Daimler AG (DAIGn.DE) Key Developments | Reuters.com
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Daimler AG (DAIGn.DE)

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Latest Key Developments (Source: Significant Developments)

Daimler AG - French unions to block 39-hour week at Smart plant - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Daimler AG:France's CGT and CFDT unions plan to oppose a return to a 39-hour week at German carmaker Daimler's Smart factory in eastern France despite a vote in favour by the majority of workers last week, a union representative said - Reuters.Out of 93 percent of staff at the Hambach plant that voted, 56 percent agreed to back management's plan to increase the working week from the 35 hours introduced by a socialist government in 2000 - Reuters.However, the unions represent 53 percent of the 800 employees and can refuse to sign a deal - Reuters.  Full Article

Daimler AG in talks with BAIC about stake, result unclear- Reuters
Thursday, 10 Sep 2015 07:38am EDT 

Daimler AG:CEO says Daimler is in talks with BAIC Motor about Chinese auto maker taking stake in German carmaker but it is unclear whether move will yield "concrete steps"- Reuters.  Full Article

Ten automakers are sued over keyless ignitions defendants include Daimler AG's Mercedes Benz - Reuters
Tuesday, 25 Aug 2015 08:00pm EDT 

Daimler AG:Ten of the biggest automakers were sued by consumers who claim they concealed the risks of carbon monoxide poisoning from millions of vehicles equipped with keyless ignitions - Reuters.The lawsuit attributed at least 13 deaths to the problem, which it said arises when people mistakenly leave their vehicles running after removing their key fobs, sometimes in garages, believing that doing so turns off the engines - Reuters.The defendants include BMW, Fiat Chrysler , Ford, General Motors, Honda, Hyundai and its Kia affiliate, Mercedes Benz, Nissan , Toyota and Volkswagen and its Bentley affiliate - Reuters.The Lawsuit was filed in the federal court in Los Angeles - Reuters.  Full Article

Daimler AG to cut another 1,500 jobs at Brazil truck plant - Reuters
Sunday, 23 Aug 2015 08:00pm EDT 

Daimler AG:Daimler said it was cutting another 1,500 jobs at a plant that makes tricks in Brazil in response to a slump in demand in the country, leading workers to declare an open-ended strike at the factory - Reuters.The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were notified on Friday, a spokesman for Daimler said on Aug.24.About 7,000 workers voted to strike at an assembly on Aug.24, according to the local metalworkers' union.  Full Article

Audi AG, BMW Group and Daimler AG agree with Nokia Corp on joint acquisition of HERE Digital Mapping Business
Monday, 3 Aug 2015 02:05am EDT 

Audi AG, BMW Group and Daimler AG:Have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE.Says acquisition is intended to secure long term availability of HERE's products and services as an open, independent and value creating platform for cloud-based maps and other mobility services accessible to all customers from the automotive industry and other sectors.Says three partners will each hold an equal stake in HERE; none of them seeks to acquire a majority interest.Subject to approval of the relevant antitrust authorities, transaction is expected to close in Q1 of 2016.  Full Article

Edenred and Daimler sign partnership deal in Brazil
Friday, 24 Jul 2015 12:30am EDT 

Edenred SA:Edenred and Daimler sign partnership deal in Brazil.Partnership to give Mercedes-Benz heavy vehicle customers in Brazil access to two services with single card.  Full Article

Daimler AG comments on FY 2015 outlook
Wednesday, 22 Jul 2015 08:00pm EDT 

Daimler AG:Assumes that Group revenue will increase significantly in FY 2015.On basis of anticipated market development and planning of divisions, assumes that EBIT from ongoing business will increase significantly in FY 2015.FY 2014 reported group revenue 129.9 billion euros.FY 2015 revenue estimate 143.4 billion euros - Thomson Reuters I/B/E/S.  Full Article

Daimler AG's Daimler Trucks North America Agrees to Pay $40,000 in EEOC Retaliation Lawsuit - EEOC
Sunday, 12 Jul 2015 08:00pm EDT 

Daimler AG:Says fired female employee for complaining about sexual harassment, federal agency charged.Says will pay $40,000 and provide substantial injunctive relief to settle an employment discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC).The EEOC alleged that around Dec. 5, 2012, a male co-worker of Holt's touched her buttocks inappropriately and Holt complained to the company, The very next day, Daimler made the decision to discharge Holt.The EEOC argued that Holt was fired because she complained about what she reasonably believed was sexual harassment.Says must also report any action it takes in response to any employee's complaint about discrimination or harassment.  Full Article

Qualcomm Inc's Qualcomm Technologies Inc and Daimler AG announce strategic collaboration on connected car technologies
Saturday, 23 May 2015 01:00pm EDT 

Qualcomm Technologies, Inc., subsidiary of Qualcomm Inc, and Daimler AG:Announce strategic collaboration focused on pioneering innovation in connected car.Says in first phase of collaboration, the companies will focus on transforming future vehicles with mobile technologies that enhance in-car experiences and vehicle performance such as 3G/4G connectivity.wireless charging technology for in-vehicle use and implementation of the Qualcomm Halo(TM) Wireless Electric Vehicle Charging (WEVC) technology.Says that in addition, the companies are jointly assessing application of Qualcomm Technology's newly developed Automotive Solutions.  Full Article

Daimler AG confirms FY 2015 outlook
Tuesday, 28 Apr 2015 01:30am EDT 

Daimler AG:Reiterates outlook for 2015: significant growth expected of unit sales, revenue and EBIT from ongoing business.  Full Article

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Daimler eyes first Russian car plant: spokeswoman

BERLIN Germany's Daimler is considering building its first passenger-car plant in Russia, a spokeswoman said, counting on the country's troubled economy to rebound in coming years.