Key Developments: Daimler AG (DAIGn.DE)

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Latest Key Developments (Source: Significant Developments)

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

Daimler AG and Aston Martin Lagonda Ltd sign technical partnership agreements
Thursday, 19 Dec 2013 07:05am EST 

Daimler AG and Aston Martin Lagonda Ltd:Says they have signed an agreement for a significant technical partnership between Daimler AG, Mercedes-AMG GmbH, a subsidiary, and Aston Martin.Says the technical partnership will allow Mercedes-AMG and Aston Martin to develop bespoke V8 engines supporting Aston Martin's launch of a next generation of models that will incorporate cutting edge technology and newly-developed engines, combining high performance and fuel efficiency.Says Daimler will receive up to five pct non-voting shares in Aston Martin without cash consideration in several steps following the progress of the technical partnership.Says at the same time, the company will receive an observer status on the Aston Martin Holdings board.  Full Article

Lagardere , Daimler and seven Airbus executives sent for trial for alleged insider trading-Agence France Presse
Sunday, 1 Dec 2013 07:00pm EST 

Lagardere SCA:Lagardere SCA and Daimler AG have been sent for trial in France for alleged insider trading in the sale of shares in aerospace and defense group EADS NV - Agence France Presse.According to judicial sources, a number of EADS NV's Airbus executives are also to face the trial, namely John Leahy, current COO for customers, Noel Forgeard, former Joint Chairman, Andreas Sperl, former Financial Director, Jean-Paul Gut, Alain Flourens, Erik Pillet and Olivier Andries.Lagardere SCA and Daimler AG are alleged to have sold 7.5 percent stakes in EADS NV in early 2006 in the knowledge that Airbus was encountering problems with the production of its A380 super jumbo aircraft.France's stock market regulator AMF carried out an investigation into the conduct of Lagardere SCA, Daimler AG and 17 EADS NV executives and concluded in 2009 that there was no evidence any of the shareholders had sought financial advantage through the illegal use of privileged information.APPAC, a group of small investors, subsequently registered a criminal complaint that led to a full-blown probe by examining magistrate.Lagardere SCA and Daimler AG both protest their innocence.  Full Article

Linde AG, Air Liquide SA, Daimler AG, OMW AG, Total SA's Total Deutschland GmbH and Royal Dutch Shell PLC's German Shell Holding Agree on Construction of Hydrogen Refuelling Network in Germany
Monday, 30 Sep 2013 07:06am EDT 

Linde AG (Linde) announced that the six partners in the 'H2 Mobility' initiative, Air Liquide SA, Daimler AG, Linde, OMV AG, Royal Dutch Shell PLC's German Shell Holding and Total SA's Total Deutschland GmbH, have set up upon a specific action plan for the construction of a nationwide hydrogen refuelling network for fuel cell-powered electric vehicles. By the year 2023 the current network of 15 filling stations in Germany's public hydrogen infrastructure shall be expanded to about 400 H2 filling stations. As a first step the deployment of 100 hydrogen stations in Germany over the next four years is intended. This would ensure a need-related supply for fuel cell-powered electric vehicles to be introduced into the market in the next years. An agreement in principle has been signed by representatives of all the partners involved. In addition to plans for a nationwide filling station network, the agreement includes the principles for the procurement and distribution of the necessary hydrogen and a request for support to the German Federal Government. Following the foundation of a joint venture (subject to necessary regulatory approvals), gradual expansion of the national filling station network will commence next year. The 'H2 Mobility' initiative expects that a total investment of around EUR 350 million will be required for this project. The launch of fuel cell-powered production vehicles on the German market has been announced by first manufacturers for 2015.  Full Article

Renault SA-Nissan to Launch Car Based on Technology from Daimler AG's Mercedes-La Tribune
Thursday, 8 Aug 2013 08:00pm EDT 

La Tribune reported that Renault SA-Nissan is to launch a compact sedan based around technology from Daimler AG's Mercedes. The Infiniti Q30 Concept will be launched in September at the Frankfurt motor show. The use of Mercedes technology is a result of the partnership agreement signed between Renault SA-Nissan and Daimler AG in 2010.  Full Article

Daimler AG's Mercedes-AMG GmbH And Aston Martin Lagonda Ltd. To Enter Technical Partnership
Thursday, 25 Jul 2013 05:05am EDT 

Daimler AG announced that its subsidiary Mercedes-AMG GmbH and Aston Martin Lagonda Ltd. intend to enter a technical partnership. A corresponding Letter of Intent has been signed. Essential elements of the planned partnership are supply agreements between Mercedes-AMG, Mercedes-Benz Cars and Aston Martin. Mercedes-AMG will supply Aston Martin with engines, while Mercedes-Benz Cars will provide the British luxury sports car manufacturer with e/e (electric/electronic) components for Aston Martin's future models. In addition to those agreements, Daimler will receive up to 5% equity in Aston Martin without cash consideration in several steps following the progress of the technical partnership. At the same time, the Company will receive an observer status in the Board of Management of Aston Martin. Based on the Letter of Intent, both parties have the intention to work towards signing of definitive agreements during the second half of the year. The overall transaction is subject to the conclusion on definitive agreement and applicable regulatory approvals, if required.  Full Article

Daimler AG Confirms FY 2013 EBIT Guidance and Updates on H2 FY 2013 EBIT Forecast
Friday, 12 Jul 2013 08:11am EDT 

Daimler AG announced that it still expects its fiscal year 2013 EBIT outlook to remain unchanged. On the basis of the unchanged assumptions for the further development of markets and the ongoing growth initiatives and efficiency programs, the Company continues to assume that EBIT in the second half (H2)of the fiscal year 2013 will be higher than in the first half (H1) of the fiscal year 2013.  Full Article

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Daimler increases provision for EU cartel probe

FRANKFURT - Germany's Daimler said on Thursday it was setting aside an additional 600 million euros ($740 million) to cover potential costs related to an antitrust investigation into truckmakers by the European Commission.

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