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Stock Market & Financial Investment News

News Breaks
May 28, 2014
06:32 EDTDDAIFDaimler AG to sell dozens of dealerships in Germany, Bloomberg says
Daimler AG is considering scaling back its domestic retail organization and selling dozens of dealerships in Germany to reach a profitability goal, reports Bloomberg. Citing unidenfied people at the carmaker, Daimler plans to sell 36 outlets in Germany that employ 1,500 people and is looking to shut down its Li-Tec battery-cell plant in Kamenz, Germany by 2016. Reference Link
News For DDAIF From The Last 14 Days
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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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