German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20% tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit.
June 22, 2018daimler News Updates
German Auto Stocks Decline on Threat of 20% Tariff
Freightliner Unveils All-Electric eCascadia, eM2 Models
PORTLAND, Ore. — Freightliner Trucks introduced the first all-electric versions of its heavy-duty Cascadia and medium-duty M2 models here, a major step toward bringing a full lineup of electric trucks to the North American market.
June 6, 2018Daimler, Deutsche Telekom Settle Toll-Collection Dispute
Daimler AG and Deutsche Telekom AG agreed to a 3.2 billion-euro ($3.8 billion) deal with the German government, ending a spat over the clunky start of a system to collect truck tolls that had become one of the country’s longest-running legal disputes.
May 21, 2018Daimler Upbeat on Profit Outlook as Luxury Cars Offset Spending
Daimler AG struck an upbeat tone, calling for “slightly” higher 2018 earnings, as sales growth of its higher-priced Mercedes-Benz luxury cars such as the S-Class coupe helps offset record spending to develop electric vehicles.
April 27, 2018Alternative Fuels Will Grow, but Diesel Remains Go-To, Daimler Exec. Says
INDIANAPOLIS — Alternative fuels and green technologies will continue to evolve and secure their roles within the trucking sector, but diesel is still the most efficient and cost-effective fuel and will be for some time to come, Kary Schaefer, general manager of marketing and strategy for Daimler Trucks North America, told attendees at the Green Truck Summit here last week.
March 8, 2018Daimler Says Future Deals With Geely Hinge on China Partner BAIC
Daimler AG said future collaboration with its new largest shareholder Li Shufu will hinge on keeping the manufacturer’s existing Chinese partner on board.
March 6, 2018Daimler Throws Shade at Tesla as Truck Rivalry Heats Up
Daimler AG cast doubt on Tesla Inc.’s plan to deliver electric heavy trucks next year, saying its more modest goal to start selling battery-powered big rigs by 2021 is more realistic.
February 21, 2018Daimler AG Reports Record Sales in 2017
Diversified manufacturer Daimler AG reported it sold a record 3.3 million vehicles in 2017 — including a 13% increase in truck sales — as full-year revenue and earnings also peaked amid a strong fourth quarter.
February 1, 2018Cabovers Key to Daimler’s Strategy in Mexico
PUERTO VALLARTA, Mexico — The recent introduction of Class 6 and Class 8 cabover models to the Mexican market is a key part of Daimler Trucks Mexico’s strategy in its home market, and a competitive response to the segment’s growth in the country, the company’s president said.
November 29, 2017Truck Makers Point to Improving Market in 3Q
Truck makers highlighted growing demand for their equipment in third-quarter earnings reports even as they posted mixed results. One saw profitability slip but revenue climb, while two others reported an increase in net income and revenue.
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