Page 2 - Daimler

French carmaker Renault to sell its stake in Daimler to reduce debt

Renault said in a statement that it would sell its 16.45 million Daimler shares through a placement to qualified investors via an accelerated bookbuilding process

Daimler to spin off trucks in shift to electric, self-driving vehicles

Under the planned spin-off, a significant majority stake in Daimler Truck would be distributed to Daimler shareholders

Record deal wins offer revenue visibility for Infosys in next 3 quarters

While double-digit growth in FY22 is a given, near term margins could come under pressure

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Infosys shares gain nearly 3% after Daimler deal for IT infrastructure

Shares of Infosys closed with nearly 3% gains on Wednesday after the company said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation.

Daimler bags first order from Assam govt for 20 BharatBenz range of buses

: Daimler India Commercial Vehicles, a subsidiary of Stuttgart-based Daimler, on Friday said it has received its first order of 20 air-conditioned buses from the government of Assam. The flag-off ceremony of the new buses was done in the presence of Assam Chief Minister Sarbananda Sonowal and transport minister Chandra Mohan Patowary, a company statement said here. The 1017 (10T) AC BharatBenz buses would be used for airport services, city and intercity transportation. "We are delighted that we won the bid of Assam State Transport Corporation. This is our first major foray into the STU segment..", Daimler Bus India, CEO, Karl-Alexander Seidel said. The BharatBenz brand 1017 AC buses would provide "a safe and comfortable ride" for passengers using airport services, city and intercity transportation, he said. "We look forward to a mutually beneficial and long term relationship between ASTC and BharatBenz bus", he added. Assam State Transport Corporation Chairman Ashok

Southern Railway Chennai division's revenue from auto loading up 17% in Oct

Loads 10,004 cars on 43 rakes consisting of 1,151 wagons; earns revenue of Rs 11.8 crore in October

Mercedes-Benz Q3 margins rebound on China boost; rise to 9.4% from 7%

Daimler said its adjusted EBIT rose to 3.479 billion euros ($4.11 billion) in the quarter, up from 3.14 billion euros in the year-earlier period

Daimler diesel claims mount as more investors seek damages: Report

Plaintiffs have demanded almost 250 million euros ($296 million) in damages in one case alone and claims in three other cases totaled an additional 100 million euros

Volkswagen follows Daimler with green-bond cost savings in debut deal

The maker of VW and Audi brand cars sold 2 billion euros ($2.4 billion) of green bonds divided between eight-year and 12-year tranches

Mercedes-Benz cheated to evade emission norm, to pay $2.2 bn in settlements

In court documents, Daimler agreed to pay 250,000 owners up to $3,290 each to get polluting vehicles repaired and agreed not to oppose paying $83.4 million in attorneys fees and expenses

Mercedes-Benz may face German sales ban after Nokia wins patent ruling

Daimler, owner of the Mercedes-Benz brand, violated Nokia's mobile-technology patents in its cars, judges in Mannheim said Tuesday

Daimler to recall 300,000 Mercedes-Benz cars because of fire hazard

Making the adjustments to the busbar and the electrical wiring will take about 1 hour per car

Daimler, Volvo, other truckmakers win dismissal of $950-million Cartel suit

The ruling is a setback for the purchase model invented to make up for Germany's lack of of US-style class actions

CES 2020: Daimler steals the show with Avatar-inspired concept car

Oscar-winning director James Cameron joined Kallenius on stage at MGM Park Theater to debut the vehicle during the Consumer Electronics Show, now called CES, in Las Vegas

Daimler recalls 744,000 US Mercedes-Benz 2001-2011 cars for faulty sunroofs

Dealers will inspect the glass panel bonding and replace the sliding roof if necessary, the company said

Auto Expo 2020: Digital tilts the wheel as marquee brands plan to skip

Even as big auto brands plan to skip the 2020 Auto Expo, as many did two years ago, Chinese carmakers are stepping in to claim their spot

Daimler seeks majority control of its main China joint venture: Report

Daimler, which owns the Mercedes-Benz brand, declined to comment on its China expansion plans. BAIC did not respond to requests for comment.

Nokia, Daimler, others agree to mediation to resolve licensing dispute

Nokia's usual practice is to license its technologies at the car level, whereas Daimler says component makers should also be able to apply for them.

Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift

"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs