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News Breaks | | | | October 17, 2012 | | 06:24 EDT |  | DDAIF | Daimler AG's Mercedes-Benz increases discount incentives, Bloomberg reports
The decline this year in Europe’s auto market is hitting Germany as auto manufacturers increase incentives to a two-year high, reports Bloomberg. Deals include a $3,900 trade-in incentive for Daimler AG's (DDAIF) Mercedes-Benz, equaling the price cut Renault SA is offering for the Megane, according to the automakers’ German websites. German discounts on new vehicles increased to an average 12.2% in September, the highest since 2010, according to trade publication Autohaus PulsSchlag. But incentives haven't attracted buyers. The decline in Germany, which accounts for 25% of the region’s auto market, may pull sales in Europe this year to the lowest level since 1993. Reference Link | |
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News For DDAIF From The Last 14 Days Check below for free stories on DDAIF the last two weeks. |
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| June 18, 2013 | | 06:04 EDT |  | DDAIF | Daimler AG upgraded to Buy from Hold at Natixis
| | | June 13, 2013 | | 11:55 EDT |  | DDAIF | Data shows NAV truck market struggled in May, says Wells Fargo
Wells Fargo says Ward's U.S. retail sales data for May shows that NAV continues to struggle with market share amid the engine technology transition. Class 8 truck market share for May dropped to 12.5% from 15.0% in April, with PACCAR (PCAR) and Volvo (VOLVY) gaining share and Daimler (DDAIF) losing share, Wells noted, citing Ward's data. | | | June 10, 2013 | | 12:45 EDT | | DDAIF | Daimler, Evonik consider selling e-car battery venture, WSJ says
 Subscribe for More Information | | | June 9, 2013 | | 17:10 EDT | | DDAIF | Daimler plans to cut IT spending by EUR150M each year, Reuters says
Subscribe for More Information | | | June 7, 2013 | | 07:10 EDT | | DDAIF | European auto industry worried about China trade duties, Reuters reports
The European auto industry (VLKAY, DDAIF, PEUGY) is concerned China could impose retaliatory trade duties on luxury cars imported from the EU, should the EU Commission not back down over unfair trade practices in China, reports Reuters. Reference Link | | | 06:10 EDT | | DDAIF | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 6, 2013 | | 08:22 EDT | | DDAIF | Daimler, BMW to skip summer production breaks, Bloomberg reports
Daimler (DDAIF) will not take its traditional summer breaks at most of its car factories with models like the revamped Mercedes-Benz E-Class keeping assembly lines busy even as European auto demand falls to a 20-year low, reports Bloomberg. BMW is also either preparing for new models or keeping plants churning out cars to meet demand. This contrasts with factory shutdowns and job cuts at such as PSA Peugeot Citroen (PEUGY) and Ford (F). Reference Link | |
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