British engineering company Rolls-Royce said it would fund the purchase of German carmaker Daimler's 50 per cent stake of a jointly owned power systems company using cash and some borrowing.
Rolls-Royce said it had ample liqui
Daimler forecast a significant increase in profit this year as strong sales of its new luxury Mercedes-Benz models, such as the S-Class limousine, help it shake off past earnings disappointments.
Having dropped to third place in l
Daimler on Monday said a Luxemburg-based company named Aabar Holdings S.a.r.l., had raised its voting rights in Daimler to 6.77 percent.
Aabar Holdings, a subsidiary of Abu Dhabi-based Aabar Investments, had exceeded the ownership
Germany's Daimler said it will receive up to a 5 per cent stake in luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the 100-year-old British firm.
Aston Martin will team up wit
Dirk Fetzer will take the wheel as director sales and marketing at Daimler Middle East & Levant effective November 1.
He succeeds Frank Bernthaler who has moved to the Austrian market.
Fetzer will hit the road in his new ro
Germany's Daimler AG plans to start selling a self-driving car by 2020 as part of its campaign to regain the top spot among premium carmakers, its development chief said.
Carmakers and suppliers across the world are working on
General Motors and Daimler AG on Tuesday amped up the electric-car price war, announcing significant price cuts aimed at boosting demand in a still-sluggish segment of the US auto market.
GM slashed $5,000 from the price of its 20
German carmaker Daimler plans to build a new plant in Brazil as rising taxes on foreign vehicles make it more difficult to sell imported cars in the Latin American country, a report said.
Daimler's luxury brand Mercedes-Benz i
Daimler could follow its high-end German competitors into the market for premium subcompact cars, but it will have to keep its costs down and volumes up to make money off any future miniature Mercedes.
The Stuttgart-based maker of
Sweden's Volvo said it will surpass Daimler as the world's biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Company.
Volvo will pay 5.6 billion yuan ($900 million) f