|Bid||0.00 x 124500|
|Ask||0.00 x 73800|
|Day's Range||54.76 - 55.99|
|52 Week Range||54.22 - 76.48|
|PE Ratio (TTM)||6.28|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.65 (6.65%)|
|1y Target Est||71.46|
Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp , Volkswagen AG and Hyundai Motor Co has told key U.S. lawmakers. Talks between Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer are due to resume on Tuesday in Washington to try to resolve remaining bilateral issues so that Canada, which has been sidelined for weeks from the negotiations, can return to the bargaining table. The automakers' position was in a previously unreported Aug. 16 letter from their "Here for America" group to top trade-focused members of Congress.
Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, saying French oil group Total has formally pulled out a major gas project. Efforts by the remaining signatories - EU members Britain, France and Germany plus China and Russia - to avoid the agreement's collapse are struggling as Washington has said any firms dealing with Teheran will be barred from doing business in the United States.
Daimler AG said it is working with German authorities to resolve issues with emissions irregularities with its diesel-powered vehicles, rejecting a report about a recall of thousands of vehicles as already widely known. The maker of Mercedes-Benz cars commented after German magazine Der Spiegel said the manufacturer might be forced to recall as many as 700,000 cars over their emissions setups, citing a report it obtained from Germany’s federal Motor Transport Authority. “Daimler will continue to fully cooperate with the authorities and establish transparency,” the Stuttgart-based automaker said in the statement.
An unprecedented run of orders for big rigs has pushed the backlog at truck factories to nine months, according to industry analysts, the largest since early 2006, when truckers stocked up to get vehicles in place before tougher environmental restrictions would take effect. Typically the backlog is about five months for the truck industry’s manufacturers, analysts said. “It is longer than it should be,” said Magnus Koeck, vice president of marketing for Volvo AB’s North America operation, where Class 8 truck orders this year soared to 25,000 from 11,000 during the first six months of 2017.
For years, Martin Bruesch was the bread and butter of the German auto industry. “If I’m truly honest with myself, then owning a car is too expensive with all these alternatives around,” Bruesch said as he got into one of CleverShuttle’s battery-powered Nissan Leafs one evening this month. As young people like Bruesch increasingly ditch driving, they’re also accelerating the shift toward what’s being dubbed “peak car”—a time in the not-too-distant future when sales of private vehicles across the western world will plateau before making a swift descent.
BMWs are built for speed, yet the car maker’s stock trades like it is stuck in the slow lane. Between trade tensions, environmental concerns and technological change, car manufacturers have plenty to worry about. BMW has a reputation among investors for reliability that the latest results only confirmed.
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday. Vehicles already registered in Switzerland may continue to operate, but must be retrofitted, Astra said in a statement. Mercedes Vitos with 1.6-litre diesel engines, Porsche Macans with 3-litre diesel engines and Cayennes with 4.2-litre diesel engine are affected by the action.
Moody's Investors Service has assigned provisional rating to the Class A Notes to be issued by Silver Arrow China 2018-1 Retail Auto Loan Asset Backed Notes Trust, a domestic transaction backed by a pool of auto loans originated by Mercedes-Benz Auto Finance Ltd. (MBAFC) in China. Silver Arrow China 2018-1 Retail Auto Loan Asset Backed Notes Trust is the fifth auto loan ABS securitization sponsored by MBAFC.
With a target to expand in countries that face emission and vehicle parking issues, Daimler (DDAIF) plans to manufacture Smart EVs in China with BJEV.
President Donald Trump’s policies are doing nothing to help the US develop domestic battery manufacturing, an entrepreneur who is aiming for his company to be one of the country's largest energy storage suppliers has warned. “Production is going to be in China, and they are going to control the world through energy,” Mr Myersdorf said in an interview. StoreDot has developed an innovative variant of the lithium-ion battery technology used in products from mobile phones to electric cars.
Quanergy Systems Inc. found itself in the center of a sudden frenzy over self-driving cars in 2014. It makes lidar, which bounces lasers off objects to help autonomous cars know what’s nearby. At the time, the lidar industry was dominated by Velodyne Lidar Inc., which provided the bulky, expensive sensors Google was using on its autonomous cars.
China's automobile sales fell 4.0 percent in July from a year earlier to 1.89 million vehicles, an industry association said on Friday, as U.S. carmakers lost market share amid rising concern over the potential fallout of a Sino-U.S. trade spat. Officials from the China Association of Automobile Manufacturers (CAAM) said, however, the decline was caused by "product issues" at U.S. automakers and had less to do with the trade tensions. Ford, for example, has said they expect a tough sales year this year because of a lack of new or redesigned products.
and a prominent Brexit supporter, has selected German companies to develop his successor to the Land Rover Defender. for the Land Rover Defender, the iconic off-roader that was retired by Jaguar Land Rover in 2014. A decision on the ultimate manufacturing location, a toss-up between two UK sites and a number in continental Europe, is expected within months, one of a series of choices for Ineos about whether to invest in the UK.
Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs authorities, Daimler confirmed on Thursday, as a trade dispute between the United States and China heats up. Mercedes-Benz GLE and GLS models, built in the United States between May 4 and June 12, 2018, have a brake issue which poses a "safety risk," according to a Chinese customs document circulating on Chinese social media. Daimler said the company had been made aware of a potential brake issue related to vehicles in China imported from the United States.
Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs authorities, Daimler (DAIGn.DE) confirmed on Thursday, as a trade dispute between the United States and China heats up. Mercedes-Benz GLE and GLS models, built in the United States between May 4 and June 12, 2018, have a brake issue which poses a "safety risk," according to a Chinese customs document circulating on Chinese social media. Daimler said the company had been made aware of a potential brake issue related to vehicles in China imported from the United States.
New U.S. sanctions against Iran took effect on Tuesday and President Donald Trump, who defied Washington's allies to impose them, pledged that companies doing business with Tehran would be barred from ...
TEHRAN, Iran (AP) — As Iranians awoke Tuesday to renewed U.S. sanctions that had been lifted by Tehran's nuclear deal with world powers, the question on everyone's mind remained: What happens now?
President Donald Trump, like the proverbial bull in a China shop, has sent shares of BMW AG and Daimler AG into a tailspin this year. BMW, exporting its popular sport utility vehicles from the U.S. to China, might see a drag on profit of just 1.3 percent while rival Daimler, shipping SUVs on the same route, faces almost zero exposure, analysts at Exane BNP Paribas said in a report this week.
WELLINGTON, New Zealand (AP) — The European Union's foreign policy chief encouraged companies to do more business with Iran despite new U.S. sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear program.
German car and truck manufacturer Daimler has dropped plans to expand its Iran business. "We have ceased our already restricted activities in Iran in accordance with the applicable sanctions", Daimler said. In early 2016, Daimler established a joint venture with vehicle manufacturer and dealer Iran Khodro Co to make and distribute Mercedes-Benz trucks in the country.
Daimler AG will freeze operations in Iran, including a plan to make trucks, after the U.S. renewed a host of sanctions and President Donald Trump threatened to penalize companies doing business in the country. The German carmaker has suspended its “limited” activities because of the trade curbs coming into effect Tuesday, the world’s biggest luxury carmaker and commercial vehicles manufacturer said in an emailed statement. The move is a reversal of Daimler’s 2016 effort to re-establish ties by selling and producing trucks with Iran Khodro Co., the nation’s biggest auto producer.
German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday. "We have ceased our already restricted activities in Iran in accordance with the applicable sanctions", Daimler told Reuters in a statement. In early 2016, Daimler established a joint venture with Iranian vehicle manufacturer and dealer Iran Khodro Co to make and distribute Mercedes-Benz trucks in the country.