North Kim