|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||6.21|
|Forward Dividend & Yield||4.50 (7.01%)|
|1y Target Est||78.32|
Workers in Affalterbach have been stuffing big, stout engines under the hoods of Mercedes-Benz sedans for decades, creating iconic performance cars like the ur-AMG Rote Sau — the "Red Pig," a 300 SEL with a 6.8-liter V8 — or the extremely 1980s AMG Hammer. Until recently, most road-going AMGs have been phenomenal straight-line killers that didn't hold up as well as cars from BMW, Audi or Porsche on a track or a winding backroad. Every AMG engine is work of art, a sweet and torquey ode to internal combustion.
said Wednesday that long-serving CEO Dieter Zetsche would step down as CEO of the luxury automaker next year, and move to the supervisory board, in order to make room for new boss Ola Kaellenius in one of the biggest management shakeups for the iconic German group in decades. Zetsche, 65, is one of the most respected names in the global auto industry and has led Daimler since it demerger from Chrysler in 2007, driving the group to record sales and reestablishing the Mercedes brand after years of concerns over quality and performance. Zetsche has also struggled to drag Daimler away from Germany's ongoing 'diselgate' scandal, which has prompted a European Commission investigation into possible collusion between the country's biggest carmakers that officials say may have denied customer access to less-polluting vehicles.
Daimler AG (DAIGn.DE) on Wednesday named Swede Ola Kaellenius as chief executive from 2019 and proposed that current CEO Dieter Zetsche would become chairman of the supervisory board in 2021. Zetsche will step down from his positions on Daimler's management board and as head of Mercedes-Benz Cars, effective at the end of the annual shareholders' meeting in 2019, Daimler said. Kaellenius, 49, will then be appointed as CEO of the group, and Markus Schaefer, currently head of production, will succeed him as head of development at Mercedes-Benz Cars.
FRANKFURT (Reuters) - Daimler AG (DAIGn.DE) on Wednesday named Swede Ola Kaellenius as chief executive from 2019 and proposed that current CEO Dieter Zetsche would become chairman of the supervisory board ...
Mercedes-parent Daimler said chief executive Dieter Zetsche will step down in 2019 and be appointed to the supervisory board, setting the stage for him to become chairman of the group in 2021. The Stuttgart-based group also said Mr Zetsche would be replaced by Ola Källenius, a board member who currently oversees research and development. Manfred Bischoff, chairman of the supervisory board — which at German companies hold management to account — will step down in 2021.
Daimler AG accelerated a management transition, naming its development head Ola Kallenius to replace Chief Executive Officer Dieter Zetsche two years ahead of schedule as the German carmaker confronts jarring changes in the automotive industry. Kallenius, the first non-German to take the helm of Daimler, will become CEO in 2019, Daimler said Wednesday in a statement.
FRANKFURT (Reuters) - Chinese carmaker Zhejiang Geely Holding Group Co remains committed to being a long-term partner for Daimler, vice president Frank Li said, as talks about cooperation possibilities ...
Tesla (NASDAQ:TSLA) has been all over the map, forcing investors to focus on seemingly everything except the automaker’s production. Tesla stock has been as volatile as ever, thanks to concerns over CEO Elon Musk, the Justice Department and whether the company is going private. One must wonder where TSLA stock price would be trading had Musk not said anything about “considering” taking Tesla private at $420 per share shortly after the company reported its second quarter earnings.
The news hit shares in BMW, which fell more than 4 per cent, but also resounded across the sector, with Daimler shares down 2.4 per cent and Volkswagen down 2 per cent. UBS analysts forecast the profit warning would send “shockwaves” across the industry. “This will likely weigh not only on BMW’s ‘safe haven’ image [among carmakers], but also increase investor concerns about the auto cycle in general and the political backdrop going into 2019,” they wrote.
The Lamborghini Huracán has been around since the 2015 model year, and has been pretty much unchanged with the exception of a slightly restyled rear-drive variant. Lamborghini seems to think it's about time the Huracán was updated, since one of our spy photographers caught a new version in light camouflage out testing. It appears the new model borrows heavily from the Huracán Performante.
Just as the public has been getting a slow drip of information about the Project One, Mercedes-AMG has been slowly accumulating its own details and information on the potentially revolutionary hypercar as it goes through test after rigorous test. As such a hotly anticipated car, Mercedes-AMG is well aware spy photographers and car enthusiasts are stoked about any brief look at the car testing on-track. It's possible the official press release is a response to a recent report from Germany's Auto Motor und Sport that pointed out the car had been testing on closed race tracks in England and Spain.
European Union initiates clean-car collusion probe on the top three German automakers. If confirmed, this may result in a big blow for automakers.
The South Korean automaker said it would next year begin rolling out 1,000 fuel-cell trucks in Switzerland as part of a five-year tie-up with Swiss hydrogen company H2 Energy. The move represents a bet by Hyundai on the emission-free technology, which operates by converting stored hydrogen into electricity to power the vehicles’ motors.
While the 2019 Mercedes-Benz A-Class is handsome and we're excited to soon try it out, we also knew that it would only be a matter of time before AMG did something with it, and that thought has been more enticing. Now AMG has revealed the fruits of its labor, the 2019 Mercedes-AMG A 35. Also, 302 horsepower and 295 pound-feet of torque is nothing to sneer at, since it's more power and torque than the VW Golf R, and the Honda Civic Type R only makes 4 more horsepower and has the same torque.
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.
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.
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.
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."