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Renault Says Factory Restructuring In France Will Take Place Between 2022 And 2024
Renault Interim CEO Says French Aid Should Be In Place Shortly
Rolls-Royce And Daimler Truck AG Plan Cooperation On Stationary Fuel-Cell Systems
Daimler AG (Daimler) is a Germany-based automotive engineering company. The Company engages in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Its segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, and small cars under the smart brand, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans sells vans under the brand name Mercedes-Benz and the Freightliner brand. The Daimler Buses segment sells completely built-up buses under brand names, including Mercedes-Benz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands worldwide.
Auto & Truck Manufacturers
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Head of Mercedes-Benz Cars, Chief Executive Officer
Independent Vice Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Head of Finance, Controlling and the Daimler Financial Services Division
Renata Jungo Bruengger
Member of the Management Board, Head of Integrity and Legal Affairs
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Mercedes plans to stay in Formula One for years to come, parent company Daimler has said after renewed speculation about the world champions' future and the intentions of team principal Toto Wolff.
Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
German luxury automaker Daimler on Monday announced tougher carbon emissions targets, saying it aimed to reach carbon dioxide-neutral production of passenger cars worldwide by 2022.
China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG, its Chairman Li Shufu said on Friday.
The Competition Commission of South Africa:
Daimler AG <DAIGn.DE> said on Friday it will idle its Mercedes-Benz sport utility vehicle assembly plant in Alabama next week because of a parts shortage.
Daimler AG said on Friday it will idle its Mercedes-Benz sport utility vehicle assembly plant in Alabama next week because of a parts shortage.
The Daimler-BAIC joint venture's view on the Chinese auto market this year is "moderately positive" based on its April sales performance, the partnership's CEO said on Wednesday.
Volkswagen <VOWG_p.DE> and Daimler <DAIGn.DE> on Wednesday urged the German government to help boost demand for cars as the coronavirus pandemic hammered first-quarter profits and forced both carmakers to drop their outlooks for the year.
Daimler said it expected the full-year operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level but warned that the coronavirus pandemic will push the group to an operating loss in the second quarter.
* CFO SAYS CARMAKER CURRENTLY STANDS BY ITS DIVIDEND PROPOSAL
Daimler on Wednesday warned the carmaker faces a difficult second quarter as it hiked credit risk provisions to anticipate rising delinquencies among customers who leased or bought Mercedes-Benz passenger cars.
Daimler said it expected the operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level, even as the corona pandemic forced the Stuttgart-based car and trucks maker to abandon its outlook earlier this month.
Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday.
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.
German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78% to 617 million euros, following disruptions caused by the coronavirus pandemic.
* DGAP-ADHOC: DAIMLER AG: PRELIMINARY RESULTS FOR THE FIRST QUARTER 2020 AND OUTLOOK FOR THE FINANCIAL YEAR 2020
Mercedes-Benz is ramping up engine production at its plant in Bad Cannstatt, Stuttgart, this week after Germany eased lockdown measures in a sign Europe's largest economy is getting back to work after the coronavirus brought the country to a standstill.
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.
The 'FREE NOW' taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled plans to merge with French app Kapten.
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