|Bid||0.00 x 250000|
|Ask||0.00 x 250000|
|Day's Range||57.38 - 58.79|
|52 Week Range||53.55 - 76.36|
|PE Ratio (TTM)||6.49|
|Forward Dividend & Yield||3.65 (6.61%)|
|1y Target Est||N/A|
European Union initiates clean-car collusion probe on the top three German automakers. If confirmed, this may result in a big blow for automakers.
Proterra has raised $155 million in a funding round co-led by Daimler and Tao Capital Partner, a deal that could transform the school bus market in North America. Until now, Proterra has focused on producing electric buses for municipal, federal and commercial transit agencies. The company has developed a line of electric buses that can travel 350 miles on a single charge, enough range to last entire day.
The escalating trade spat between the United States and China is impacting the autos sector with car-makers finding it tough to plan longer-term projects, Martin Daum told CNBC.
"If everyone starts to build a wall and closes economies, we have seen examples of that all over the world, then ultimately the one who closes the border suffers," Daimler board member Martin Daum told CNBC. In June, Trump threatened a 20 percent tariff on all car imports from the European Union. "The steel and aluminium prices skyrocketed in the United States, making our tax more expensive there," Martin Daum said, adding that the big concern is planning future projects.
BRUSSELS—The European Union’s antitrust body has opened a formal investigation into “possible collusion” among Germany’s big car makers to limit the development of technology that would reduce harmful exhaust emissions. The European Commission, the bloc’s antitrust regulator, said Tuesday the probe stems from inspections it conducted in October 2017 at the premises of BMW AG, Daimler AG, Volkswagen AG and its Audi subsidiary. The probe comes in the wake of several scandals regarding European car manufacturers cheating on emissions testing.
BRUSSELS (AP) — European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission control systems.
Daimler's (DAIGn.DE) truck division, the world's largest commercial vehicle maker, expects to post record sales and earnings in 2018 as the economic environment offsets the flow of negative news about trade restrictions. "Both in terms of volume and earnings, we will be for the year as a whole significantly above last year - it will definitely be the best year in our history," the head of Daimler Trucks Martin Daum told journalists on Tuesday at a briefing ahead of the IAA trucks fair in Hanover.
EU antitrust regulators are investigating whether BMW, Daimler and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. The European Commission opened an in-depth investigation on Tuesday, nearly a year after it raided the companies and two years after it slapped a record 2.93 billion euro ($3.4 billion)fine on a group of truckmakers including Daimler for fixing prices and delaying the adoption of cleaner engine technology. The EU executive said the "circle of five" - BMW, Daimler and Volkswagen Group's VW, Audi and Porsche - held meetings where they may have colluded to limit the development and roll-out of certain emissions control systems for cars sold in Europe.
EU antitrust regulators are investigating whether BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. The European Commission opened an in-depth investigation on Tuesday, nearly a year after it raided the companies and two years after it slapped a record 2.93 billion euro ($3.4 billion)fine on a group of truckmakers including Daimler for fixing prices and delaying the adoption of cleaner engine technology. The EU executive said the "circle of five" - BMW, Daimler and Volkswagen Group's VW, Audi and Porsche - held meetings where they may have colluded to limit the development and roll-out of certain emissions control systems for cars sold in Europe.
The European Commission has opened a formal investigation to determine whether BMW, Daimler and VW colluded to avoid competing with each other on clean emission technologies. The EU is assessing whether the companies met to limit the development of catalytic systems that reduce nitrogen oxide diesel emissions and particulate matter ("Otto" systems) from gas-powered cars.
Brussels has launched a formal investigation into alleged collusion between BMW , Daimler and the Volkswagen Group to limit the development and delay the rollout of clean emissions technology. The allegations ...
EU investigating whether BMW, Daimler, VW colluded to limit the development and roll-out of car emission control systems.
Germany’s beleaguered car industry faces another regulatory tangle, as the European Union opened a probe into Volkswagen AG, Daimler AG and BMW AG over suspected collusion that could have delayed clean-emissions technology for cars. The investigation, which could lead to heavy fines, focuses on joint technical talks to develop selective catalytic reduction systems to reduce nitrogen-oxides emissions from diesel cars and "Otto" particulate filters for gasoline engines. "These technologies aim at making passenger cars less damaging to the environment," EU Competition Commissioner Margrethe Vestager said Tuesday in an emailed statement.
Volkswagen AG’s board is working toward a decision to list its heavy-truck division, a move that would generate fresh funds for its bid to challenge global leaders Daimler AG and Volvo AB, according to people familiar with the matter. VW’s supervisory board plans to discuss the matter early next week, and the truck unit will host a capital markets day later in the week at the sidelines of the commercial-vehicle show in Hanover, Germany, said the people, who asked not to be identified as the talks aren’t public. VW intends to list the truck unit’s shares next year, but the exact timing will depend on market conditions, they said.
Various factors, including economic turmoil and ongoing trade spat with Washington result in declining auto sales in China in August.
HAMBURG (Reuters) - Germany's Daimler is buying a 20 percent stake in Heycar, a used-car portal launched last year by its rival Volkswagen, VW said on Thursday. Daimler is acquiring the shares through ...
Corporations are preparing for the arrival of Hurricane Florence on the East Coast of the U.S. by shuttering factories and encouraging workers to keep their homes and families safe from the Category 3 storm. The projected path may affect more than 4,000 manufacturing and distribution facilities in the Carolinas and Georgia, potentially hurting multiple sectors including auto-parts and packaged foods, according to Bloomberg Supply Chain data. Swiss pharmaceutical company Novartis AG has closed its production site in Wilson, North Carolina, through Sunday and expects to resume operations on Monday.
Corporations are preparing for the arrival of Hurricane Florence on the East Coast of the U.S. by shuttering factories and encouraging workers to keep their homes and families safe from the Category 4 storm. Cargill, the agricultural giant and biggest closely held company in the U.S., will close meat-processing plants in South Carolina and Dayton, Virginia, on Sept. 14, spokeswoman April Nelson said in an emailed statement. The Port of Baltimore is already a step ahead, with no containers inbound or outbound at this time, Minneapolis-based Cargill said.
Daimler AG suspended operations at its new Mercedes-Benz van factory in South Carolina after Hurricane Florence prompted orders to evacuate areas in the path of the Category 4 storm.
Frequent cases of recall surface due to problems pertaining to hatchback, risk of fire, brake-related troubles and of course faulty Takata airbag deflators.
Daimler AG is developing an autonomous electric vehicle that can toggle between a people carrier and a delivery van, as the German manufacturer seeks an edge over rivals like Alphabet Inc.’s Waymo and Deutsche Post AG in shaping the future of mobility. The Mercedes-Benz maker’s concept consists of a chassis with two “modules” -- an egg-shaped minibus that can seat as many as 12 and a cargo version -- that can be switched in less than two minutes. The approach is designed to meet the needs of logistics companies and public-transport operators who are short of drivers and want to use their electric vehicles more efficiently, Daimler said in a press release Monday.
Overall, a small increase in August sales is driven by strong rise in SUV sales, robust consumer confidence and low level of unemployment.
Daimler AG is equipping its flagship Mercedes-Benz truck with technology that can take the wheel in situations ranging from stop-and-go city driving to highway cruising, underscoring the quickening shift to an era of self-driving transport. Using camera and radar systems, the revamped Mercedes Actros can independently steer, brake and accelerate without speed restrictions, a first in a mass-produced truck, according to the Stuttgart, Germany-based automaker. “Our Actros makes the logistics business significantly safer for all participants and more efficient for our customers,” Mercedes-Benz trucks chief Stefan Buchner said in a statement ahead of the truck’s premiere in Berlin on Wednesday.
Sep.19 -- Martin Daum, chief executive officer for trucks and buses divisions at Daimler, discusses the demand for trucks, the impact of the trade war on his business, the possibility of an IPO, fuel efficiency of vehicles, margins and autonomous trucks. He speaks on "Bloomberg Markets: European Open."