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Stock Market & Financial Investment News

News Breaks
January 21, 2013
10:53 EDTDDAIFDaimler AG creates subsidiary for innovative mobility services
As part of its plan to significantly expand the mobility services business operations, Daimler Financial Services AG has created a subsidiary known as Daimler Mobility Services GmbH. The new company's headquarters are in Stuttgart. "Especially urban customers demand new and flexible mobility solutions and we want to offer these services to them accordingly. We want to be the first choice provider of innovative mobility services," said Daimler Financial Services CEO Klaus Entenmann to journalists on Monday.
News For DDAIF From The Last 14 Days
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September 1, 2015
12:49 EDTDDAIFMercedes-Benz USA reports August sales up 3.2% to 31,250 units
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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
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August 26, 2015
17:28 EDTDDAIFBAIC chairman says in talks to buy major stake in Daimler AG, Bloomberg says
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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
August 21, 2015
08:11 EDTDDAIFDaimler AG could collaborate with Google, Apple, Reuters says
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