DCX.TI - DAIMLER

TLO - TLO Delayed Price. Currency in EUR
47.18
-0.20 (-0.43%)
As of 3:27PM CEST. Market open.
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Previous Close47.38
Open0.00
Bid47.54 x 550000
Ask47.55 x 550000
Day's Range47.18 - 47.18
52 Week Range47.18 - 47.18
Volume0
Avg. VolumeN/A
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Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
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  • Benzinga

    Daimler Will Buy Electric Truck Battery Modules From Chinese Supplier CATL

    The Daimler Trucks & Buses unit of Daimler AG (DDAIF) will buy lithium-ion battery technology for its Mercedes-Benz, Freightliner and Fuso commercial electric trucks from Chinese supplier Contemporary ...

  • Merkel Offers to Help Germany’s Carmakers With ‘Herculean Task’
    Bloomberg

    Merkel Offers to Help Germany’s Carmakers With ‘Herculean Task’

    (Bloomberg) -- Chancellor Angela Merkel wants to help offset the higher costs of cleaner vehicles by putting a price on carbon-dioxide emissions, potentially offering a lift to Germany’s vital auto industry as it grapples with the high-risk transition away from the combustion engine.Germany and its automakers are facing a “Herculean task,” Merkel said Thursday at a ceremony opening the Frankfurt car show to the public. While short on specifics, the German leader backed efforts to encourage consumers to buy more environmentally friendly products such as battery-powered cars fueled by renewable power.“We want to direct the behavior of people in a certain direction,” she said. “The pricing of CO2 is the right way to make clear that all innovations should follow the goal of emitting less CO2. If we do this in a long-term and accountable way, there will be the incentives to move innovation in the right direction.”Volkswagen AG, Daimler AG and BMW AG are facing tough times. Pollution concerns -- intensified by VW’s 2015 diesel-cheating scandal -- have tarnished the industry’s image and triggered massive investment in electric vehicles. Those costs had already started squeezing earnings when almost a decade of uninterrupted industry growth led by China came to a halt. The consequence is Germany’s car production slumping to the lowest level since at least 2010.The looming end of the combustion-engine era and the dramatically-increasing importance of digital technologies in cars, pose an unprecedented threat to the industry’s traditional business model. A slew of profit warnings from manufacturers like Mercedes-Benz maker Daimler to parts makers like Continental AG provided fresh evidence that times have become rough.Merkel spoke after John Krafcik, the chief executive officer of Waymo. The Alphabet Inc. unit is widely regarded as the global leader in self-driving technology and represents a risk to the country’s car brands, which are largely focused on motoring thrills. Krafcik offered a cooperative tone, even though German manufacturers are wary of allowing the Google parent access to sensitive customer data.“It’s not about competing with car companies. It’s to enable, not disrupt companies in the automotive space,” said Krafcik. “Developing self-driving technology takes a lot of time. There are no shortcuts. We can’t do this on our own.”Germany is teetering on the brink of recession, and the auto industry is pivotal to the economy’s health. Carmakers such as Volkswagen, Daimler and BMW as well as parts suppliers like Robert Bosch GmbH and Continental employ about 830,000 people in the country and support everything from machine makers to advertising agencies and cleaning services.Germany’s auto industry is trying to respond. Electric cars, such as the flashy Porsche Taycan and more affordable VW ID.3, dominated media presentations this week at the Frankfurt trade fair and more models are in the pipeline.Daimler CEO Ola Kallenius backed Merkel’s CO2 pricing plan, saying at panel discussion in Frankfurt that there are costs related to fossil-fuels and it would make sense for a global plan to help fight climate change.For the auto industry, any signs of support would be welcome. Demand for electric cars has been sluggish, and Merkel had to surrender her goal to have 1 million electric cars on German roads by 2020. Sales of hybrid and electric cars in the country last year totaled a mere 55,000 vehicles, or 1.6% of the market.In addition to boosting efficient technologies, the country needs to accelerate the roll-out of charging stations to ease consumer concerns, she said.“If one believes that climate protection is a task for mankind, and I believe it is, then we must pay this price because otherwise we will have to pay a totally different price,” Merkel said.(Adds comment from Daimler CEO in 10th paragraph)To contact the reporters on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Arne Delfs in Berlin at adelfs@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Chris Reiter, Raymond ColittFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Electric Cars Are Here. Now How About Selling Them
    Bloomberg

    The Electric Cars Are Here. Now How About Selling Them

    (Bloomberg) -- It only took a decade for traditional automakers to take electric cars seriously and offer more than a smattering of test-the-water models.Now comes the hard part: Getting consumers to buy them.At Frankfurt’s 2019 car show, Volkswagen AG Chief Executive Officer Herbert Diess laid it on thick, calling on governments to give up coal-fired power as he unveiled the electric ID.3 car-for-the-masses. At the Mercedes-Benz stand, where the Daimler AG brand was showing the prototype of an electric S-Class sibling, real beech trees framed massive screens displaying schools of digital fish.The message to environmentally conscious consumers: we’re with you. But a marketing blitz alone won’t wash away the deep uncertainties facing electric cars -- obstacles little changed since carmakers’ initial forays with models like the Nissan Leaf and BMW AG i3. Customers don’t like paying up for new technology they’re unsure about, and they’re worried they won’t reliably get to where they want to go.“The next big thing is not going to be about the cars, because they will come,” Carlos Tavares, president of the European Automobile Manufacturers Association and CEO of Groupe PSA, said Wednesday. “The next big thing is about affordable mobility. The next big thing is about how we make this work for the biggest number of people.”So far, electric cars have only proliferated in countries with significant sweeteners. Once they go, sales of battery models crater. Demand in China, the world’s biggest electric car market, fell 16% in August -- its second straight decline -- after the government scaled back subsidies. Carmakers can reduce prices, but then only cut into profitability that in most cases has been nonexistent.Consumers are similarly sensitive elsewhere. Demand in Denmark collapsed when the government phased out tax breaks in 2016.“We’ve been talking about EVs for years, but this year the real production cars showed up,” Max Warburton, an analyst at Sanford C. Bernstein, wrote in a note. “Should we be celebrating these cars, given the poor margins that most will have?”Across Europe, sales of new plug-in hybrids and fully-electric cars last year made up 2% of total registrations. That’s a tiny market to tussle over for the likes of VW’s ID.3, with a price point below 30,000 euros ($33,009), Tesla Inc.’s Model 3 and Mercedes’s gleaming lineup of plug-ins. Yet carmakers have little choice but to boost their offering to keep pace with regulation, or face fines.Consumer demand “can’t be mandated,” Daimler CEO Ola Kallenius said at the show. Mercedes-Benz is adding at least 10 purely battery-powered cars through 2022 at a cost of more than 10 billion euros, starting with last year’s EQC SUV, so the carmaker’s lineup can to meet stricter emission limits.A lot of factors are moving in the right direction. The ID.3’s price point and basic range of 330 kilometers (205 miles) sets the car apart from previous efforts that needed meticulous pre-planning for longer trips. At the top end, there’s now the $185,000 Porsche Taycan Turbo S, and a mid-range that’s rapidly filling out from SUVs like the Jaguar I-Pace and Audi e-tron.Patchy charging infrastructure is improving too. Ionity, a consortium of Daimler, VW, Ford Motor Co., BMW and now Hyundai Motor Co., is on track to finish building a network of 400 European fast-charging stations by next year to make long-distance travel easier.Lean YearsFor carmakers, this will mean some lean years -- at least to 2025 when battery prices are expected to come down -- during which lucrative conventional SUVs must subsidize poor returns from their electric cousins. VW will need “patience” until the ID.3 brings significant profit “joy,” Chairman Hans Dieter Poetsch said.To bridge the gap, the industry is lobbying hard for governments to step up incentives to get to the oft-cited tipping point where driving without a combustion engine becomes normal. In Germany, home to VW, Mercedes and BMW as well as world-leading suppliers like Continental AG, the government sits down next week to discuss broad climate measures. Carmakers are hoping for a bigger slice of subsidies than they got so far.The ACEA on Wednesday called on national governments to boost charging points in Europe to 2.8 million by 2030, a 20-fold increase from 2018.“We need strong support, because if we don’t do it,” simply offering electric cars won’t be enough for sales to take off, PSA’s Tavares said.\--With assistance from Richard Weiss.To contact the reporters on this story: Oliver Sachgau in Munich at osachgau@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Elisabeth BehrmannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Daimler Self-Driving Truck Seen in Virginia
    Market Realist

    Daimler Self-Driving Truck Seen in Virginia

    Daimler (DDAIF) Trucks, along with Torc Robotics, has tested its SAE level 4 self-driving trucks, which it's planning to launch commercially.

  • Daimler to source battery cells from Farasis Energy
    Reuters

    Daimler to source battery cells from Farasis Energy

    Daimler has struck a deal to buy lithium ion battery cells from Farasis Energy, a Chinese-American supplier that is building a factory in east Germany to help Mercedes-Benz ramp up electric vehicle production, it said on Tuesday. Farasis is constructing the plant in Bitterfeld-Wolfen in Germany's Saxony-Anhalt region, Markus Schaefer, Daimler's board member responsible for research and Mercedes-Benz Cars development, said at the Frankfurt car show. "It will be a multiple gigawatt facility and it will supply cells for our battery plants in Kamenz, Bruehl and Sindelfingen," Schaefer said, adding that the energy needed to produce the battery cells will come from renewable sources.

  • Mercedes Unveils an Electric Sibling for Flagship S-Class
    Bloomberg

    Mercedes Unveils an Electric Sibling for Flagship S-Class

    (Bloomberg) -- Mercedes-Benz gave car buyers a glimpse of the top-end of its electric model plans, showing off a sleek silver battery-powered concept version to complement the flagship S-Class sedan.So far luxury cruisers have remained a mainstay for traditional combustion-era heroes, with only plug-in hybrids available for the likes of BMW 7-Series or the recently revamped Audi A8.Mercedes-maker Daimler AG’s plans for at least 10 purely battery-powered cars through 2022 will give the manufacturer the right lineup to meet stricter European emissions rules, Chief Executive Officer Ola Kallenius told reporters in Frankfurt. However, meeting the targets was a “substantial challenge” because consumer demand “can’t be mandated.”The world’s bestselling luxury-car maker introduced the EQC electric sport utility vehicle last year, its first model to challenge U.S. electric-car market leader Tesla Inc. It followed up with a battery-powered version of the V-Class minivan this year and has shown a prototype EQA compact.The S-Class, favored by wealthy managers and politicians the world over, has for decades delivered premium profits to Mercedes. The future for stellar returns on powerful and heavy sedans is darkening with the need to cut fleet emissions, with heavy fines looming in Europe.Mercedes didn’t say when the car will be on sale, but outlined a real-world driving range of 700 kilometers (435 miles), and a battery that can charge to 80% in less than 20 minutes. The car also offers highly-automated driving on highways.The interior features traditional and new materials, like white microfiber made from plastic bottles combined with maple. The roof material is a textile created with recycled ocean waste.Daimler was one of the first manufacturers to warn of the growing headwinds triggered by the U.S.-Chinese trade spat. Homegrown problems have also beset the world’s biggest luxury carmaker, like production hiccups of the popular GLE SUV alongside growing regulatory scrutiny over its diesel emissions that have torpedoed the company’s earnings forecasts.(Updates with CEO comment in third paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Elisabeth Behrmann, Andrew BlackmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Daimler enlists computer game designers to encourage efficient driving
    Reuters

    Daimler enlists computer game designers to encourage efficient driving

    Daimler is hiring computer programmers to create games that encourage electric and hybrid vehicle owners to drive more efficiently, the company's research chief Markus Schaefer said on Tuesday. Mercedes vehicles have enough graphics processing power from their use of stereo cameras to also power sophisticated graphics, he said at the Frankfurt autoshow. "We have lots of employees from the gaming industry working on user interfaces," Schaefer said.

  • Reuters

    Automakers turn on style to try to switch SUV fans to electric

    Mercedes-Benz and Porsche are showcasing curvaceous, high-end electric sports cars at the Frankfurt auto show as part of an industry effort to counter Tesla, avert billions in European pollution fines and defuse complaints from climate activists. Germany's premium automakers are now marketing electric cars as their flagship models, a strategy which Daimler, Volkswagen and BMW hope will lure customers away from gas-guzzling SUVs that could soon land them with hefty fines under new EU emissions rules. “We have moved on from treating the electric car mainly as an engineering challenge.

  • Benzinga

    Daimler Trucks Begins Level 4 Autonomous Testing On Public Roads

    Daimler Trucks is testing high-automation trucks on public roads in Virginia, following through on a pledge to make Level 4 automation a reality this year. The subsidiary of Stuttgart, Germany-based Daimler AG accelerated its testing efforts through the purchase of 13-year-old software provider Torc Robotics in March. Daimler plans to commercially produce heavy-duty trucks that can drive themselves in most situations within the decade.

  • Geely to bring air taxis to China in tie-up with Daimler-backed Volocopter
    Reuters

    Geely to bring air taxis to China in tie-up with Daimler-backed Volocopter

    German startup Volocopter said it plans to form a partnership with Zhejiang Geely Holding Group that will bring its air taxis to China and that it has raised 50 million euros ($55.13 million) in fresh funding from the Chinese company and others. Volocopter, which says it is building the world's first manned, electric and vertical takeoff air taxis, said in a statement on Monday that the other investors in the new funding round include German luxury car maker Daimler , which it had previously raised money from. Geely's chairman Li Shufu said in the statement that the investment reflected how the Chinese company is transitioning to become a mobility technology group, investing in and developing a wide range of next-generation technologies.

  • Financial Times

    Geely takes stake in German flying taxi start-up Volocopter

    Geely will take a minority stake in German flying taxi start-up Volocopter, the latest investment from the Chinese carmaker in Europe’s largest economy after it controversially bought into Mercedes-Benz owner Daimler last year. In addition to the funding, Geely aims to work with Volocopter to launch air taxis in Chinese cities, adding to the company’s growing transportation arsenal. As well as owning a host of carmakers including Volvo Cars, sports car brand Lotus and black-taxi maker LEVC, Geely is developing supersonic trains alongside the state-owned China Aerospace Science and Industry.

  • Benzinga

    Mercedes-Benz Collaborates On Blockchain-Based Used Car Management Platform

    Beijing Mercedes-Benz Sales Service (BMBS) has partnered with PlatOn, a blockchain-based used car value management platform to help understand the value depreciation of its cars and automate the process in real-time.

  • Benzinga

    Daimler Trucks Produces Milestone 750,000th Heavy-Duty Truck In North Carolina

    Thirty years after acquiring its plant in Cleveland, North Carolina, Daimler Trucks North America (OTC: DMLRY ) produced the 750,000th heavy-duty truck there, a flagship Freightliner Cascadia. United Parcel ...

  • Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China - sources
    Reuters

    Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China - sources

    German auto maker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, according to a document seen by Reuters and two sources familiar with the matter. The plan will deepen the alliance between Daimler and its Chinese truck JV partner, Beiqi Foton Co Ltd , and comes after the purchase of a 5% stake in Daimler last month by its Mercedes Benz passenger car partner, Beijing Automotive Group Co Ltd (BAIC), Foton's parent group. "Localization of Mercedes Benz-branded trucks had been planned years before, so it has nothing to do with BAIC Group's recent stake purchase in Daimler," one source said.

  • Benzinga

    Daimler Trucks Drills Down On Customer Experience

    Daimler Trucks North America (OTC: DMLRY ) is creating a customer experience organization that builds on annual Customer Experience Day exercises started two years ago. The unit of Stuttgart, Germany-based ...

  • Benzinga

    2020 Freightliner Cascadia Evolves Into Technological Tour de Force

    Already the undisputed Class 8 sales leader, the 2020 Freightliner Cascadia arriving this fall is a technological tour de force that allows the truck to do most of the work of driving. Level 2 automation requires the driver to stay engaged and monitor the environment at all times.

  • Mercedes reviews vans model portfolio as diesel debate hammers sales
    Reuters

    Mercedes reviews vans model portfolio as diesel debate hammers sales

    Daimler is reviewing the product portfolio at its vans division, where sales have been hit hard by doubts about the cleanliness of diesel engined vehicles, Mercedes-Benz executive Marcus Breitschwerdt said on Tuesday. "In order to optimize our performance, this also means reviewing and realigning our strategic orientation," Breitschwerdt, head of Mercedes-Benz Vans, said at the launch of an electric Mercedes-Benz van on Tuesday. Daimler will seek cost-saving opportunities, including through a review of the company's' product portfolio, he said.

  • Benzinga

    First Freightliner eCascadias Readied For Customer Testing

    Daimler Trucks North America will deliver the first two battery electric-powered Class 8 eCascadia trucks to fleets in Southern California in late August. About a million heavy-duty diesel trucks operate in California each year. The two Freightliner trucks were assembled at Daimler's research and development center in Portland, Oregon.

  • Proterra, the Tesla of electric buses, closes in on $1 billion valuation
    TechCrunch

    Proterra, the Tesla of electric buses, closes in on $1 billion valuation

    Proterra has authorized shares to raise $75 million, a new round of fundingthat would push the electric bus maker's valuation past $1 billion, TechCrunchhas learned