New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 11, 2012
07:54 EDTDDAIFDaimler counting on production in Hungary, Businessweek reports
As Daimler’s (DDAIF) Mercedes-Benz seeks to regain the global luxury sales title it lost to BMW in 2005, production in Hungary at its new $1.07B factory, where wages are low, is key to its plans and profitability, reports Bloomberg Businessweek. Reference Link
News For DDAIF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 3, 2015
13:03 EDTDDAIFDaimler and Renault-Nissan break ground for new JV plant in Mexico
Daimler (DDAIF) and the Renault-Nissan (NSANY) alliance broke ground for their joint-venture manufacturing complex, COMPAS in Aguascalientes in central Mexico, which will build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti. The partners will invest a total of $1Bin the joint venture which will oversee the construction and operation of the state-of-the-art manufacturing plant. COMPAS will have an initial annual production capacity of more than 230,000 vehicles and will create about 3,600 direct jobs by 2020. Depending on the market development and customer demand, there will be the potential to add additional capacity. Production of Infiniti vehicles will begin in 2017, while the first Mercedes-Benz vehicles will roll off the line in 2018. In addition to the direct employment it provides, COMPAS is also expected to generate some 12,000 indirect jobs - largely due to a high localization rate which will significantly increase the Mexican supply base.
September 2, 2015
12:37 EDTDDAIFGerman carmakers win FTC approval to purchase Nokia's maps unit, Reuters says
BMW (BAMXY), Audi (AUDVF), and Daimler's (DDAIF) Mercedes-Benz have received U.S. antitrust approval from the FTC to purchase Nokia's (NOK) maps business for roughly EUR2.5B, Reuters reports. The deal was on the FTC's list of uncontroversial transactions that received approval from the FTC or DOJ, the report says. Reference Link
September 1, 2015
12:49 EDTDDAIFMercedes-Benz USA reports August sales up 3.2% to 31,250 units
Subscribe for More Information
August 31, 2015
12:54 EDTDDAIFDaimler to reduce Brazil Truck job hours instead of job cuts, Bloomberg reports
Daimler will scale back hours at its Brazilian truckmaking division by 20% instead of cutting jobs, Bloomberg reports. The agreement with local unions guarantees employment until August 2016, and the state of Brazil will compensate workers for roughly half of their lost pay, the report says. Reference Link
August 28, 2015
06:17 EDTDDAIFGerman car makers take hit in China, WSJ reports
Subscribe for More Information
August 26, 2015
17:28 EDTDDAIFBAIC chairman says in talks to buy major stake in Daimler AG, Bloomberg says
Subscribe for More Information
16:26 EDTDDAIFMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
August 24, 2015
07:15 EDTDDAIFDaimler to cut 1,500 truckmaking jobs in Brazil, Bloomberg reports
Daimler is cutting 1,500 jobs at its Brazilian truckmaking unit amidst lack of recovery for demand for commercial vehicles in the country, Bloomberg reports. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use