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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
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March 27, 2015
09:26 EDTDDAIFMercedes-Benz to launch pickup truck within five years, Reuters says
Daimler AG's Mercedes-Benz plans to launch a mid-size pickup truck within next five years, reports Reuters, citing company and spokesperson statements. Mercedes will roll out the vehicle in Latin America, South Africa, Australia and Europe but has not yet decided whether to launch in the U.S., said a spokesperson. The truck will be built by Daimler's van division, said the company. Reference Link

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