Key Developments: Daimler AG (DAIGn.DE)

DAIGn.DE on Xetra

23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Elektrobit Oyj Extends Partnership with Daimler AG
Tuesday, 9 Jul 2013 12:00pm EDT 

Elektrobit Oyj (EB) announced that it extends its long-term partnership with Daimler AG. The companies establish new model to develop software for driver assistance systems. This partnership enables EB to take over responsibility for driver assistance software engineering, allowing Daimler to focus on its core business in delivering vehicles, such as the new E- and S-Class. With EB assuming the role of direct software supplier for driver assistance at Daimler, a new model is being introduced for collaboration with carmakers.  Full Article

Daimler AG Recalls Over 6,000 New Mercedes A-Class Hatchbacks-Reuters
Tuesday, 28 May 2013 01:29pm EDT 

Reuters reported that Daimler AG is recalling more than 6,000 of its new Mercedes-Benz A-Class hatchbacks because of problems with the passenger airbag. The Company said that about 6,000 cars in Germany alone are affected, plus an unquantified figure outside its domestic market.  Full Article

Daimler AG Looking To Sell Part Of Retail Network-DJ
Sunday, 26 May 2013 10:31am EDT 

Dow Jones reported that Daimler AG is considering selling parts of its German retail network in an effort to cut costs, a German automotive publication said Sunday. A private equity fund is considering a bid for significant parts of the retail network, the report from Automobilwoche said. Media reports have also mentioned U.S. based Penske Automotive Group as a possible buyer. The German automaker plans to combine some sites and close other locations, but it is not considering selling the entire network, the report said.  Full Article

Daimler AG Plans EUR 300 Million Transmission Plant in Romania-Reuters News
Wednesday, 24 Apr 2013 07:02am EDT 

Reuters News reported that Daimler AG plans to build a factory in Romania to assemble transmissions for Mercedes-Benz luxury vehicles. Daimler AG will invest over EUR 300 million (USD 391 million) at its Romanian subsidiary Star Transmission to serve the customer demand for the transmissions used in passenger cars.  Full Article

Daimler AG Raises EUR 2.2 Billion by Selling Stake in EADS NV-L'Agefi Quotidien
Wednesday, 17 Apr 2013 08:00pm EDT 

L'Agefi Quotidien reported that Daimler AG has completed the sale of its stake in EADS NV for approximately EUR 2.2 billion. Daimler AG sold 61.1 million EADS shares at EUR 37 per share. EADS NV repurchased 1.95% of its capital from Daimler AG for EUR 600 million.  Full Article

Daimler AG Begins Sale Of Remaining Stake In EADS-Reuters
Tuesday, 16 Apr 2013 02:48pm EDT 

Reuters reported that Daimler AG has begun selling its remaining stake in Airbus owner EADS on april 16, 2013 as part of a wider overhaul of the European aerospace group's core ownership nearly 13 years after its creation. Daimler said that it received a waiver from a six-month lock-up period and would immediately begin placing with investors 61.1 million shares, equivalent to a 7.5% stake in EADS.  Full Article

Daimler AG May Cut FY 2013 Profit Outlook On Weak European Demand-Reuters
Wednesday, 10 Apr 2013 06:31am EDT 

Reuters reported that Daimler AG might cut fiscal 2013 profit expectations this month, as Europe's car market shrank at an alarming rate.  Full Article

Daimler AG Proposes Distribution Of Dividend
Thursday, 7 Feb 2013 02:06pm EST 

Daimler AG announced that the Board of Management and the Supervisory Board will propose the distribution of a dividend of EUR2.20 per share at the Annual Shareholders' Meeting to be held on April 10, 2013 (prior year: EUR2.20). This represents a total dividend payout of EUR2,349 million (prior year: EUR2,346 million).  Full Article

Daimler AG Pays $869 Million For 12% Of BAIC Motor-Reuters
Friday, 1 Feb 2013 06:21am EST 

Reuters reported that Daimler AG has bought a stake in Chinese partner BAIC Motor ahead of its planned stock offering. Daimler will pay EUR640 million ($869 million) for a 12% stake in BAIC Motor and get two seats on the board in a deal that is expected to close by the end of 2013 or early 2014, the Company said.  Full Article

Daimler AG, Ford Motor Co And Nissan Motor Co., Ltd. Announces Strategic Cooperation To Accelerate Commercialization Of Fuel Cell Electric Vehicle Technology
Monday, 28 Jan 2013 06:00am EST 

Daimler AG, Ford Motor Co and Nissan Motor Co., Ltd. announced that they have signed a three-way agreement to accelerate the commercialization of fuel cell electric vehicle (FCEV) technology. The goal of the collaboration is to jointly develop a common fuel cell electric vehicle system while reducing investment costs associated with the engineering of the technology. Each company will invest equally towards the project. The strategy to maximize design commonality, leverage volume and derive efficiencies through economies of scale will help to launch the affordable, mass-market FCEVs as early as 2017. The collaboration sends a clear signal to suppliers, policymakers and the industry to encourage further development of hydrogen refueling stations and other infrastructure necessary to allow the vehicles to be mass-marketed.  Full Article


Daimler-backed BAIC Motor opens flat in Hong Kong debut

HONG KONG - Shares in BAIC Motor Corp Ltd , part-owned by Germany's Daimler AG , opened flat at HK$8.90 in their Hong Kong trading debut on Friday, despite concerns a slowdown in China's economy will curb demand for new vehicles next year.

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