Daimler AG (DAIGn.DE)
19 Oct 2018
FRANKFURT German carmaker Daimler AG said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming "government proceedings and measures in various regions" as a crackdown on diesel emissions takes a toll.
* Statement released ahead of quarterly results due next week (Adds analyst note, statement from Stuttgart prosecutor's office)
FRANKFURT, Oct 19 German luxury carmaker Daimler AG issued a profit warning on Friday, saying that costs arising from "government proceedings and measures" concerning its diesel vehicles were mainly to blame.
Carmakers have started offering trade-in incentives in Germany to encourage customers to scrap older diesel vehicles and buy more sustainable engines.
BRUSSELS German luxury carmakers Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday.
BRUSSELS, Oct 16 German luxury carmakers Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday.
FRANKFURT German auto parts supplier Bosch [ROBG.UL] is launching an electric van-sharing service in Germany, expanding its reach in rentals and pitting it against some of its customers who are also expanding into pay-per-minute mobility services.
* Bosch supplies powertrain components to StreetScooter (Adds details about Ford's launch of electric transit van)
FRANKFURT, Oct 9 German auto supplier Bosch said on Tuesday it will launch a van-sharing service in Germany this year, expanding its reach in the field of pay-per-minute vehicle rental services and pitting it against some of its automaker clients.
German vehicle manufacturer Daimler AG is in talks with China's Geely Holding Group Co to set up a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, citing sources.
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