|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||13.30 - 13.43|
|52 Week Range||12.75 - 23.58|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||5.40|
|Forward Dividend & Yield||1.13 (8.54%)|
|1y Target Est||N/A|
CNBC'S Phil Lebeau sits down with Mercedes U.S. CEO Dietmar Exler at the LA Auto Show to discuss the company's new line of luxury SUVs, the push toward electric vehicles, and how the company is responding to tariffs.
CNBC's Phil LeBeau reports on how a Daimler plant is moving to build Sprinter vans in the U.S. instead of re-assembling vans originally built in Germany.
Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "Our electric offensive continues to gain momentum. After investing billions of euros in the development of the electric fleet and the expansion of our global battery network, we are now taking the next step: With the purchase of battery cells for more than 20 billion euros, we are consistently pushing forward with the transformation into the electric future of our company. Wilko Stark, Member of the Divisional Board Mercedes-Benz Cars, Procurement and Supplier Quality: "With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles of the EQ product and technology brand.
The planned joint mobility company with the BMW Group is expected to be established at the beginning of next year. This has been agreed by Daimler AG and BMW Group. Following the approval of the project by the EU Commission, the two partners are continuing talks with the US antitrust authorities.
Moody's Investors Service has assigned definitive rating to the Class A Notes issued by Silver Arrow China 2018-2 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 2018-2 Retail Auto Loan Asset Backed Notes Trust is the sixth auto loan ABS securitization sponsored by MBAFC.
Taxify is a $1 billion ride-hailing company headquartered in Estonia that has 15 million users and 500,000 drivers worldwide. Taxify said it is focused on the "long-game" when it comes to regulation in the ride-hailing and scooter markets. Tech unicorn Taxify is chipping away at Uber's dominance in the European ride-hailing market – and its CEO predicts massive growth ahead.
Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "The automotive industry and thus also Daimler are still in a very challenging environment. Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Daimler Financial Services: "Despite the volatile environment, it is important and right for Daimler to invest in the future.
STUTTGART, Germany, Oct. 19, 2018 /PRNewswire/ -- As a result of current developments, Daimler AG today reassessed its earnings outlook for the year 2018 for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group. The main factor is an increase in expected expenses in connection with ongoing governmental proceedings and measures in various regions with regard to Mercedes-Benz diesel vehicles. In addition, Mercedes-Benz Vans records lower unit sales due to delays in vehicle deliveries.
STUTTGART, Germany, Oct. 8, 2018 /PRNewswire/ -- Bodo Uebber has informed the Chairman of the Supervisory Board, Manfred Bischoff, that he does not intend to extend his contract of service, which runs until the end of 2019. After 16 years being a Board member by then, Bodo Uebber, would like to give the company and the new Chairman of the Board of Management of Daimler AG, Ola Källenius, the opportunity to build a new long-term focused team, to shape successfully the upcoming far-reaching structural changes further on. In its meeting on September 26, 2018, the Supervisory Board decided to appoint Ola Källenius as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, effective at the end of the Annual Shareholders' Meeting in May 2019.
The regular expiry of the term of office of the Chairman of the Supervisory Board, Dr. Manfred Bischoff, is at the end of the Annual Shareholders' Meeting in 2021. In view of the challenges presented by the transformation of the automotive industry, the Supervisory Board intends to prepare a suitable succession at an early stage.
Moody's Investors Service ("Moody's") has assigned the following definitive rating to Notes issued by Silver Arrow S.A., acting for and on behalf of its Compartment Silver Arrow UK 2018-1: GBP ...
Moody's Investors Service ("Moody's") has assigned the following provisional rating to Notes to be issued by Silver Arrow S.A., acting for and on behalf of its Compartment Silver Arrow UK 2018-1: ...
Global Production Network NORTH CHARLESTON, S.C. and STUTTGART, Germany , Sept. 5, 2018 /PRNewswire/ -- New part-by-part production facility with body shop, paint shop and final assembly opens in time ...
European carmakers drove markets higher Tuesday, following last night's rally for U.S. auto stocks on Wall Street, following news of a potential overhaul of the North American Free Trade Agreement that could ease tensions between Washington and Brussels and spare the sector from fresh tariffs. President Donald Trump said Monday that he had agreed to a bi-lateral trade deal with Mexico that will replace the current NAFTA framework, despite the exclusion of Canada, that would see around 75% of a particular car's content produced in the NAFTA region, up from the current 62.5% threshold, and 40% to 45% made by workers earnings at least $16 an hour. "They used to call it Nafta," Trump said.
Moody's Investors Service has assigned definitive rating to the Class A Notes 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.