German car giant Daimler reported Thursday a slump in third-quarter profits, confirming a weaker 2018 outlook as it suffered lower sales and shouldered costs for refits to polluting diesel cars.
Business
Oct 25, 2018
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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.
Automotive
Oct 19, 2018
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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.
Automotive
Oct 2, 2018
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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.
Automotive
Sep 26, 2018
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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."
Automotive
Sep 18, 2018
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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 ...
Business
Jul 26, 2018
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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.
Business
Jun 21, 2018
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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.
Business
Jun 11, 2018
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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.
Business
Feb 23, 2018
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UPS says it will soon start using electric delivery trucks that cost the same as conventional diesel- or gas-fueled ones.
Energy & Green Tech
Feb 22, 2018
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