DDAIF - Daimler AG

Other OTC - Other OTC Delayed Price. Currency in USD
44.93
-1.67 (-3.57%)
At close: 3:59PM EDT
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Previous Close46.60
Open45.69
Bid0.00 x 0
Ask0.00 x 0
Day's Range44.88 - 46.01
52 Week Range44.80 - 68.01
Volume71,133
Avg. Volume50,811
Market Cap48.063B
Beta (3Y Monthly)1.04
PE Ratio (TTM)4.55
EPS (TTM)9.87
Earnings DateN/A
Forward Dividend & Yield3.64 (7.82%)
Ex-Dividend Date2019-05-23
1y Target Est59.00
Trade prices are not sourced from all markets
  • Daimler Plans to Build Mercedes Benz-Branded Trucks in China
    Zacks

    Daimler Plans to Build Mercedes Benz-Branded Trucks in China

    Daimler AG (DDAIF) will reorganize truck plants that are owned by the company's local joint venture in China.

  • 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.

  • Amazon, Swatch, Daimler and the Risks of a Global Recession
    Bloomberg

    Amazon, Swatch, Daimler and the Risks of a Global Recession

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Investors are bracing for a significant downturn in the world economy, cutting earnings estimates amid a market sell-off. While all cyclical industries face some form of risks, some companies within each sector are more vulnerable than others as the outlook deteriorates.In recent recessions, technology and finance were the triggers -- the internet bubble caused the 2000 market crash and subprime lending led to the 2008-2009 global financial crisis that spread to housing, manufacturing and consumer demand.“The financial sector was leading in 2002-2007. In this cycle, it’s the tech sector,” said Bloomberg Chief Equity Strategist Gina Martin Adams. Still, she cautioned that in spite of the warning signs, it may be too early to predict a recession, adding that “tech is the strength of the economy.”Here are five global companies that may stand to lose more than others:AmazonAmazon.com Inc. is among the most cyclical U.S. internet companies because the Seattle-based e-commerce giant relies heavily on consumer spending. It’s also been building its employee base, adding more than 600,000 jobs and hundreds of huge warehouses to store and ship products. Some of those costs are fixed, while others may be hard to reduce quickly if there’s a steep economic decline. It also faces regulatory risks.“Amazon’s near-term growth may be at risk as macroeconomic conditions worsen, regulatory scrutiny rises and spending cycles spark concern,” Jitendra Waral and April Kim, analysts at Bloomberg Intelligence, wrote in a recent note. “If demand were to slow amid Amazon’s increased spending on logistics, profit would face a double whammy.”One of Amazon’s fastest-growing new businesses -- digital advertising -- is also susceptible to economic ups and downs. Still, Amazon is riding a broad e-commerce growth trend that is unlikely to reverse during a recession.SwatchMakers of luxury items tend to endure more risks in a recession than producers of mass-market consumer goods. This time around, the effects would be compounded by U.S.-China trade tensions and protests in Hong Kong, which has already hurt the city’s economic outlook.Swatch Group AG, the biggest maker of Swiss timepieces, has more exposure to Hong Kong than any other luxury company, generating more than a third of the group’s sales in the Greater China region, according to Kepler Cheuvreux analyst Jon Cox. The maker of Omega watches also has a smaller presence in the steadier luxury categories of jewelry and fashion than rival Richemont, which owns brands including Chloe, Van Cleef & Arpels and Cartier.The high-end segment has also been far less elastic in a downturn. In 2009, Swiss watch exports slumped 22% amid the financial crisis.So far, the economic slowdown in China has done little to damp the appetite of Chinese consumers for luxury goods. But watchmakers are feeling the effects of the sometimes violent demonstrations in Hong Kong, their largest export market. Timepiece sales there could plunge as much as 40% in the second half, Cox said.Swatch also faces sluggish watch sales in Europe. If the U.S. takes a turn for the worse, the industry could be hit by a reversal of the recovery in its second-biggest market.Swatch ExportsDaimlerThe German corporate giant just doesn’t just face a slowdown in its home market -- it also has substantial exposure to a potential downturn in the U.S. The automaker produces two high-margin SUVs in Alabama and its Freightliner division is the leader in the North American heavy-truck market. Demand for transportation of goods tends to closely mirror broader economic swings and analysts say heavy-truck sales in the region have peaked following years of robust growth.Daimler AG relies on the U.S. for about a quarter of the group’s revenue last year. That’s more than Germany or China, where it operates a joint venture with BAIC.After two back-to-back profit warnings following their debut in May, Daimler’s new leadership duo has vowed to improve efficiency. Profitability at the Mercedes-Benz passenger-car division has been sub-par compared with its peers, and the car unit is up against waning demand in its two biggest markets by volume: China and the U.S.CaesarsAn economic downturn could be particularly ill-timed for Caesars Entertainment Corp. The largest owner of casinos in the U.S. is about to increase its debt load again to finance a megadeal, after struggling for years to recover from a 2008 leveraged buyout that left it saddled with debt at the height of the Great Recession. (Caesars ended up putting its largest division into bankruptcy to clean up its balance sheet.)Caesars is set to merge with Eldorado Resorts Inc. early next year in a deal that involves $8.2 billion in new financing, amid rising competition from new casinos, both online and at its properties. Unlike some of its peers that focus more on luxury, such as Wynn Resorts Ltd., Caesars operates a lot of casinos in small markets including Tunica, Mississippi, and Metropolis, Illinois. Combined with Eldorado, it will have 60 owned, operated and managed casino–resorts across 16 states.And even the Las Vegas Strip, once considered invincible as a gambling destination, has yet to see casino revenue return to its 2007 high.Toll BrothersA major economic slowdown would almost certainly hit home sales and prices for builders like Toll Brothers Inc. “If we do go into a recession, housing isn’t going to be the cause,” said Drew Reading, an analyst at Bloomberg Intelligence. “It’s going to be the victim.”The bigger challenge for the industry right now is affordability, especially in high-cost metros on the West Coast. Toll Brothers, the largest U.S. luxury homebuilder, has been trying to diversify geographically. But it’s still highly reliant on California, where it got nearly a third of its revenue last year.One the plus side: Single-family housing starts still haven’t returned to historical levels more than a decade after the financial crisis, which means homebuilders won’t be sitting on as much supply if the economy takes a turn for the worst.\--With assistance from Christoph Rauwald, Kevin Miller, Corinne Gretler, Noah Buhayar, Ian King, Christopher Palmeri and Alistair Barr.To contact the reporter on this story: Cécile Daurat in Wilmington at cdaurat@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Linus Chua, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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

  • Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany
    Reuters

    Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany

    Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans. Carmakers have been forced to consider upgrading exhaust treatment systems on older cars after German cities started banning heavily polluting diesel vehicles to cut fine particulate matter and toxic nitrogen oxides.

  • GM faces declining sales and price wars in largest markets
    Reuters

    GM faces declining sales and price wars in largest markets

    General Motors Co's investors will see on Thursday how the Detroit carmaker is weathering declining sales and mounting price pressures in its largest markets when it reports second-quarter earnings. Slumping industry demand in China, the world's largest auto market, and an escalating price war in the lucrative U.S. pickup truck segment are ratcheting up the pressure on GM. Other automakers, including U.S. rival Ford Motor Co and Germany's Daimler AG , offered disappointing forecasts last week.

  • Benzinga

    Today's Pickup: Over 1,100 Fracking Wells In The Permian Basin Went Unreported In 2018

    The data from Kayrros showed that more than 1,100 wells remained unreported – a mismatch that could have serious repercussions on the available spare production capacity in the U.S. shale oil market. "We learned Alibaba's anti-counterfeiting policies and programs are significantly more effective than any of their U.S. counterparts.

  • Diesel Woes Drive a Big Loss for Mercedes-Benz Parent Daimler AG
    Motley Fool

    Diesel Woes Drive a Big Loss for Mercedes-Benz Parent Daimler AG

    Wrangling over emissions is proving to be very expensive.

  • Benzinga

    Truck Sales A Bright Spot In Daimler's First Quarterly Loss In A Decade

    Daimler AG (OTC: DMLRY) reported its first quarterly loss in a decade on Wednesday (July 24) because of one-time charges related to Takata airbag inflators in Mercedes-Benz cars and legal risks for ongoing diesel emissions investigations in Germany. Daimler is the Stuttgart, Germany-based parent company of Mercedes-Benz cars and Daimler Trucks, the world's largest commercial truck and bus maker. Group sales declined 1 percent to 822,000 passenger cars and heavy-duty trucks and buses.

  • Automaker Daimler says it lost $1.3 billion on diesel vehicles and air bag recalls
    MarketWatch

    Automaker Daimler says it lost $1.3 billion on diesel vehicles and air bag recalls

    Daimler AG (DMLRY) , the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company’s first since 2009 and a bumpy start for new CEO Ola Kallenius, who took over from Dieter Zetsche on May 22 and since then has had to issue two profit warnings. The Stuttgart-based company is under investigation in Germany and the U.S. and faces U.S. civil lawsuits in connection with its cars’ diesel emissions.

  • Barrons.com

    Mercedes and Peugeot owners see shares accelerate after earnings updates

    Peugeot maker PSA defied the global auto slowdown with a 10.6% profit rise in the first half of the year, while Daimler’s stock rose on a more upbeat outlook

  • Daimler vows to cut costs after one-offs bring loss
    Reuters

    Daimler vows to cut costs after one-offs bring loss

    Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter. The company reduced its sales outlook for Mercedes-Benz cars and said 4.2 billion euros in one-off expenses hit earnings, mainly at the cars and vans divisions, contributing to an operating loss at group level, compared with a 2.6 billion profit in the second quarter last year. Daimler pledged to cut costs in response but provided few details under new Chief Executive Ola Kaellenius, who took up the top job two months ago.