Key Developments: Daimler AG (DAIGn.DE)

DAIGn.DE on Xetra

15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Daimler AG's Mercedes launches CLA45 AMG-Business Standard
Wednesday, 23 Jul 2014 09:30am EDT 

Daimler AG:Says Mercedes Benz launched its compact performance sedan CLA 45 AMG-Business Standard.  Full Article

Daimler AG comments on H2 2014 EBIT guidance
Wednesday, 23 Jul 2014 01:45am EDT 

Daimler AG:Says that for H2 2014, it expects the EBIT from ongoing business above the level of the H1 2014.  Full Article

Renault-Nissan Alliance and Daimler AG expand cooperation with new plant in Mexico
Friday, 27 Jun 2014 10:10am EDT 

Renault-Nissan Alliance and Daimler AG:Expanding their cooperation with joint development of premium compact vehicles and joint production in Mexico.Says that their companies have agreed to establish 50:50 joint venture, business entity that will oversee construction and operation of new plant in Aguascalientes in north-central Mexico.New plant will be built in immediate vicinity of an already existing Nissan plant and will have an annual capacity of 300,000 vehicles when fully ramped up.Start of production is planned for 2017 with Infiniti models.Production of Mercedes-Benz brand vehicles will follow in 2018.Daimler and Nissan will share total investment cost for Aguascalientes of about one bln euros.Companies will add almost 5,700 jobs by the time the plant reaches full capacity, expected in 2021.In addition, high localization rate will significantly increase Mexican supply base.  Full Article

Daimler AG's DICV launched in Bangladesh-Business Standard
Tuesday, 10 Jun 2014 05:56am EDT 

Daimler AG:India Commercial Vehicles Pvt Ltd (DICV's) FUSO range of trucks was launched in Bangladesh-Business Standard.DICV, a 100 percent wholly owned subsidiary of Daimler AG.  Full Article

Daimler AG gives FY 2014 guidance; EBIT guidance above analysts' estimates - Conference call
Wednesday, 30 Apr 2014 07:30am EDT 

Daimler AG:Expects significant increase of sales in FY 2014.Says on basis of its current assumptions, the company also expect to significantly increase its Daimler group revenues, as well as EBIT from ongoing business in FY 2014.Reported revenue of 117.982 bln euros and EBIT of 10.815 bln euros in FY 2013.FY 2014 revenue of 125.392 bln euros and EBIT of 9.716 bln euros - Thomson Reuters I/B/E/S.  Full Article

Daimler AG unit Mercedes recalls about 284,000 cars in US, Canada over tail lights - Reuters
Tuesday, 29 Apr 2014 08:41am EDT 

Daimler AG:Daimler unit, Mercedes, is recalling about 284,000 of its C-Class sedans in United States and Canada because electrical issue could cause tail lights to dim or fail, according to company and documents filed with U.S. safety regulators - Reuters.Mercedes is recalling certain C300, C350 and C63 sedans from model years 2008 through 2011 as poor electrical ground connection could cause tail lights to dim or fail, raising risk of crash, according to documents filed with U.S. National Highway Traffic Safety Administration.Of cars recalled 252,867 were sold in United States, according to NHTSA documents.Daimler spokesman said rest of recalled cars were sold in Canada, and no other markets are affected.Spokesman said Daimler is not aware of any accidents or injuries related to issue.In 2009, Mercedes received five field reports in which loss of tail lamp was due to loss of electrical connection, but cause was unknown at that time and designated for further study, according to the NHTSA documents.Last year, NHTSA opened investigation into issue.NHTSA requested further information in March 2014, and in preparing to respond, Daimler decided to conduct recall.Dealers to replace bulb holders if not previously updated and replace any corroded connectors, according to NHTSA.Parts are now not available.Owners to be sent interim notification in June and second letter to be sent when parts are available, which is expected in August or September, according to NHTSA.  Full Article

Daimler AG to sell stake in joint venture Rolls-Royce Power Systems Holding Ltd to Rolls-Royce partner
Tuesday, 15 Apr 2014 08:00pm EDT 

Daimler AG:Announces that agreed with Rolls-Royce plc on valuation of Daimler’s 50-pct equity interest in joint venture Rolls-Royce Power Systems Holding Ltd.Both parties have determined fair market value of Daimler’s shares due to be acquired by Rolls-Royce at total of 2.43 billion euros.Transaction expected to close within this year.  Full Article

Daimler AG to merge distribution units in Romania-SeeNews - The Corporate Wire
Tuesday, 4 Mar 2014 07:00pm EST 

Daimler AG:Company plans to merge its Romanian distribution units Mercedes-Benz Romanian and EvoBus Romania-SeeNews - The Corporate Wire.Mercedes-Benz Romania will thus take over EvoBus Romania's operations including the sale of new and second hand buses and coaches and its retail operations.Company took the decision in order to make its sale and post-sale activities in Romania more efficient.Following the transaction, EvoBus will cease to exist as a different company.EvoBus Romania was founded in 2006.  Full Article

Daimler AG announces fiscal year 2013 dividend proposal
Friday, 7 Feb 2014 03:05am EST 

Daimler AG:Says that at the annual shareholders meeting to be held on Apr. 9, the board of management and the supervisory board will propose the distribution of a dividend of 2.25 euros per share for fiscal year 2013.Says it paid a dividend of 2.20 euros per share for fiscal year 2012.Says the dividend distribution amounts to 2,407 million euros and is equivalent to 35 percent of the net profit attributable to the company’s shareholders.  Full Article

Daimler AG's Romanian unit invests 40 million euros in assembling facility-SeeNews - The Corporate Wire
Thursday, 9 Jan 2014 07:00pm EST 

Daimler AG:Romanian subsidiary of Daimler AG, Star Transmission, opened a gearbox assembling unit for Mercedes-Benz vehicles, following an investment of nearly 40 million euros ($54.4 million)-SeeNews - The Corporate Wire.The assembling unit, which has an area of around 13,000 square meters, is located in Sebes, central Romania.Construction works on the facility lasted 10 months.The new unit employs 150 people who were trained in Germany for a year.Star Transmission operates another production unit in the country, in the central town of Cugir, which produces components for Mercedes-Benz car engines and transmissions.  Full Article

UPDATE 2-Daimler downgrades role of Mercedes factory chiefs

* To invest 3 bln euros to modernise German plants (Adds executive comment, background)

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