|Bid||0.00 x 124500|
|Ask||0.00 x 73800|
|Day's Range||46.94 - 48.20|
|52 Week Range||45.07 - 76.48|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||5.60|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||3.65 (7.71%)|
|1y Target Est||63.31|
From such trips—like a man in Australia who went on more than 30 free drives on the GoGet car-sharing platform before being arrested—to vehicle theft and taking wireless control of cars, reported attacks on smart cars have ballooned six-fold over the past four years, according to research from cyber-security platform Upstream Security Ltd. While companies have taken note, with Daimler AG’s Car2Go car sharing beefing up security measures after a limited number of accounts were hacked, risks around vehicle cybercrime are only going to get worse. Connected cars are forecast to double to 775 million by 2023, according to Juniper Research, enlarging the pool of convenience features like keyless entry, apps to turn on heating remotely and smartphone connection via bluetooth.
German luxury carmaker Mercedes-Benz on Monday said it would offer discounts on cars imported into China from the United States until March 31 after Beijing suspended additional tariffs on U.S.-made cars. ...
The 25 percent tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. China also may buy at least 3 million metric tons of American corn, said people familiar with the discussions, who asked not to be named as the information is confidential. The moves come two weeks after President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce in the trade war at their meeting in Argentina.
S&P 500 companies are poised to deliver a 22% gain in earnings this year, leaving the benchmark index trading at 15 times forward earnings. For investors looking to next year, an important issue is whether to go with defensive stocks (utilities, real estate investment trusts, health-care companies, and consumer staples), economically sensitive issues (banks, retailers, and industrials), or growth stocks (mostly in technology). Value managers see some of the best opportunities in years, and most of our stock picks trade for 10 times forward earnings or less.
At a time when German carmakers are fighting President Donald Trump’s threat to hit their exports — leaders of the three leading manufacturers went to Washington this month to try to assuage US concerns — Mr Resch’s campaign has exposed them to a wearying domestic battle. Diesel cars, which typically emit significantly more NO2 than petrol-driven vehicles, are seen as a prime cause.
This week, Beijing handed President Donald Trump a small victory. The US Soybean Export Council revealed that China is poised to purchase more than 1.5m tonnes of American soyabeans, the first big import ...
ChargePoint, one of the world's biggest operators of charging equipment for electric vehicles, has struck a deal to supply Daimler (DAIGn.DE) retailers with slow and fast chargers. The move, part of the Silicon Valley-based firm's foray into the European market, comes only two weeks after a $240-million (190-million pound) funding round, its biggest ever, in which Daimler - already an investor - took part via its trucks and buses unit. Daimler's German peer BMW (BMWG.DE) has also invested in ChargePoint, while other shareholders include German industrial conglomerate Siemens (SIEGn.DE), U.S. utility American Electric Power (AEP.N) and oil producer Chevron (CVX.N).
ChargePoint, one of the world's biggest operators of charging equipment for electric vehicles, has struck a deal to supply Daimler retailers with slow and fast chargers. The move, part of the Silicon Valley-based firm's foray into the European market, comes only two weeks after a $240 million funding round, its biggest ever, in which Daimler - already an investor - took part via its trucks and buses unit. Daimler's German peer BMW has also invested in ChargePoint, while other shareholders include German industrial conglomerate Siemens, U.S. utility American Electric Power and oil producer Chevron.
China's reported plan to reduce U.S. auto import tariffs will benefit German automakers as well as Tesla. The larger issue facing many U.S. automakers is steel and import tariffs, which are contributing to rising material costs. Munich-based BMW and Daimler, headquartered in Stuttgart, Germany, are the largest and second-largest U.S. exporters of autos to China.
Beijing sought to ease tensions with Washington as its top trade negotiator told U.S. officials that China was planning to reduce auto tariffs and boost purchases of soybeans and other crops, according to people in both capitals briefed on the discussions. The two sides held a teleconference involving Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the first session since the two sides had reached a 90-day trade truce on Dec. 1 in Buenos Aires. The Monday night talks came amid rising U.S. demands on its economic rival, including calls for China to protect U.S. intellectual property, and to end pressure on U.S. firms to hand over valuable technology to their U.S. partners.
WASHINGTON/BEIJING, Dec 11 (Reuters) - China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world's two largest economies. China's plan was communicated during a phone call between Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning Beijing time, the official said. News of the move, also reported by other media outlets and automotive executives briefed on the talks, boosted automakers' shares and helped lift U.S. shares more broadly before worries about a U.S. government shutdown prompted a pullback.
On Tuesday, though, there are reports that China is discussing cutting the current import tariff of 40% on U.S.-made vehicles down to 15%. Despite GM and Ford being notable auto manufacturers in the U.S., they don't export very many vehicles to China. Through their joint venture partnerships, almost all of their vehicles made for China are produced in China.
Daimler plans to buy $23 billion worth of battery cells by 2030 as the maker of Mercedes-Benz vehicles and commercial trucks prepares to bring dozens of electric and hybrid vehicles to market. The German automaker didn't disclose which companies would supply them with batteries. Daimler's $22.8 billion budget for lithium-ion batteries is just part of its multi-billion effort to launch 130 electric and hybrid vehicles by 2022 as well as commercial trucks, buses and vans.
Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros (18 billion pounds) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company is one of a number of German automakers massively expanding in electric vehicles as European regulators clamp down on toxic diesel emissions. "With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles," Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said in a statement.
Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company is one of a number of German automakers massively expanding in electric vehicles as European regulators clamp down on toxic diesel emissions. "With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles," Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said in a statement.
Retail sales of sedans, multipurpose vehicles and sport utility vehicles plummeted 18 percent to 2.05 million units in November, the China Passenger Car Association said on Monday. Automakers -- which poured in billions of dollars in the past 20 years to bulk up factories in China -- now need to view future expansion plans in a different light. Carmakers’ hopes of a truce in the trade war were boosted last week as President Donald Trump’s tweet claiming that China had agreed to “reduce and remove” tariffs on American-made vehicles.
Frankly I think Americans would be wasting their money on the Mercedes-AMG GT 63 S, since it’s about four times the automobile one could safely access on our dilapidated roads and highways. Honestly, here in the U.S. the whole Mercedes-AMG lineup is Squanderville. Daimler AG The Mercedes-AMG GT 63 S 4-Door Coupe ($185,000, as tested, estimate) is the sedan flagship from Daimler’s nascent luxury-performance brand, based in Affalterbach, Germany, near Stuttgart.
The battery-powered eight-wheeler will ply the streets of Germany’s northern port city of Hamburg, picking up garbage. While Chief Executive Officer Martin Lundstedt expects to go slow on the initial ramp-up, he sees the project as a harbinger for a rapid proliferation of battery-powered trucks to move goods and refuse around urban settings. The race is on with big truck manufacturers including Daimler AB and Scania, as well as upstarts like Tesla Inc. and Chinese companies, to develop electric workhorses.
Daimler (DAIGn.DE) said a proposed deal to combine its mobility services company with that of rival BMW (BMWG.DE) will not close this year, forcing the carmaker to lower the outlook for its financial services division. Daimler said the delay means it will not be able to book valuation and earnings gains this year, causing the financial services division's 2018 earnings before interest and taxes (EBIT) to come in significantly below prior year's level. The valuation gains are now expected to be booked in 2019, Daimler said.
The planned joint mobility company with the BMW Group is expected to be established at the beginning of next year. This has been agreed by Daimler AG and BMW Group. Following the approval of the project by the EU Commission, the two partners are continuing talks with the US antitrust authorities.
The German maker of Mercedes-Benz cars is said to want to take majority control of a Chinese affiliate, following a similar move in October by rival BMW AG. A year ago, those announcements would have been unthinkable, but after years of stalling, Beijing has raised hopes of change by granting foreign banks, carmakers and fund managers better access to the world’s largest pool of consumers.
FRANKFURT/BERLIN, Dec 5 (Reuters) - A trade spat between the United States and China is leaving its mark on Germany's automotive sector with the number of new vehicles in the Chinese market expected to fall this year, the VDA industry association said on Wednesday. China is the most important and historically the fastest growing market for Germany's carmakers but Chinese tariffs on German cars built in the United States have taken their toll.