|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.73 - 15.82|
|52 Week Range||15.44 - 23.58|
|PE Ratio (TTM)||5.69|
|Forward Dividend & Yield||1.13 (6.62%)|
|1y Target Est||N/A|
Moody's Investors Service has assigned provisional rating to the Class A Notes to be issued by Silver Arrow China 2018-1 Retail Auto Loan Asset Backed Notes Trust, a domestic transaction backed by a pool of auto loans originated by Mercedes-Benz Auto Finance Ltd. (MBAFC) in China. Silver Arrow China 2018-1 Retail Auto Loan Asset Backed Notes Trust is the fifth auto loan ABS securitization sponsored by MBAFC.
WELLINGTON, New Zealand (AP) — The European Union's foreign policy chief encouraged companies to do more business with Iran despite new U.S. sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear program.
Global oil prices extended gains Tuesday, taking U.S. crude closer to $70 a barrel, as President Donald Trump's decision to renew "snap back" sanctions on Iran rattled investors. The renewed sanctions, which include limits on U.S. dollar purchases as well as coal, metals and certain industrial software, follow the President's decision to withdraw from a multi-lateral treaty designed to thwart Tehran's nuclear weapons program. Sanctions on countries buying the 3 million barrels of crude that Iran produces each day are due to kick-in in November.
Moody's has not assigned a rating to the EUR 56.5 million Class B Compartment 9 Notes, which have also been issued at the closing of the transaction. Today's rating assignment reflects the transaction's structure as a static cash securitisation of loan agreements entered into for the purpose of financing vehicles to private and commercial obligors in Germany by Mercedes-Benz Bank AG (NR) ('Mercedes-Benz Bank'), which is ultimately owned by Daimler Aktiengesellschaft ("Daimler AG") (A2/P-1). This is the ninth public auto loan securitisation transaction in Germany launched by Mercedes-Benz Bank.
Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: "The new structure positions Daimler to tackle the rapid pace of change in the mobility sector and the corresponding strategic challenges.
European carmakers surged in early Thursday trading, lifting benchmarks around the region, following last night's trade agreement between the European Union and the United States that included a "major concession" on auto tariffs from President Donald Trump. The world's two biggest economic blocs agreed to move towards a "zero tariff" approach to trade, Trump told reporters during a press conference with European Commission President Jean-Claude Juncker in Washington, and vowed to hold their current levies on various goods, including automobiles, in place while they negotiate terms of the "breakthrough" arrangement. Juncker praised Trump for agreeing to hold off on new tariffs for European made cars sold in the United States, calling it a "major concession" in the nearly four hours of talks between the two leaders.
Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "We plan to further strengthen and expand our position with numerous new models and technologies. Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Daimler Financial Services: "Our earnings and the good liquidity and financial situation enable us to continue investing in the future and in new technologies. Daimler AG (ticker symbol DAI) continued its growth in the second quarter of 2018 and once again increased its total unit sales compared with the same quarter of the previous year.
Corporate cash piles at EMEA non-financial companies topped $1 trillion for the second consecutive year in 2017, despite their net M&A spending jumping to a seven-year high, says Moody's Investors Service in a report published today.
- Bosch and Daimler to source Drive Pegasus platform AI processors and software supplied by the U.S. AI computing company Nvidia. - Systems architectures for fully automated and driverless urban driving must be versatile, redundant, and fail-operational. - Bosch and Daimler machine-learning methods will generate vehicle-driving algorithms.
STUTTGART, Germany, July 10, 2018 /PRNewswire/ -- Bosch and Daimler are speeding up the development of fully-automated and driverless driving (SAE Level 4/5) in the city and are decisively setting the course. The partners have chosen California as the pilot location for the first test fleet.
European automakers surged the most in more than a year Thursday as investors reacted to a report that suggested President Donald Trump could back away from this threat to impose new tariffs on imports into the United States if the European Union slashed its levies on American cars sold in the bloc. Germany's Handelsblatt newspaper reported late Wednesday that Richard Grenell, the U.S. Ambassador to Germany, told executives at the country's biggest carmakers during a meeting in Berlin that Trump would consider a so-called 'zero tariff' solution to the current stand-off, which was escalated last month when the President threatened a new 20% levy on European imports, a view he has repeated several times since, including earlier this week during a one-on-one meeting with Dutch Prime Minister Mark Rutte.
Moody's has not assigned a rating to the EUR [56.5] million Class B Compartment 9 Notes, which are also to be issued at the closing of the transaction. Today's rating assignment reflects the transaction's structure as a static cash securitisation of loan agreements entered into for the purpose of financing vehicles to private and commercial obligors in Germany by Mercedes-Benz Bank AG (NR) ('Mercedes-Benz Bank'), which is ultimately owned by Daimler Aktiengesellschaft ("Daimler AG") (A2/P-1). This is the ninth public auto loan securitisation transaction in Germany launched by Mercedes-Benz Bank.
President Donald Trump said Tuesday that the U.S. was close to finishing a study on EU auto imports, suggesting he may be nearing a decision to follow-through on an earlier threat to impose fresh new tariffs on French and German carmakers. , which announced plans to move some of its production facilities outside of the United States in order to avoid paying steep new levies imposed by Brussels, and the broader European auto complex, which he said had "taken advantage" of the world's biggest economy for a long time. ....We are finishing our study of Tariffs on cars from the E.U. in that they have long taken advantage of the U.S. in the form of Trade Barriers and Tariffs.
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. President Donald Trump threatened Friday to place tariffs on European cars, as he told congressional Republicans to stop “wasting their time” on immigration until after the midterm elections, and urged OPEC to boost oil production.
STUTTGART, Germany, June 20, 2018 /PRNewswire/ -- Today, due to current developments, Daimler AG has made a new assessment of the earnings potential for the year 2018. From today's perspective, the decisive factor is that, at Mercedes-Benz Cars, fewer than expected SUV sales and higher than expected costs – not completely passed on to the customers – must be assumed because of increased import tariffs for US vehicles into the Chinese market. As another decisive factor, a negative effect on earnings is to be expected in the second half of the year in connection with the new certification process WLTP (Worldwide Harmonized Light Vehicles Test Procedure).
New Portland center will lead a global network of Daimler Trucks automated truck research and engineering facilities. Daimler Trucks announced today the creation of an Automated Truck Research and Development Center in Portland, Ore. The facility will be located at Daimler Trucks North America (DTNA) headquarters on Swan Island in Portland, where DTNA already has a significant research and development presence, including a full-scale heavy-duty truck wind tunnel on Swan Island and the High Desert Proving Grounds nearby in Madras, Ore.
The White House is ready to confirm tariffs on imported European steel Thursday, according to multiple media reports, in the latest escalation of a brewing global trade war that could slow growth in the world's biggest economies. Multiple media reports suggest the tariffs, which would apply to around $7.5 billion in imported steel and aluminium products, will kick-in on June 1, a date previously established when President Donald Trump unveiled the package on March 23 but allowed for exemptions for certain trade partners, including the European Union. EU President Jean-Claude Junker has threatened to reply with tariffs on $3.4 billion worth of U.S. imports, including Levi's jeans and Harley Davidson HOG motorcycles, but U.S. Commerce Secretary Wilbur Ross warned that any retaliation would only sharpen the White House's resolve.
European stocks edged higher Thursday, as elevated concerns over Italy's deepening political crisis showed signs of abating.
TORONTO (AP) — The car-sharing service car2go said Thursday it is indefinitely suspending its operations in Canada's largest city because parking regulations make its business inoperable.
China's Finance Ministry said Tuesday that it will slash import tariffs on automobiles into the world's biggest car market in what could be the most significant step by officials in Beijing to placate demands of President Donald Trump to trim the country's multi-billion trade surplus with the United States. China will cut the tariff to around 13.8%, the Ministry said, from the current level of 25%, while reducing the levy on imported car parts to 6% from 10%, in an effort to open the market further to foreign competition. The reductions will take effect on July 1, the Ministry said in a statement.
Moody's Investors Service, ("Moody's") has assigned a definitive rating to the Series 2018-A notes issued by Mercedes-Benz Master Owner Trust (MBMOT 2018-A). The rating is based on the quality of the underlying auto dealer floorplan receivables, the strength of the capital structure, and the experience and expertise of MBFS as the servicer. Other factors driving our analysis of MBMOT include the transaction's credit enhancement step-up trigger, early amortization trigger, and vehicle values under stressed scenarios.
Moody's Investors Service, ("Moody's") has today upgraded to Ba1 from Ba2 the corporate family rating (CFR) and to Ba1-PD from Ba2-PD the probability of default rating (PDR) of Volvo Car AB (Volvo Car). Concurrently, Moody's has upgraded to Ba1 from Ba2 Volvo Car's senior unsecured notes rating. "The upgrade of Volvo's ratings was driven by continued improvements in its operating performance and credit metrics and our expectation that this trend will continue in the current fiscal year founded by further successful new model launches," says Falk Frey, a Senior Vice President and lead analyst for Volvo Car.
Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "We are sustainably continuing along our profitable growth course and sold more vehicles than ever before in a first quarter. Bodo Uebber, Member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services: "We made a good start to the year and have continued investing in the future.