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Daimler teams up with Volvo Trucks in fuel cell venture

FRANKFURT (Reuters) – Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation. Global car and truck makers are exploring way... More »

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Volvo and Daimler tie up to develop fuel cell for trucks

STOCKHOLM (Reuters) – Swedish truck maker Volvo (VOLVb.ST) said on Tuesday it had signed a deal with German rival Daimler (DAIGn.DE) to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles. Daimler will consolidate all its cu... More »

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Daimler warns on 2019 profit outlook as diesel issues bite

FRANKFURT (Reuters) – Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros, sending its shares lower on Monday. Group earnings before interest and tax this year are ... More »

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Daimler gets green light for self-driving vehicle tests in Beijing

BEIJING (Reuters) – China’s capital city has given the green light to German auto maker Daimler AG to test self-driving cars on real roads, making it the first international car maker to be granted such a license in Beijing, the company said on Friday. Beijing... More »

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Geely’s Li Shufu is betting billions on global push

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Li Shufu, chairman of Chinese carmaker Geely, is making wa... More »

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Geely covets Daimler tech with $9 billion stake, shares surge

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo HONG KONG/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd’s (0175.HK) shares... More »

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Software may have helped Daimler pass U.S. emissions tests: report

The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle BERLIN (Reuters) – U.S. investigators probing Mercedes maker Daimler (DAIGn.DE) have found that its... More »

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Daimler open to alliances, partial listing of mobility services

Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »

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Daimler invests in smartphone-based vehicle finance app AutoGravity

Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Daimler (DAIGn.DE) said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leas... More »

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Daimler to focus Smart brand on electric cars in U.S., Canada

Mercedes introduces the 2017 Smart electric car at the 2016 Los Angeles Auto Show in Los Angeles, California, U.S November 16, 2016. REUTERS/Lucy Nicholson Daimler (DAIGn.DE) will stop selling combustion engine Smart cars in the United States and Canada and fo... More »

Daimler should make e-car components to protect jobs: labor boss

The Mercedes S500e is presented during the media day at the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 16, 2015. REUTERS/Kai Pfaffenbach/File Photo Daimler should avert possible job losses resulting from the expected substitution of conventiona... More »

Daimler plans at least six electric car models: source

The Mercedes B-Class Electric Drive is presented during the media day at the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 16, 2015. REUTERS/Kai Pfaffenbach/File Photo German carmaker Daimler (DAIGn.DE) plans to roll out at least six, and possibly... More »

Mercedes-Benz gives luxury coupe a spin ahead of California show

FRANKFURT Mercedes-Benz gave a sneak preview of a new ultra luxury coupe on Thursday in a sign that Daimler is continuing its push upmarket to turn up the heat on BMW, which owns the Rolls-Royce car brand. A tweet from the @MercedesBenz account teased a photog... More »