Posts filtered by tags: Daimler AG[x]


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 Maker Sets A New Standard For Auto Industry Climate Targets, Yet Still Falls Short

Mercedes-Benz owner Daimler AG has set the most ambitious target of any majorautomaker to cut its planet-warming emissions, promising a fully carbon-neutral fleet of passenger cars by 2039
Tags: Science, Mercedes Benz, Daimler AG

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

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

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

Mercedes-Benz exec reveals why Chinese society demands 7 seats in a car

Mercedes-Benz introduced the GLB compact SUV concept at the 2019 Shanghai auto show. The GLB is a seven-seat compact crossover SUV. According to Mercedes, the Chinese market demands sevens seats in a crossover, even if it's of the compact variety. Mercedes-Benz sales boss Britta Seeger told reporters at the 2019 New York auto show that its demand is driven by the fact that several generations of a single family will often live together. Which means they'll often need to travel together in one ...
Tags: Facebook, New York, China, Singapore, US, America, Trends, Shanghai, Volkswagen, Honda, Mitsubishi, Mercedes, Kia, New York Auto Show, Changi Airport, Mercedes Benz

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

100 Car2go Mercedes hijacked in Chicago crime spree

Car2go, free-floating car-sharing service owned by Daimler, temporarily shut down its service in Chicago on Wednesday after dozens of Mercedes-Benz vehicles were stolen using the app. The Chicago Police Department was alerted by Car2Go that some of their vehicles may have been rented by deceptive or fraudulent means through a mobile  app, a spokesperson wrote in an emailed statement to TechCrunch. The news was first reported via tweet by Brad Edwards, a reporter with CBS Chicago. Edwards re...
Tags: Startups, TC, Transportation, Law Enforcement, Chicago, Automotive, Reporter, Carsharing, Daimler, Mercedes Benz, Mercedes Benz CLA, Chicago Police Department, Daimler AG, BMW Group, CPD, Car2go

Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment

Sila Nanotechnologies and its battery materials manufacturing technology are now worth over $1 billion. The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material to supply the equivalent of 50 megawatts of lithium ion batteries, according to Sila Nano’s chief executive officer Gene Berdichevsky. That ...
Tags: TC, Electric Vehicle, California, Chief executive officer, Tech, Smart, Transport, Automotive Industry, Bmw, Siemens, Energy Storage, Mercedes Benz, General Electric, Daimler, Sutter Hill Ventures, Bessemer Venture Partners

Sila Nano pulls in $170 mln Series E

Alameda, California-based Sila Nanotechnologies, a next-generation battery materials company, has secured $170 million in Series E funding. Daimler AG led the round with participation from 8VC, Bessemer Venture Partners, Chengwei Capital, Matrix Partners, Siemens Next47 and Sutter Hill Ventures. In addition to its funding, Daimler’s Alex Nediger and Jeff Immelt, former CEO of General Electric, will join Sila Nano’s board. Source:
Tags: Trends, General Electric, Daimler, Sutter Hill Ventures, Daimler AG, Jeff Immelt, Alameda California, VC Deals, Sila Nanotechnologies, Sila Nano, Alex Nediger

VW, BMW and Daimler Hindered Clean-Air Technology, European Regulator Says

The German automakers colluded to prevent the development of emissions-cleaning technology in violation of antitrust rules, the European Commission found.
Tags: Europe, News, Germany, European Commission, Vestager, Volkswagen AG, Daimler AG, Margrethe, Regulation and Deregulation of Industry, Antitrust Laws and Competition Issues, Fines (Penalties, Fuel Emissions (Transportation, Bayerische Motorenwerke AG, VW BMW, Daimler Hindered Clean Air Technology

German automaker Mercedes opens new Russia factory

BERLIN (AP) — Germany’s Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs. CEO Dieter Zetsche said Wednesday the Moscow-area plant will produce Mercedes sedans and SUVs for the local market, and is part of a strategy to move […]
Tags: Business, News, Germany, Russia, Berlin, Ap, Nation, Moscow, Mercedes, Daimler AG, Dieter Zetsche

Search giant Baidu has driven the most autonomous miles in Beijing

While the public is asking, “When are we going to ride in autonomous cars?” Technology companies have been moving apace to test them on designated roads. In China’s capital city Beijing, eight firms drove a total of 153,600 kilometers (95442.6 miles) through their autonomous fleets in 2018, and Baidu, the country’s largest search engine service seen as a local answer to Google, has built a big lead. That’s according to new data released by Beijing’s transportation regulators in their first re...
Tags: Google, Transportation, Asia, California, China, Nokia, Tech, Intel, Artificial Intelligence, Beijing, Ford, Automation, Shanghai, Tencent, Search Engine, Driving

Shades of Tomorrow: Mercedes-Benz’s ‘In-Car Gaming Challenge’

The Mercedes-Benz-sponsored “In-Car Gaming Challenge” isn’t exactly breaking news. Daimler made the announcement almost a week ago, with the story only gaining traction online thanks to a slower-than-usual news cycle. Frankly, we originally planned to ignore the topic entirely — until we realized no one discussed the broader implications. That probably sounds more ominous than […] The post Shades of Tomorrow: Mercedes-Benz’s ‘In-Car Gaming Challenge’ appeared first on The Truth About Cars.
Tags: Video Games, Autos, Mercedes Benz, Daimler, Daimler AG, News Blog, MBUX, Automotive Apps

Daimler Trucks buys a majority stake in self-driving tech company Torc Robotics

Daimler Trucks just announced that it’s acquiring a majority stake Torc Robotics, a deal that will see the two companies collaborating on the development of Level 4 self-driving trucks. Daimler Trucks is the world’s largest truck manufacturer and a division of the larger Daimler Group. Torc, meanwhile, was founded in 2005. For most of its history, it specialized in self-driving software and sensors for commercial, industrial and military use, before recently shifting its attention to consumer ve...
Tags: Startups, Automotive, Self-driving Trucks, Daimler, Daimler Trucks, Daimler AG, Michael Fleming, Blacksburg Virginia, Transdev, TORC, TORC Robotics, Martin Daum, Daimler Group Torc

Daimler nears deal to sell half its Smart unit to China's Geely - Financial Times

Daimler AG is nearing the sale of a 50 percent stake in its small-car brand Smart to China's Geely Automobile Holdings Ltd, the Financial Times said on Tuesday, citing three people familiar with the matter.
Tags: Money, China, businessNews, Financial Times, Daimler, Daimler AG, Geely Automobile Holdings Ltd, Geely Financial Times

Smart’s in Danger, and Not Just in North America

According to a report out of Germany, we’ll know by the end of the year whether Daimler AG intends to keep its Smart city car division alive. Created a quarter century ago, Smart’s focus on microscopic urban runabouts like the Fortwo gave way to a plan to go all-electric in Europe by 2020, two years […] The post Smart’s in Danger, and Not Just in North America appeared first on The Truth About Cars.
Tags: Europe, Germany, Smart, Electric Vehicles, Autos, North America, EVs, Daimler, Daimler AG, News Blog, Product Planning, Smart ForTwo

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East: Reuters

SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem. The long-expected agreement ends more than nine months of start-and-stop negotiations between the two companies and hands...
Tags: Uber, Europe, Russia, Southeast Asia, India, San Francisco, Trends, Tech, Turkey, Middle East, Dubai, M&a, New York Stock Exchange, DCM, Latin America, Careem

COOL HUNTING’s Josh Rubin, A$AP Rocky and Gorden Wagener at SXSW

At SXSW, our founder and EIC Josh Rubin moderated a conversation between Mercedes-Benz parent company Daimler AG’s chief design officer Gorden Wagener and hip-hop artist and fashion designer A$AP Rocky—who also has worked with MB. The three discussed cars, music, branding, culture and more—all through the lens of design. Referencing his most recent album, Testing, Rocky said, “People such as myself and other artists are …
Tags: Music, Design, Culture, Mercedes Benz, Conferences, Asap Rocky, EIC, Sxsw, Workshops, Daimler AG, AP Rocky, Gorden Wagener, Josh Rubin, Panel Discussions

BMW Group & Daimler AG Partner For Autonomous Driving Technology

The partnership will focus on next-generation autonomous technology.  BMW and Daimler say they may partner with other companies along the way. The BMW Group and Daimler AG are partnering for a number of autonomous driving initiatives. The companies say they are looking to advance the development of next-generation driver assistance systems and autonomous driving, including up to SAE Level 4. Both have signed a Memorandum of Understanding to jointly develop this and other new technologies relat...
Tags: Germany, Munich, Autos, Bmw, Autonomous Cars, Daimler, Mercedes Benz, Daimler AG, BMW Group, BMW AG, Board of Management of Daimler AG, Ola Kallenius, Harald Krüger, Car News, Board of Management, Källenius

Amazon launches new tools that allow brands to proactively fight counterfeiting

Amazon this morning announced a new initiative focused on reducing counterfeiting on its site called Project Zero – a name that references Amazon’s lofty goal of driving counterfeit sales to zero. The program will take advantage of Amazon’s technology, including machine learning capabilities, combined with brands’ own knowledge of their intellectual property in order to automatically and continuously scan Amazon’s store to identify and proactively remove violations, among other things. Brands...
Tags: Apple, Amazon, TC, Ecommerce, Legal, Shopping, US, Brands, Tech, E-commerce, Online Shopping, Commerce, Lawsuits, Machine Learning, Counterfeit, Daimler AG

ATX Seed Ventures Raises Second Investment Fund of $32 Million

Austin—ATX Seed Ventures has closed a $32 million investment fund, the firm’s second. ATX invests in early-stage software, Internet of Things, e-commerce, and mobile application startups.Founded in 2014, ATX Seed Ventures says it now has $60 million in assets under management and has invested in 26 companies, including startups like Everfest, Pensa Systems, and Ridescout. The Austin-based firm is already making plans for a third fund, for which it hopes to raise $100 million, according to a spo...
Tags: Startups, Mobile, Internet Of Things, Texas, Technology, Microsoft, Funding, Trends, Startup, Tech, Investing, Investment, E-commerce, Mobile Apps, Software, Austin

Mercedes-Benz develops blockchain pilot to find better third-party suppliers

Mercedes-Benz is launching yet another blockchain pilot. After running various blockchain trials in the past, the car manufacturer, owned by Daimler AG, has partnered with Icertis, a contract management software provider for enterprise businesses. According to a statement, the pilot will look at how blockchain technology can help with the documentation of contracts in the supply chain, helping Daimler to vet third-party suppliers accordingly. As part of the procurement process, suppliers are typ...
Tags: Startups, Daimler, Blockchain, Mercedes Benz, Daimler AG, Hard Fork

Daimler and BMW invest $1.1 billion in urban mobility services

Daimler AG and BMW Group officially agreed to merge their urban mobility services into a single holding company back in March 2018 with a 50 percent stake each. And now, they want to unify their services under 5 categories by creating 5 joint ventures — Reach Now, Charge Now, Park Now, Free Now and Share Now. Both automakers plan to invest $1.1 billion (€1 billion) to foster those urban mobility services over the coming years. There are already 60 million people using one of the 14 services c...
Tags: Europe, Collaborative Consumption, Tech, Automotive, Portland, Bmw, Seattle, Daimler, Daimler AG, BMW Group, Harald Krüger, Drivenow, Kapten, Reach Now Charge Now Park Now Free Now, Free Now

Frenemies: BMW and Daimler Team Up on Mobility, Remain Foes in the Showroom

As the marketplace evolves and the rise of “mobility” threatens to lock laggard automakers out of new revenue streams, old rivals are coming together to get out ahead of the competition. Take BMW and Daimler, for example. The German companies, normally embroiled in high-end sales combat, have cosied up to each other in recent years. […] The post Frenemies: BMW and Daimler Team Up on Mobility, Remain Foes in the Showroom appeared first on The Truth About Cars.
Tags: Autos, Mobility, Bmw, Daimler, Joint Ventures, Daimler AG, Corporate Partnerships, News Blog, Reach Now, Share Now

Why Daimler moved its big data platform to the cloud

Like virtually every big enterprise company, a few years ago, the German auto giant Daimler decided to invest in its own on-premises data centers. And while those aren’t going away anytime soon, the company today announced that it has successfully moved its on-premises big data platform to Microsoft’s Azure cloud. This new platform, which the company calls eXtollo, is Daimler’s first major service to run outside of its own data centers, though it’ll probably not be the last. As Daimler’s head...
Tags: Cloud, Asia, Europe, Enterprise, Microsoft, Developer, Big Data, Cloud Computing, Tech, Data, Analytics, Encryption, Artificial Intelligence, Information Technology, Computing, Daimler

Uber competitor Chauffeur-Privé rebrands to Kapten

French company Chauffeur-Privé is going to expand aggressively over the next couple of years. That’s why the company is changing its name to Kapten — a name that sounds less French. “We wanted to share with you a very important piece of news,” Kapten co-founder and CEO Yan Hascoet said in a press conference. “We changed our name while keeping the same positioning.” Kapten is one of the leading ride-sharing players in France and recently launched in Lisbon (2 million users in France, 80,000 users...
Tags: Mobile, Apps, Europe, London, France, Collaborative Consumption, Tech, France Newsletter, Geneva, Lisbon, Chauffeur-privé, Daimler AG, BMW Group, Kapten, Yan Hascoet, Intelligent Apps Kapten

Trade war, diesel troubles buffet earnings at Daimler

FRANKFURT, Germany (AP) — Automaker Daimler AG says fourth-quarter net profit fell 49 percent to 1.64 billion euros ($1.87 billion) as the company’s Mercedes-Benz luxury car business was buffeted by diesel woes and global trade conflict. Revenue reported Wednesday rose 7 percent to 46.6 billion euros and the company said demand for its products remained […]
Tags: Business, News, Frankfurt, Daimler, Mercedes Benz, Germany AP, Daimler AG

U.S. judge lets most emissions claims against Daimler proceed

A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker's Mercedes diesel vehicles used illegal software to emit excess emissions.
Tags: Money, businessNews, Mercedes, Daimler, Daimler AG