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News Breaks
April 21, 2014
06:26 EDTDDAIFDaimler, BYD to build all-electric vehicle for China, WSJ reports
Daimler has announced plans to build an all-electric vehicle with Chinese partner BYD, the Wall Street Journal reports. Denza, the new electric car, is entitled to subsidies from both the central and local governments in China. Reference Link
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May 22, 2015
08:57 EDTDDAIFNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTDDAIFGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 18, 2015
13:37 EDTDDAIFBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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May 8, 2015
09:47 EDTDDAIFBrookings Institute / U.S. State Dept to hold a discussion
Brookings and U.S. Department of State hold a discussion entitled, "Bringing Driverless Cars from Research to International Markets" with Jessica Altschul, Manager of Outreach & Innovation Policy at Daimler and Karl-Josef Kuhn, Head of Reliable Automation and Control at Siemens Corporate Technology on May 8 at 10 am. Webcast Link
09:03 EDTDDAIFBofA/Merrill auto analysts hold an analyst/industry conference call
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