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TOKYO, Japan (AFP) — Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 billion euros ($1.4 billion), following a similar move by its French partner Renault. The Japanese automaker has been trying to become profitable again and recover from the reputational damage caused by the departure of its now-fugitive former leader Carlos Ghosn. Nissan said the divestment will allow it to “further strengthen and […]
BERLIN, Germany (AFP) — Daimler has approved settlements worth $2.2 billion over emissions cheating software in its diesel vehicles in the US, the German carmaker said Thursday. The company has “reached an agreement in principle with various US authorities to settle civil and environmental claims regarding emission control systems of approximately 250,000 diesel passenger cars and vans in the United States,” it said in a statement. The agreement includes $1.5 billion to be paid to US […]
FRANKFURT AM MAIN, Germany (AFP) — German automobile group Daimler said Tuesday it was partnering with Sweden’s Volvo to make hydrogen batteries for trucks, as car giants accelerate a push to wean vehicles from fossil fuels. The joint venture between the two, valued at 1.2 billion euros ($1.3 billion), is “a milestone in bringing fuel cell powered trucks and buses onto our roads,” said Daimler Truck chairman Martin Daum. “By forming this joint venture, we […]
by Michelle FITZPATRICK Agence France-Presse FRANKFURT AM MAIN, Germany (AFP) — German carmakers came under fire Monday following revelations they helped finance experiments that saw humans and monkeys exposed to diesel fumes that have been linked to asthma, lung diseases and heart attacks. The disclosures sparked widespread outrage, led by Chancellor Angela Merkel who strongly condemned the latest controversy to engulf the nation’s powerful but scandal-tainted auto industry. “These tests on monkeys or even humans […]
DETROIT, United States (AFP) — The chief executive of Daimler said Monday at the Detroit auto show that his company cannot currently guarantee it can meet tougher European CO2 emissions standards taking effect in several years. Dieter Zetsche, CEO of the maker of Mercedes-Benz luxury vehicles, told reporters he “can’t guarantee” to meet tightening emission standards in 2021. “It’s a huge challenge for everyone,” he told AFP later in an interview. “We will make it. […]
FRANKFURT AM MAIN, Germany (AFP) — German carmaker Daimler on Thursday delivered its first fully electric lorries to companies in Europe, as the global race to mass produce the first generation of “green trucks” heats up. Among the first customers for Daimler’s Fuso eCanter light-weight truck was express delivery service DHL, which said it would use its six vehicles to navigate Berlin’s inner city traffic. The keys to eight other eCanter trucks were handed over […]
Daimler shares are marked down sharply on news of a probe into the Mercedes parent company’s emissions. The carmaker’s also taken a hit from a 9% drop in Q1 operating profits.
The race for being the first car maker to offer true autonomous driving just hit the fast lane as Mercedes-Benz unveiled its futuristic F 015 concept at the annual Consumer Electronics Show in Las Vegas. Daimler Chief Executive Officer Dieter Zetsche, introduced the fuel-cell powered luxury car at the automaker’s keynote address on Monday evening (January 05). The car’s arrival on stage drew applause from the standing room only crowd as the doors of the […]
(Reuters) – Daimler AG (DAIGn.DE) said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc (TSLA.O). The stake sale comes as a surprise, even though the Stuttgart-based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged. Tesla declined to comment. In a statement, Daimler Chief Financial Officer Bodo Uebber said, “We are extremely satisfied with the […]
