German luxury automaker Daimler on Friday again cut its profit outlook for 2018, warning that costs related to polluting diesel engines would drag down earnings.
Daimler chief executive Dieter Zetsche hinted Tuesday that the German carmaker must downsize under its new boss if it is to stay competitive in an industry that is shifting gears fast.
German high-end carmaker Daimler said Wednesday that it plans to replace long-serving chief executive Dieter Zetsche next year, setting up a Swedish successor to take the helm of the Mercedes-Benz parent company.
The EU opened an in-depth probe into alleged collusion by major German carmakers over anti-pollution technology Tuesday, a fresh blow to the scandal-hit industry three years after the notorious "dieselgate."
German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury cars, and recalls and ...
German luxury carmaker Daimler on Wednesday cut its profit forecast for 2018, blaming new tariffs on cars exported from the United States to China, amid lingering fears of a trade war between the world's biggest economies.
Germany ordered Monday the recall of some 774,000 vehicles from Mercedes-Benz maker Daimler across Europe, citing illegal "defeat devices" designed to conceal high levels of harmful emissions from regulators' tests.
Chinese billionaire Li Shufu has bought a near 10-percent stake in Mercedes-Benz maker Daimler, making him the German group's largest single shareholder, a stock market filing showed Friday.
UPS says it will soon start using electric delivery trucks that cost the same as conventional diesel- or gas-fueled ones.