Daimler CEO Zetsche hands over to successor amid tech change

Europe 05/22/19, 03:44

Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm as the company faces challenges from the transition to electric cars and digital transportation technologies.Zetsche received prolonged applause from shareholders at the company's annual meeting in Berlin on Wednesday until he made the time-out ...

German automaker Mercedes opens new Russia factory

Europe 04/03/19, 08:05

Germany's Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs.CEO Dieter Zetsche said Wednesday the Moscow-area plant will produce Mercedes sedans and SUVs for the local market, and is part of a strategy to ...

BMW, Daimler: You can trust us with car-sharing data

Europe 02/22/19, 06:49

Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers customers app-based services like car-sharing.The two competitors for luxury car customers said Friday they are investing more than a billion euros (over $1.1 billion) in their ...

Trade war, diesel troubles hold back profit at Daimler

Business 02/06/19, 04:42

Automaker Daimler said Wednesday that its fourth-quarter net profit fell 49 percent to 1.64 billion euros ($1.87 billion) as the Mercedes-Benz luxury car business was buffeted by diesel woes and global trade conflict.Revenue rose 7 percent to 46.6 billion euros and the company said demand for its products remained strong.The ...

Diesel issues hit earnings at automaker Daimler

Europe 10/24/18, 22:11

German automaker Daimler said Thursday that net profit fell 21 percent in the third quarter as the company faced backlogs registering vehicles under new emissions rules and costs rose due to regulatory pressure over diesel emissions.Daimler's net profit fell to 1.76 billion euros ($2.01 billion) from 2.24 billion euros in ...

Daimler: CEO Zetsche to be succeeded by development head

Business 09/26/18, 04:49

Automaker Daimler says that CEO Dieter Zetsche will be succeeded next year by Mercedes-Benz development and research head Ola Kallenius.FILE - In This April 5, 2018 file photo Dieter Zetsche, CEO of the Daimler AG, speaks during the annual shareholders' meeting of the car maker in Berlin. Daimler AG said ...

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