|Bid||0.00 x 124500|
|Ask||0.00 x 73800|
|Day's Range||48.47 - 50.76|
|52 Week Range||44.51 - 71.48|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||7.46|
|Earnings Date||Apr 26, 2019|
|Forward Dividend & Yield||3.25 (6.59%)|
|1y Target Est||62.70|
The 2020 model year Freightliner New Cascadia features technologies that qualify it as a Level 2 autonomous, but drivers shouldn't be scared off by that. What happens when a truck driver becomes distracted and pulls his or her attention from the road, letting go of the steering wheel in the process? If they are driving a model-year 2020 Freightliner New Cascadia from Daimler Trucks North America lives would likely be saved.
Daimler will push electric and hybrid cars more aggressively after tougher emissions tests revealed pollution levels in Europe at Mercedes-Benz Cars rose 7 percent last year. European Union regulators forced the auto industry to cut greenhouse gas emissions drastically to mitigate the impact of global warming, forcing a 40 percent cut in carbon dioxide (CO2) emissions between 2007 and 2021. The new procedures combined with a shift in customer tastes towards heavier sports utility vehicles (SUVs) lifted average fleet emissions levels at the company's Mercedes and Smart passenger cars in Europe to 134 grams of CO2 per km in 2018, up from 125 grams in 2017.
AG’s incoming finance chief will face compressed profit margins, slowing sales and planned changes to the structure of the German car maker. on May 22, when Daimler holds its annual shareholders’ meeting. Mr. Uebber will retire in May after nearly 15 years as Daimler CFO.
European equity investors looked past the weaker-than-expected German growth data, as did euro traders. Economists forecast growth of 0.4 percent for Germany and the euro area as one-off inhibitors dissipate. Just last week the European Commission issued sweeping downward revisions for Germany and many of the euro area’s major economies.
FRANKFURT (Reuters) - German car and truck manufacturer Daimler on Wednesday said it had appointed Harald Wilhelm as its new Chief Financial Officer to replace Bodo Uebber. Daimler said Wilhelm will join ...
Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire. Musk fears the two countries could ratchet tariffs back up, which would make the chief executive officer’s electric cars more expensive in China and boost costs of key components the country sends to his U.S. assembly plant. Global giants such as BMW AG and Daimler AG can wiggle around the tariffs to an extent by boosting production at existing China factories, but Tesla’s manufacturing presence there was merely a muddy field as of last month.
has named Airbus financial head Harald Wilhelm as its new chief financial officer, following the resignation announcement last October of Bodo Uebber. Mr Wilhelm will take a spot on Daimler’s management board in April, with an initial term of three years. The moves at the top come at a critical time for Daimler, whose shares have nearly halved since a high in March 2015 as investors worry about costly investments needed for electrification and autonomous technology.
Luxury leader Mercedes-Benz said global deliveries fell 6.7 per cent in January, but with a model offensive in the coming months it continues to project a ninth consecutive record year for sales in 2019.
North Korean dictator Kim Jong Un was spotted in photographs posted Friday by research site NK Pro in a luxurious Mercedes-Maybach S 600. Unlike the crash ratings normal car ads tout, online publicity materials for Guard models says Daimler’s ballistics specialists are required to shoot at the vehicle “from all possible angles” including high caliber rounds. A Daimler spokeswoman said the company complies with sanctions and has had no dealings with North Korea but that used-vehicle sales are beyond its control.
The Daimler AG-owned brand, which has led the U.S. premium auto market the last three years, expects the new A-Class sedan to lure younger customers that eventually will move up into more expensive vehicles. The car, which starts at $32,500 and arrives in showrooms this quarter, should help revive Mercedes deliveries after a 6.3 percent drop in 2018, Dietmar Exler, chief executive officer of U.S. operations, said in a phone interview. “I think we should be back at the levels of 2015, 2016, 2017 again with all the products coming now,” said Exler, forecasting Mercedes will sell about 330,000 vehicles this year.
FT subscribers can click here to receive Brussels Briefing every day by email. As nearly 100m Americans watched Tom Brady, the veteran quarterback of the New England Patriots, lift another Super Bowl trophy last Sunday, many will have noticed that Mercedes-Benz was the sponsor of the gleaming new stadium in Atlanta where the game was played.
The CEO of Mercedes-Benz parent Daimler AG said in an interview that the company has discussed collaborating with billionaire Elon Musk's electric automaker, Tesla. Daimler was a minority shareholder in Tesla until 2014.
Volvo Cars is talking to Chinese and U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish company's chief said on Thursday. Carmakers are seeking partnerships to cut the cost of building new electric and autonomous vehicles, while also grappling with the challenges of Washington's trade war with China and slowing sales.
General Motors Company (NYSE: GM), the largest automaker in the U.S., has reiterated its plans to go all-electric across its whole vehicle lineup during its quarterly earnings meeting this week. Mary Barra, the CEO of GM, also mentioned that though they are gunning for a future with electric vehicles, she does not expect the segment to make profits until early next decade. This brings us to the question – what would be funding this "all-electric" exercise of GM?
Daimler's average emissions levels in Europe will rise in 2018 and 2019 because stricter anti-pollution testing rules have revealed higher results, Chief Executive Dieter Zetsche said on Thursday. European Union lawmakers have demanded that carmakers cut average carbon dioxide (CO2) emissions levels by 40 percent between 2007 and 2021, a goal that has become harder to attain after WLTP emissions tests were introduced in 2018. Carmakers including Daimler are now struggling to lower their average emissions of carbon dioxide by 2021.
Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China. The Swedish carmaker, owned by China's Geely, will increase volumes and cut operational costs to try to offset the impact on margins that is expected to persist this year, CEO Hakan Samuelsson told Reuters. "We have a very, very strong product offering and a modest market share outside Sweden, so we are expecting and planning for further growth," Samuelsson said.
Growth in Africa’s most-industrialized economy is sluggish, unemployment is still at record levels and the debt of mismanaged state companies such as Eskom Holdings SOC Ltd. is weighing on finances. Business confidence surged to a two-year high early in 2018 on hopes that Ramaphosa’s leadership would mark an end to years of economic mismanagement and alleged graft under his predecessor.
European shares inched up to touch 12-week highs on Wednesday, fuelled by strong gains in Italian banks and tech stocks, while Ubisoft sank following a revenue warning from U.S. videogame maker Electronic ...
Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers. Daimler said the return on sales at Mercedes-Benz cars fell to 7.3 percent in the fourth quarter from 9.5 percent in the year-earlier period as emissions tests led to supply bottlenecks and prices for luxury vehicles deteriorated. This, combined with a cut in the dividend for the 2018 financial year to 3.25 euros a share from 3.65 euros the previous year, disappointed analysts and sent the German carmaker's shares down more than 2 percent.
shares fell to the bottom of the German market Wednesday after the luxury carmaker posted a sharp decline in fourth quarter profits amid ongoing trade disputes in some of its biggest export markets. Daimler said operating profits for the three months ending in December came in at €2.67 billion, missing analysts' forecast and falling 22% from the same period last year. Mercedes Benz sales actually increased by 4%, the company said, but pricing and margins were hit by tariffs imposed by China on cars made in the United States, where Daimler has significant production facilities.