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March 31, 2014
12:23 EDTDDAIFDaimler, partner to double production in China, Reuters reports
Germany's Daimler (DDAIF) and Beijing Automotive Industry Corp plan to spend EUR1B to more than double car production by their joint venture next year, according to Reuters. Reference Link
News For DDAIF From The Last 14 Days
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May 6, 2015
06:28 EDTDDAIFDaimler gets license to test driverless trucks, Reuters reports
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06:21 EDTDDAIFFacebook could be potential buyer of Nokia Here service, TechCrunch reports
Facebook (FB) quietly signed a deal with Nokia (NOK) under which Nokia's Here mapping service will power maps on Facebook's mobile web version, TechCrunch reports. Facebook is additionally running a test for Here to power location in Instagram and Messenger, the publication says. Sources say Facebook is a potential buyer of Nokia's Here unit, which has an estimated value of $2B; other potential buyers for Nokia Here may include Apple (AAPL), Samsung (SSNLF), Baidu (BIDU), Alibaba (BABA), Tencent (TCEHY), Yahoo (YHOO) and a car consortium, the sources say. Reference Link
May 5, 2015
12:46 EDTDDAIFBaidu, German carmakers prepare bid for Nokia's map service, WSJ says
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April 28, 2015
05:49 EDTDDAIFDaimler AG sees FY15 EBIT to be 'significantly' higher than previous year
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05:49 EDTDDAIFDaimler AG reports Q1 net profit EUR 2.05B vs. 1.09B
Reports Q1 revenue up 16% to EUR 34.24B, vs. EUR 29.46B. Reports Q1 unit sales up 13% to 641,600 vehicles. Mercedes-Benz Cars increased its sales by 18% to 459,700 vehicles, achieving its best-ever first quarter in terms of unit sales.
April 23, 2015
19:49 EDTDDAIFAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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