Daimler, Volvo to Join Forces on Fuel Cells

Daimler, Volvo to Join Forces on Fuel Cells

Two of the world’s biggest makers of big commercial trucks, Daimler AG and Volvo Group, are teaming up to work on the development of trucks powered by fuel cells. “Transport and logistics keep the world moving, and the need for transport will continue to grow....
Daimler, Other Makers Cut Production as Virus Spreads

Daimler, Other Makers Cut Production as Virus Spreads

The number of automakers shutting down or reducing output at their production facilities continues to grow in the U.S. and Europe. Daimler AG, BMW Group and Toyota have joined several other automakers in suspending production in Europe, as well as work in selected...
Daimler Execs Chronicle Pandemic’s Hit to Bottom Line for Q1

Daimler AG Makes Cuts, Changes Among Top Executives

Daimler AG CEO Ola Källenius didn’t wait long to implement his newest plan to use further headcount reductions to help bring the German company’s profitability back up to expected levels — and he’s starting at the top. Källenius, who also instituted staff cuts when he...
New, All-Electric Smart Ready to Roll

New, All-Electric Smart Ready to Roll

With the introduction of the new generation smart car, the brand returns to its origins with the systematic switch to emission-free, battery-electric powertrains with progressive design and intelligent connectivity. Daniel Lescow, head of Brand and Product Management...
Rising Diesel Costs Help Cut Daimler Profits in Half

Rising Diesel Costs Help Cut Daimler Profits in Half

Daimler AG continues to deny cheating on emission tests despite the fact that the costs associated with its defense grows as the company’s operating income weakens. Daimler said Wednesday that it will set aside between 1.1 billion euros ($1.2 billion) and 1.5 billion...