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Daimler AG (DAIGn.DE)

DAIGn.DE on Xetra

68.76EUR
24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Daimler says Q2 adj EBIT significantly better than expectations
Monday, 11 Jul 2016 02:02pm EDT 

Daimler AG : adhoc: Daimler AG: Daimler group's Ebit adjusted for special reporting items significantly better than market expectations in second quarter 2016 . Says group Ebit adjusted for special reporting items sums up to eur 3,973 million (Q2 2015: eur 3,764 million) . Says outlook for group Ebit 2016 adjusted for special reporting items remains unchanged .Says expects group Ebit adjusted for special reporting items will slightly increase in 2016.  Full Article

Daimler says Mercedes-Benz June sales up 11.1 pct
Wednesday, 6 Jul 2016 04:33am EDT 

Daimler : Says mercedes-benz global sales up 11.1 percent in june to 188,444 vehicles . Says mercedes-benz global sales up 12.1 percent from jan-june . Says mercedes-benz june sales rose 13.7 percent in europe, up 21.4 percent in china, up 1.5 percent in u.s. Further company coverage: [DAIGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Daimler trucks chief says cannot rule out further U.S. job cuts
Wednesday, 8 Jun 2016 04:00am EDT 

Daimler AG : Trucks chief sees tough competition on pricing in Europe . Trucks chief says cannot rule out further job losses in U.S. . Trucks chief says need no further cost-cut programme, division is well place to grow profitably . Trucks chief says expect strong growth in high-cost trucks in China by 2025 . Trucks chief optimistic to hit long-term sales, Ebit margin target . Trucks chief sees 2016 operating margin rather below 2015 level of 7.2 percent . Trucks chief says Q2 large U.S. orders below expectations, may grow by year-end Further company coverage: [DAIGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +496975651270;)).  Full Article

Daimler Trucks North America to cut about 1,240 jobs
Monday, 6 Jun 2016 08:32pm EDT 

Daimler Trucks North America : Will reduce headcount across North American production facilities by about 1,240 workers . Job cuts to impact workers at Mount Holly, North Carolina, Gastonia, Portland, Oregon, Santiago, Mexico facilities . Presently no plans for additional job cuts at facilities in cleveland, north carolina or saltillo, mexico (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Daimler to lay off more than 1,200 workers in North America- WSJ
Monday, 6 Jun 2016 06:12pm EDT 

:Daimler AG to lay off more than 1,200 workers at three plants in U.S. and one in Mexico - WSJ.  Full Article

Mercedes-Benz USA says May vehicle sales down 1 pct
Wednesday, 1 Jun 2016 12:41pm EDT 

Mercedes-Benz USA : Mercedes-Benz USA reports may sales of 29,299 vehicles, down 1.0% for the month Further company coverage: [DAIGn.DE] (Bengaluru Newsroom; +1 646 223 8780; ).  Full Article

Daimler AG to invest 500 mln euros in new engine plant in Poland
Wednesday, 4 May 2016 04:00am EDT 

Daimler AG:To invest around 500 million euros in new engine plant in Poland.  Full Article

Daimler AG hires Deloitte for internal emissions probe - Reuters News
Saturday, 30 Apr 2016 08:57am EDT 

Daimler AG:Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said - RTRS.The investigation is to see if Daimler used devices to manipulate emissions tests and comes after another German carmaker, Volkswagen AG, admitted installing software that did so.Daimler said last week that it was conducting an internal investigation of its certification process for diesel exhaust emissions in the United States at the request of the Justice Department.Deloitte staff are combing through documents and emails from staff of Daimler's engine development site in Sindelfingen and its corporate headquarters in Stuttgart, German weekly Der Spiegel earlier reported.In early April, owners of U.S. Mercedes diesel cars filed a class action saying the vehicles likely contained a "defeat device" used to cheat emissions testing, an accusation that Daimler, which owns the carmaker, denied.  Full Article

Daimler comments on FY 2016 outlook
Thursday, 21 Apr 2016 08:00pm EDT 

Daimler AG:Assumes that Group revenue will increase slightly in FY 2016.Assumes that EBIT from ongoing business will increase slightly in FY 2016.  Full Article

Daimler AG - Mercedes diesel owners file new lawsuit in United States - Reuters News
Friday, 8 Apr 2016 07:29am EDT 

Daimler AG:Owners of Mercedes diesel cars filed a new class-action lawsuit in the United States saying the vehicles likely contained a "defeat device" used to cheat emissions testing, an accusation that Daimler DAIGn.DE, which owns the carmaker, denied - RTRS.U.S. law firm Hagens Berman, which had already filed a complaint in February, said new tests had shown that Mercedes BlueTEC cars produced nitrogen oxide emissions in virtually all road tests that were far higher than in controlled lab tests."The fact that Mercedes passed the dynamometer test in all tests, but failed the real world test, is suggestive that like VW VOWG_p.DE, Mercedes is implementing a 'defeat device'," it said in its complaint filed in the District Court of New Jersey.Daimler said in a statement on Friday: "We consider this class action lawsuit to be unfounded. Our position remains unchanged: A component that inadmissibly reduces emissions is not used in Mercedes-Benz vehicles.".BlueTEC is a filter system which uses urea to help rid exhaust fumes of health threatening nitric oxides.It is fairly costly and used mainly in heavier cars like Diamler's large limousines or sports utility vehicles, which are equipped with powerful diesel engines.The complaint previously filed by Hagens Berman was more limited, alleging that Daimler knowingly programmed its so-called clean diesel vehicles to emit illegal levels of nitrogen oxide in low temperatures.  Full Article

More From Around the Web

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Mercedes-Benz mulls North American potential for pick-up trucks

STUTTGART Daimler's Mercedes-Benz Vans division is looking closely at a growing demand in the United States for mid-sized pick-up trucks to see whether there is market potential to launch its X-Class model there, divisional head Volker Mornhinweg said on Friday.