BMW CEO Wants to Keep Brand Image Intact, Says No to Daimler
13 May 2009, 12:48 UTC · By: Tudor Raiciu / BMW seem to have their minds set on keeping the partnership with Daimler as limited as possible. The company's CEO, Norbert Reithofer, joined BMW's CFO who said last week the company was ...
Daimler Prepares Job Layoffs for Japanese Truck Unit
13 May 2009, 09:47 UTC · By: Bogdan Popa / The economic recession is still putting pressure on companies involved in the automotive industry and, if you consider American automakers are not the best example, have a look at Daimler. The world...
Daimler Doesn't Want BMW to Stand Alone
8 May 2009, 16:05 UTC · By: Daniel Patrascu / In an earlier report today we brought you the thoughts of Friedrich Eichiner, BMW CFO who, speaking on the subject of today's developments in the automotive industries said that BMW is better o...
Daimler Reaches Agreement with Its Employee Council
28 Apr 2009, 15:44 UTC · By: Daniel Patrascu / Following the release of the financial report for the first quarter of 2009, which indicated a total EBIT loss of 1,426 million euro, Daimler has turned to cost cutting measures to prevent another d...
Chrysler: Daimler Withdrawal Benefits the Fiat Deal
28 Apr 2009, 15:38 UTC · By: Daniel Patrascu / As we reported earlier today, German manufacturer Daimler announced it will give up its 19.9 percent stake in Chrysler. Even if the reason why the Germans chose to do this is yet unclear, the move i...
The F-Cell Roadster on the Bertha Benz Memorial Route
28 Apr 2009, 09:41 UTC · By: Alina Dumitrache / The F-CELL Roadster, a fuel cell powered car, recently covered a small section of the Bertha Benz memorial route, the first long-distance journey in automobile history in August, 1888. Over the past...
Daimler Agrees to Cease Stake in Chrysler
28 Apr 2009, 07:25 UTC · By: Bogdan Popa / Daimler AG today announced that it has decided to unload its stake in Chrysler and erase all debts, "which were already written off in the 2008 financial statements". Furthermore, the Germ...
Mercedes Benz CL 500 Anniversary Edition
23 Apr 2009, 13:28 UTC · By: Daniel Patrascu / German manufacturer Mercedes is celebrating this year the 100th anniversary of its three pointed star emblem with a number of special editions of some of its models, including the CL500. This editio...
Mercedes Confirm F1 Future In Doubt
23 Apr 2009, 09:23 UTC · By: Ovidiu Panzariu / In a time when most car makers are planning to join the Formula 1 championship, German manufacturer Mercedes seems to do exactly the opposite. As confirmed by a member of the supervisory board of Da...
Daimler's Restructuring Plan
8 Apr 2009, 09:36 UTC · By: Daniel Patrascu / As is the case with all automotive manufacturers in these troubled times, Daimler is taking the necessary steps to safely come out of the economic Valley of Death. But unlike most of the others, who...
Mercedes to Discuss F1 Commitment This Week
6 Apr 2009, 15:02 UTC · By: Ovidiu Panzariu / German manufacturer Mercedes-Benz is reportedly reconsidering their position inside the Formula 1 championship following the latest lie-gate saga after the Australian Grand Prix. McLaren Mercedes F1...
Daimler to Cut Labor Costs by 2bn Euros
1 Apr 2009, 15:36 UTC · By: Daniel Patrascu / German manufacturer Daimler is holding talks with its union representatives to find a solution which will allow it to cut down some 2 billion euros in labor costs for the current year, Autonews repo...
Daimler car2go Campaign Goes to Texas in Autumn
26 Mar 2009, 16:45 UTC · By: Daniel Patrascu / An army of 200 smart fortwos cdi are currently stationed in the German city of Ulm, home of the tallest church in the world, are patiently awaiting residents and visitors to get behind the wheel and...
BMW and Daimler Seek Joint Purchasing in NAFTA
23 Mar 2009, 16:07 UTC · By: Daniel Patrascu / The economic crisis keeps pulling two of the German car manufacturers closer together, as they try to elude the effects of the downfall. After going as far as trying to swap 7 percent in shares, BMW...
Aabar Investment Becomes a Daimler Shareholder
23 Mar 2009, 09:43 UTC · By: Daniel Patrascu / Abu Dhabi based investment Aabar company became a shareholder in Daimler after acquiring new shares in the German manufacturer. The 1.95 billion euro investment (at the price of 20.27 euro/share) wi...
BMW-Daimler Cross Ownership Will Not Happen
18 Mar 2009, 07:46 UTC · By: Daniel Patrascu / The rumors that surfaced last week about BMW and Daimler seeking cross ownership in order to cut cost thus better coping with the economic crisis were confirmed today by Der Spiegel. Even so, this d...
Daimler Seeks Third Partner in Car Battery Alliance
16 Mar 2009, 16:20 UTC · By: Bogdan Popa / Last December, Daimler and German company Evonik joined forces to develop advanced batteries for cars that were initially supposed to be used on electric vehicles produced under the Mercedes-Benz an...
Daimler and BMW Seek Cross Ownership
9 Mar 2009, 08:17 UTC · By: Daniel Patrascu / As we reported in mid-February, two of Germany's premium car manufacturers intend to enhance the cooperation between them to help cope with the crisis. Daimler and BMW, the two companies in que...
Daimler Puts the Accent on Design
6 Mar 2009, 16:10 UTC · By: Daniel Patrascu / Even if times are tough and things don't seem to be back on track just yet, there are some in the automotive industry that still think ahead. Despite the fact that sales reports are discouragin...
Mercedes Reports 55 Percent EBIT Drop in 2008
2 Mar 2009, 08:32 UTC · By: Bogdan Popa / Taking into account the economic turmoil that occurred in the third and fourth quarter of 2008, the disappointing figures automakers are now reporting shouldn't amaze anyone. Mercedes is probab...