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Daimler AG (DAIGn.DE)

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Latest Key Developments (Source: Significant Developments)

Daimler proposes dividend of 3.25 euros, comments on FY 2016 outlook
Wednesday, 3 Feb 2016 07:00pm EST 

Daimler AG:Highest ever dividend proposed of 3.25 euro per share.Outlook FY 2016: growth expected in unit sales, revenue and EBIT from ongoing business.Assumes that Group EBIT from the ongoing business will increase slightly in FY 2016.  Full Article

Daimler AG - Takata recalls air bag inflators in 5.1 mln US vehicles - Reuters - Update
Tuesday, 26 Jan 2016 07:06pm EST 

Daimler AG:U.S. auto safety regulators said Tuesday that air bag maker Takata Corp 7312.T declared 5.1 million U.S. vehicles defective, as the company disclosed an 11th death could be linked to a faulty airbag - RTRS.Most of the vehicles mentioned in numerous previous recalls involving Takata air bags have been older models, but the new recalls include some 2014 models. - RTRS.The Japanese company said newer vehicles remain under "investigation and could be subject to recall at a later date." - RTRS.The newly released documents show that regulators may prod automakers to recall recent models. - RTRS.The automakers involved in the new Takata inflator recalls include Honda, BMW AG, Volkswagen AG's Volkswagen and Audi brands, Daimler AG's Mercedes-Benz and Sprinter van brands, Mazda Motor Corp, and Saab AB - RTRS.Toyota Motor Corp 7203.T is listed by Takata as part of the new recall, but the company said all of its vehicles involved were recalled in 2015 - RTRS.NHTSA did not make clear how many, and which automakers were involved with recalls for 2014 models - RTRS.Honda has previously recalled about 6.28 million vehicles in the United States for air bag inflators, a Honda spokesman said. Honda worldwide has recalled vehicles with 23 million Takata air bag inflators since 2008 - not counting the latest recall - RTRS.  Full Article

Daimler AG - Mercedes, Opel to face French emissions panel - panel member - Reuters
Wednesday, 20 Jan 2016 02:24am EST 

Daimler AG:Mercedes and Opel officials will next week face a French panel looking into the industry in the wake of the Volkswagen emissions scandal, a panel member told Reuters on Wednesday. - RTRS.Denis Baupin, a member of parliament and member of the panel known locally as the Royal Committee, said the German and U.S. carmakers would face the panel on Jan. 28 - RTRS.News last week that some Renault RENA.PA cars exceeded emissions limits hit the French carmaker's share price - RTRS.Energy Minister Segolene Royal, after whom the panel takes its name, told news television channel i Full Article

Daimler signs agreement to return to Iran - Reuters
Monday, 18 Jan 2016 04:41am EST 

Daimler AG:Signed letters of intent with Iran Khodro Diesel (IKD) and the Mammut Group, as part of the German truck maker's re-entry into the Iranian market - Reuters.Areas of cooperation include a joint venture for local production of Mercedes-Benz trucks and powertrain components, plus the establishment of a sales company for Mercedes-Benz trucks and components.There are plans for Daimler to return as a shareholder in the former engine joint venture Iranian Diesel Engine Manufacturing Co. (IDEM).Daimler Trucks intends to open a representative office in Tehran during the first quarter of 2016.First Mercedes-Benz Actros and Axor trucks could be supplied to the country in the form of CKD (completely knocked down) kits - or fully disassembled - before the end of the year.  Full Article

Daimler AG - Heavy rains batter auto production in India's Detroit - Reuters
Tuesday, 1 Dec 2015 03:21pm EST 

Daimler AG:Heavy rains in India's southern Tamil Nadu state have battered one of the largest auto manufacturing hubs and forced plants to shut for the second time in less than a month, crippling production and deliveries from the region - RTRS.Ford, Daimler and Nissan were among the automakers who told employees to stay home on Wednesday, as the heaviest rainfall in a century made it impossible to cross low-lying areas around the main city of Chennai - RTRS."Everyone is at home. Yesterday, workers were sent home after a half day, and today we are shut. Tomorrow too, probably," said an official at Daimler India, which produces commercial vehicles outside Chennai - RTRS.Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles - RTRS."For the safety of our employees, we have halted production at our Chennai assembly and engine plants on Wednesday," a spokesman said - RTRS.The area outside Chennai is known as "India's Detroit for its concentration of automakers. Others in the rain-lashed area include Renault-Nissan 7201.T, Hyundai Motor Co and motorcycle maker TVS Motor TVSM.NS, whose shares were down almost 4 percent on Wednesday - RTRS.A Renault-Nissan India spokesman said the automaker would be cancelling shifts, but aimed to resume operations once conditions improved as there had been no damage to its plant -RTRS.Spokespeople for Daimler, Hyundai and TVS were not immediately reachable for comment - RTRS.  Full Article

Daimler comments on FY 2015 guidance
Thursday, 22 Oct 2015 01:39am EDT 

Daimler AG:Significant growth in unit sales and revenue anticipated for FY 2015.FY 2014 revenue 129.87 billion euros.FY 2015 revenue estimate 145.87 billion euros - Thomson Reuters I/B/E/S.  Full Article

Daimler AG bends to EU pressure to use old-style car coolant - Reuters
Tuesday, 20 Oct 2015 03:57am EDT 

Daimler AG:Daimler has bowed to pressure from regulators to use a car coolant that has for years been at the centre of a dispute between the European Union and Germany - RTRS.The European Commission last year launched legal proceedings against Germany, which has backed Daimler's refusal to use the R1234yf coolant developed by U.S. conglomerate Honeywell in partnership with Dupont - RTRS.Daimler, which has said the coolant can cause fire in front-end collisions, said on Tuesday it will install a "specific protective system" in vehicles switching to R1234yf to ensure safety - RTRS.The world's third-largest maker of luxury cars has insisted on using R134a, a global warming agent that is more than 1,000 times more potent than carbon dioxide, but does not burst into flames - RTRS.EU rules will require carmakers from 2017 to use coolants with a global warming potential no more than 150 times that of carbon dioxide - RTRS.The Stuttgart-based manufacturer also said it will phase in carbon dioxide (CO2) as a refrigerant in S-Class and E-Class models starting next year - RTRS.The two-track approach is required as it is not feasible to roll out CO2-based air conditioning technology across the fleet by January 2017, Daimler said - RTRS.  Full Article

Daimler AG denies it manipulated emissions data - Reuters
Thursday, 24 Sep 2015 08:00pm EDT 

Daimler AG:Says Daimler on Friday denied allegations by lobby group Deutsche Umwelthilfe (DUH) that it had rigged emissions data for its vehicles - Reuters.DUH has said on Thursday that tests had shown vehicles made by German carmakers including Daimler significantly exceeded limits on nitrogen oxide emissions - Reuters."We sharply deny the allegation that we manipulated our cars during emissions tests. We never did and do not now use a defeat device," Daimler said in a statement - Reuters.It said it was unaware of any data showing its vehicles breached legal limits and said it was willing to have any of its vehicles tested - Reuters.  Full Article

Daimler AG to invest $1.3 billion in Tuscaloosa SUV production
Friday, 18 Sep 2015 09:38am EDT 

Daimler AG:Says invests $1.3 billion in SUV production facilities in Tuscaloosa.Says 300 jobs to be created.  Full Article

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 says sales volume may no longer be benchmark of success

PARIS The rise of new trends like car sharing and autonomous driving may usurp sales volume as a benchmark for measuring success in the auto industry, the head of marketing and sales at Mercedes-Benz, said on Thursday.