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Ballard Power Systems said Tuesday that it has reached a deal with German automaker Daimler AG to supply fuel cell products.
German carmaker Daimler AG has reached an agreement that gives job security until the end of 2019 to 37,000 employees at its biggest plant in Germany, a spokesman said Wednesday.
Mercedes-Benz will get as much as $100 million in incentives as it expands production at its automotive plant in Tuscaloosa County.
German carmaker Daimler AG said Wednesday it will move production of some Mercedes-Benz sedans to its Alabama plant, part of plans to cut manufacturing costs and take advantage of a growing U.S. market for the automaker's luxury vehicles.
The battered U.S. auto market will eventually see sales return to levels posted before the economic meltdown, but not for at least another two to three years, the chairman of German automaker Daimler AG said Thursday.
Daimler AG said its U.S. sales last month increased 9.4 percent, led by a jump in Mercedes Benz volumes, as a more stable economic environment fueled increased purchases of the German company's vehicles.
German carmaker Daimler AG started construction Friday on a new euro800 million ($1.2 billion) car production facility in Kecskemet, Hungary, near Budapest, the company said.
German carmaker Daimler AG is considering whether to move some production of its Mercedes-Benz C-Class models to Alabama from Germany, a newspaper reported Wednesday.
Daimler AG unveiled a number of new electric and hybrid cars Tuesday at the Frankfurt Auto Show, saying it plans to keep its focus on luxury and fuel efficiency.
German car, truck and bus maker Daimler AG said Monday its Mitsubishi Fuso Truck and Bus Corporation and Nissan Diesel Motor Co. Ltd. had signed a letter of intent to work more closely together and possibly establish a joint venture in the bus business.
Chrysler Group LLC has sued Daimler AG, accusing the German automaker of failing to abide by contracts requiring it to supply crucial parts and putting the production of key 2010 Chrysler vehicles in jeopardy.
German automaker Daimler AG said its sales in the U.S. fell by 24 percent in July, amid plunging sales of its Smart fortwo minicar and Mercedes-Benz luxury vehicles.
Germany's Daimler AG said Wednesday that it lost euro1.06 billion ($1.51 billion) in the second quarter as the recession hurt car and truck sales and the company took charges related to its stake in Chrysler. But the company saw signs of a turnaround and its shares rose.
Daimler AG said Wednesday that combined U.S. sales for its Mercedes-Benz and smart micro-cars fell nearly 26.5 percent in June compared with the same month a year earlier.
Daimler AG announced a restructuring plan Wednesday for its Mitsubishi Fuso Truck and Bus Corp. that is expected to result in some 2,300 job cuts by the end of next year.
Germany's Daimler AG said Monday it has reached a deal to get rid of its remaining 19.9 percent stake in Chrysler LLC, severing the last tie between the two automakers that was formed more than a decade ago.
German automaker Daimler AG will see more cost-cutting and a reduced dividend this year after it warned Wednesday it won't get through the worst of the recession until the second half of this year.
A company owned by the government of Abu Dhabi has pumped an additional $1.41 billion into Aabar Investment PJSC, giving the emirate majority control in the investment firm set to become Daimler AG's biggest shareholder.
Daimler AG's shares rose Monday as investors cheered the announcement that Aabar Investments PJSC bought a 9.1 percent stake in the automaker, making it the biggest shareholder.
German automaker Daimler AG on Tuesday reported a euro1.53 billion fourth-quarter loss — its first in two years — and warned that sales of its marquee Mercedes-Benz cars would decline through 2009 because of the economic meltdown's pinch on the automotive industry.
German automaker Daimler AG said Thursday that sales in its Mercedes-Benz Cars group slipped a relatively modest 2.3 percent in 2008 as the global economic crisis erupted, with deliveries of the ultra-compact Smart car spiking amid rising gas prices.
Daimler AG is buying a 10 percent stake in Russian truck maker OAO Kamaz under a $300 million deal signed Friday, the head of the German company's truck division and other officials involved said.
Daimler AG's truck unit is still looking at acquiring a stake in Russian truck maker Kamaz Inc. and expects to make a decision by year-end, Daimler said Wednesday.
The head of Daimler AG's truck business said it does not plan to cut working hours at its German plants in the immediate future, despite the economic downturn, but would not rule out further savings in the United States.
Daimler AG said Thursday it is considering cutting working hours at some of its car production plants in Germany as the economic gloom pushes down sales.
German luxury carmaker Daimler slammed for controversial blood tests on potential employeeGerman luxury carmaker Daimler has come under fire for carrying out blood tests on potential employees. A leading privacy advocate has condemned the practice as illegal and called for the information to be deleted.
Dog poo biofuel to power Berlin buses It is technically illegal not to bag Fido's faeces in German cities, but notoriously poor Berlin just hasn't had the resources to enforce fines – much less hire poop scoopers to maintain public areas, Schauffel said.
Tiny Electric Cars Are ComingFrench automaker PSA Peugeot Citroën kicked off the Geneva Motor Show this morning by announcing that it is pursuing a deal with Mitsubishi Motor to develop a compact electric car for sale in Europe next year.
Chrysler CEO tells of financial woe 4 months after buyoutStrictly speaking, Chrysler's operations currently lose it money and have for some time. The Cerebus' capital injection keeps it viable, but the money is going to have to be paid back and it seems that the terms may make the company bankrupt.
Ballard-Ford-Daimler Venture Speeds Fuel Cell ProgressBallard has long been a pioneer in fuel cell development. Every automaker dabbling in fuel cells, likely worked with Ballard at some point.
Iacocca: Daimler screwed ChryslerThere's one thing everyone agrees on: Daimler screwed Chrysler royally. To understand how the desperation sale to Cerberus Capital Management could possibly happen to one of America's iconic car companies, you have to look at the history.
Chrysler sold for $7.4bnAnother private equity coup. After seeing how much money Daimler crysler have lost on this venture it will be interesting to see how much Cerberus make on it.
Merc to Build Lighter, More Powerful SLR"Mercedes-Benz is preparing to launch a powered-up version of the McLaren-built SLR coupe in a bid to stir sales of the 208-mph supercar."
After years of ending the quartals in the red, DaimlerChrysler might be close to closing down Smart, a daughter of the compay that also includes Mercedes Benz, Chrysler, Dodge, Maybach, Jeep and other brands.
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