|Bid||59.22 x 124500|
|Ask||59.23 x 73800|
|Day's Range||59.02 - 60.00|
|52 Week Range||44.51 - 68.64|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||8.72|
|Earnings Date||Apr 26, 2019|
|Forward Dividend & Yield||3.25 (6.22%)|
|1y Target Est||62.70|
More than 40 vehicles using some form of battery power are on display at the New York International Auto Show. Two of the three finalists for World Car of the Year at the 2019 New York show are fully electric. It wouldn't be much of a stretch to call this year's New York International Auto Show "electrifying," not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center.
A sales decline of 6 per cent is rarely a cause for celebration. The statement by Germany’s Volkswagen is a sign of the gloom surrounding car groups in the world’s biggest automotive market, where sales fell for the first time in almost three decades last year. VW’s 6.3 per cent drop in the first quarter against an overall market decline of 14 per cent in the period follows an economic slowdown that has cast a cloud across the sector.
Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.
Daimler is looking to make 6 billion euros (£5.2 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Daimler is looking to make 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Car2go, the free-floating car-sharing service owned by Daimler, temporarilyshut down its service in Chicago on Wednesday after dozens of Mercedes-Benzvehicles were stolen using the app
Moody's Investors Service (Moody's) has assigned definitive ratings to the notes issued by Daimler Trucks Retail Trust 2019-1 (DTRT 2019-1, or the issuer). Mercedes-Benz Financial Services USA LLC (MBFS USA), a wholly owned subsidiary of Daimler AG (Daimler, A2/P-1 stable), is the sponsor of the transaction, the servicer of the underlying loan pool, and the administrator for the issuer. DTRT 2019-1 is MBFS USA's second term ABS transaction backed by similar receivables.
German car parts maker Continental and French rival Valeo have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia's patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia's patents essential to car communications.
Russian businessman Oleg Deripaska said he was ready to give up control of GAZ after sanctions against the van maker began to bite and as Western partners, such as Germany's Daimler , stopped doing business with the company. Sanctions against GAZ, Russia's biggest van maker, have not yet taken full effect due to licenses for extensions issued by Washington, but are impacting the company, Deripaska said.
German automaker Daimler said it hopes Mercedes-Benz will restart production of its Sprinter Classic vehicles in the near future at the site of sanctioned van maker GAZ, which is controlled by Russian ...
Sila Nanotechnologies and its battery materials manufacturing technology arenow worth more than $1 billion
Germany's Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media. Daimler said in a statement on Tuesday that the dealership in Xi'an city in the northwestern province of Shaanxi had reached an agreement with the customer and was investigating its customer service and business operations, and had suspended the franchise in the meantime. It made no further comment about the move, which came after a video emerged on Chinese social media showing an unhappy Chinese customer protesting at a dealership, and which also prompted a critical response from regulators.
Talk of industry consolidation is heating up as car makers come under pressure from emission regulations and disruption from new tech
SHANGHAI (AP) — Automakers showcased electric SUVs and sedans with longer range and luxury features Tuesday at the Shanghai auto show, wooing Chinese buyers as Beijing slashes subsidies that helped to launch the industry.
Daimler's China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world's biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach. Demand is more than 600 a month," Daimler's China chief Hubertus Troska told reporters at the Shanghai Auto Show. China's move to lower value added tax will help boost overall demand for cars for the rest of the year, Troska added.
SHANGHAI (Reuters) - Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker's CEO said on Tuesday. Dieter Zetsche made the ...
Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker's CEO said on Tuesday. Dieter Zetsche made the comments at a press conference ...
Uber Technologies dropped its offering prospectus late last week as it prepares for an initial public offering in May. The one number it hopes potential investors will notice is revenue growth, which was up 42% last year to $11.3 billion from $7.9 billion in 2017. Core Platform Adjusted Net Revenue?), Uber had $3 billion in operating losses in 2018 and $10.1 billion over the last three.
Zetsche at an event in Shanghai on Monday unveiled what he called a concept for a compact Mercedes GLB with seating for seven and rugged off-road tires. Zetsche said the GLB would not remain a concept for long, and promised the unveiling of a production version by this summer.
Rene-Christopher Wollmann, head of Mercedes-AMG's 2.75 million euros Project One supercar programme, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting toward small start-ups. Players leading the way include the likes of Automobili Pininfarina, Croatia's Rimac, China's Nio and Italian engineering shop Italy's Maniffatura Automobili Torino (MAT).
Daimler is already in hot water for its alleged diesel emissions cheating , but it's about to get worse. Bild am Sonntag has learned that German regulators have discovered evidence of cheating software in roughly 60,000 GLK 220 CDI models made between 2012 and 2015. That's not a small amount -- officials had asked Daimler to recall 700,000 vehicles worldwide, so this represents a nearly 9 percent increase based on one model line.
Germany's motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday. A spokesman for Daimler, owner of Mercedes-Benz, said the carmaker was reviewing the facts and fully cooperating with the KBA. Bild am Sonntag said the KBA was looking into suspicious software in Mercedes-Benz GLK 220 CDI cars produced between 2012 and 2015, after tests showed they only meet emissions limits when a certain function is activated.