Key Developments: Daimler AG (DAIGn.DE)

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Latest Key Developments (Source: Significant Developments)

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

Autoliv Inc Develops New Seatbelt Technology with Daimler AG
Wednesday, 16 Jan 2013 08:15am EST 

Autoliv Inc announced that it expands its safety system offering for passengers in the rear seats with the Bag-in -belt in cooperation with Daimler AG. The Bag-in-belt is a combination of a seatbelt and an airbag to further reduce the load on the occupant's ribcage in a frontal collision. This new seatbelt is developed in cooperation with Daimler and is first offered on their new Mercedes S-class. When the vehicle crash sensors detect a frontal impact, the airbag control unit triggers the deployment of the Bag-in-belt. Similar to an airbag deployment, a gas generator inflates the multi-layered webbing forcing the integrated stitched seams to rip apart. This results in a three times larger surface area that better distributes the crash force on the occupant to reduce the risk of injury.  Full Article

Daimler AG Eyes Stake In Unit Of BAIC Group-Reuters
Sunday, 13 Jan 2013 10:40am EST 

Reuters reported that Daimler AG is eyeing a stake in the passenger car unit of its Chinese partner BAIC Group. Daimler declined to comment, BAIC was not immediately available.  Full Article

Daimler AG Sells 7.5% Stake in EADS NV-DJ
Thursday, 6 Dec 2012 03:13am EST 

Dow Jones reported that Daimler AG has completed the sale of a 7.5% stake in EADS NV at a price of EUR 27.23 per share. Daimler AG sold 61.1 million EADS NV shares, worth EUR1.66 billion. Goldman Sachs and Morgan Stanley acted as joint bookrunners for the placement of EADS NV shares via accelerated book building. Daimler AG's remaining stake in EADS NV amounts to around 7.5%.  Full Article

Germany Plans To Buy EADS NV Shares From Daimler AG-Reuters
Friday, 23 Nov 2012 02:14am EST 

Reuters reported that Germany plans to buy a 3% stake in planemaker EADS NV from France as the two governments strive to take equal stakes in the Airbus parent, German daily Handelsblatt reported. That means Germany will acquire fewer EADS shares from Daimler AG than expected, forcing the German carmaker to sell shares in the open market. Earlier this week, several sources told Reuters that France and Germany were discussing a shake-up of the corporate structure of EADS under which each country would hold around 12%.  Full Article

Photo

Daimler says has more to do on costs after solid results

FRANKFURT - Daimler produced a forecast-beating 12 percent profit increase in the second quarter as its new Mercedes C-Class and E-Class cars helped to lift profit margins. | Video

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