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Posts Tagged ‘daimler news’

Diversity of Daimler AG Board Growing

Company puts Seeger in charge Mercedes-Benz marketing and sales.

by on Jul.22, 2016

Daimler AG Chief Dieter Zetsche is working to find the next generation of Daimler executives, ideally a more diverse group of leaders.

Daimler AG’s top board appointed Britta Seeger to the company’s board of management, responsible for marketing and sales at Mercedes-Benz cars to replace Ola Kallenius.

The 46-year old Seeger, one of the few women to hold a senior executive post within Daimler AG, is one of a group of younger executives being groomed by Dieter Zetsche, Daimler’s CEO, for leadership roles with in the German industrial giant.

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Seeger’s appointment is effective Jan. 1, 2017. She is currently head of Mercedes-Benz operations in Turkey and previously was in charge of Mercedes-Benz operations in South Korea. (more…)

BMW Delaying Launch of 2017 U.S. Diesels

Latest maker hit by fallout from VW diesel emissions cheating scandal.

by on Jul.19, 2016

BMW will delay the launch of its variously diesel models in the U.S. due to added testing.

Even as Volkswagen continues to face new problems related to its cheating on diesel emissions testing, other automakers are facing collateral damage.

The latest to be hit is BMW, the automaker confirming that it will delay the launch of its 2017 diesel models because U.S. regulators want to be sure they comply with federal emissions standards.

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While the maker said there has been “no indication” that its oil burners don’t meet federal rules, the testing process has been delayed, according to various media sources, which will mean that models such as the 2017 BMW 328d sedan and xDrive35d won’t reach showrooms at the same time as the rest of the ’17 line-up.

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Daimler Predicts Quarterly Profits Despite Takata Mess

Mercedes cars expecting small loss.

by on Jul.12, 2016

Daimler will be profitable for the second quarter, although its Mercedes-Benz car division will post a slight loss.

Like other automakers, Daimler AG will release the company’s second-quarter financial report later this month, but it also disclosed it expects earnings for the April-to-June quarter to beat expectations despite the recall of thousands of vehicles equipped with Takata airbags.

“Daimler AG has achieved a Group EBIT adjusted for special reporting items for the second quarter that is significantly above market expectations. Group EBIT adjusted for special reporting items sums up to” 3.97 billion euros, or $4.41 billion, compared with 3.76 billion, or $4.17 billion, for the second quarter of 2015, the company said in a statement this week.

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EBIT is defined as: earnings before income taxes minus interest income plus interest expenses plus amortization of capitalized borrowing costs, Daimler said. (more…)

Mercedes Planning to Tackle Tesla with Electric Performance Sedan

Maker confirms long-range, high-performance electric sedan.

by on Jul.11, 2016

Mercedes-Benz will reveal a concept version of a long-range performance battery sedan in Paris.

Not all that long ago, Tesla and Daimler AG listed each other as partners, the battery-maker’s CEO Elon Musk going so far as to credit the German company with helping keep it in business at a time when Tesla was short of cash.

But that relationship is about to turn into a rivalry. Several reports have suggested Daimler’ Mercedes-Benz brand is working on a high-performance, long-range battery-electric sedan that could take on the California EV maker, and the Germans have now confirmed that plan, with a concept vehicle set to make its debut at the upcoming Paris Motor Show.

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Using a “highly efficient lithium ion battery supplied by Daimler’s subsidiary Deutsche ACCUMOTIVE combined with the intelligent Mercedes-Benz operation strategy allows purely battery-driven ranges of up to 500 km (or about 312 miles) for the first time,” says a statement from Mercedes.

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Daimler AG Acquires Leasing Company for $1.2B

Move makes Daimler bigger player in fleet management.

by on Jul.08, 2016

Daimler's Dieter Zetsche said that the company would be growing its services businesses.

Daimler AG has signed an agreement to acquire its Athlon Car Lease International unit for $1.2 billion as it moves to push deeper in the service sector that the German automaker’s top management believes is the next frontier for car companies across the globe.

During the past couple of years, Dieter Zetsche, Daimler’s chief executive officer, has highlighted services as a growth opportunity for German automaker and now that’s moving from rhetoric to reality.

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Both companies said the deal was subject to the necessary regulatory approvals and was expected closed in the fourth calendar quarter of 2016. The acquisition will significantly increase the scope of Daimler’s fleet-management business, according to Bodo Uebber, the company’s chief financial officer. (more…)

Daimler Investing Around $8 Bil on “Green” Powertrains by 2018.

New, 300-mile electric Mercedes set to debut at Paris Motor Show.

by on Jun.13, 2016

Mercedes plans to launch a new hydrogen car with a plug-in battery system to boost mileage.

Mercedes-Benz parent Daimler AG will invest more than seven billion euros, or $8 billion, on green powertrains over the next two years – about half of its total R&D budget — the automaker said today.

That effort will include a mix of different technologies, including fuel-cell vehicles and clean diesels, as well as various battery drive systems. The maker said that “all” of its vehicle lines will be “electrified” by 2020, with sales of such models expected to be in the “six figures” by then, according to Daimler R&D chief Thomas Weber.

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“We will electrify all Mercedes-Benz passenger car model series step by step,” said Weber,the executive last week announcing that a prototype of a new models capable of 500 kilometers, or about 310 miles per charge, will be revealed at the Paris Motor Show in October.

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Daimler Brings in Outsiders to Check for Diesel Cheats

German maker denied possibility earlier, but EPA reviewing records.

by on May.02, 2016

Dieter Zetsche, CEO Daimler AG, said earlier that the company's diesel engines did not use any type of software to get around testing procedures.

Daimler AG has brought in an outside firm to review its internal records for any sign of cheating on emission tests for diesel engines sold in the U.S. and the European Union.

The auditing firm of Deloitte Touche Tohmatsu was hired to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said.

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The Delotte Touche review is specifically designed to see if Daimler used any devices to manipulate emissions tests. Volkswagen AG has admitted installing software that did so and faces billions in dollars in fines and court cases. (more…)

Tests Suggest Fiat May Also Have Diesel Emissions Issues

German report raises new concerns about emissions cheating.

by on Apr.25, 2016

The report claims VW was found using software that rolled back emissions controls after 22 minutes.

Fiat may find itself embroiled in the growing scandal surrounding diesel emissions problems.

A report out of Germany suggests the emissions control system on the Italian automaker’s diesel engines may be programmed to allow significantly higher levels of pollution if run for longer than 22 minutes at a time.

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Automakers are coming under increased scrutiny in the wake of the Volkswagen diesel cheating scandal – a crisis that has already cost the German maker at least $18.2 billion and subject it to hundreds of lawsuits and potential criminal charges. Mercedes-Benz parent Daimler AG has launched a probe into its own diesel emissions technology following a request from the U.S. Justice Department. And a number of German automakers have already recalled 630,000 diesels to revise emissions control software.

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Daimler Launches Internal Probe of Diesel Cheating Claims

EPA, Justice Dept. seeking automaker’s input.

by on Apr.22, 2016

Mercedes added a new four-cylinder diesel with the launch of the E250 BlueTec.

Facing two lawsuits and a query from both the U.S. Environmental Protection Agency and the Department of Justice Daimler AG has launched an internal investigation into what the government says are “possible indications of irregularities” with the certification of diesels sold by the Smart and Mercedes-Benz brands.

The move comes even as Volkswagen is attempting to push forward with a proposed settlement of its own diesel emissions problems. VW has told a federal judge in California that the company wants to repurchase about 500,000 vehicles sold in the U.S. using software designed to cheat on emissions tests, while also offering owners financial compensation.

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Daimler, meanwhile, is already facing two class action lawsuits filed by a Seattle firm on behalf of owners who claim their vehicles are not compliant with U.S. emissions standards. Those suits are based on research performed in Europe.

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Daimler Looking to Expand Impact of Technology

Maker expects to find more profits through technology.

by on Apr.11, 2016

Daimler's Dieter Zetsche recently told shareholders that advanced technologies will help make Daimler a leader in the years ahead.

Daimler AG plans to embrace the new digital technology to help keep the 130-year old company relevant long into the future as it continues to evolve, according to the company’s chief executive officer.

Dieter Zetsche, Daimler AG CEO and the head Mercedes-Benz Cars, told the company’s shareholders during the company’s annual meeting in Berlin that while digitalization is changing the industry, it is also opening up new opportunities for companies, such as Daimler, that are willing to embrace them.

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For several years now, Daimler has been developing from an automobile manufacturer into a mobility provider, he said and car2go, the company’s car-sharing subsidiary, is the world’s leading car-sharing company with approximately 1.2 million customers. (more…)