Automotive industry company news
Volvo Trucks North America’s decision to cut the workforce at its Virginia truck plant by around 25% in February 2016, is likely to send shi...
A highlight for me in the last week was a go in what Nissan UK bills its third generation Leaf - the 2016 update with an optional longer ran...
In the second and final part of this month's management briefing, we take a look at the stand out concepts, production cars and trends seen at the 2015 Frankfurt IAA motor show.
Some of the news is just in today so, you may not have seen all of the stories yet but, after a slight rattling of investors' cages by the recent stock market shenanig..., er, 'correction' in China, this week we have seen automotive investment confidence in three key markets. From Mazda, in Russia, Daimler, in alliance with the Renault-Nissan Alliance, in Mexico and, Nissan again, right here in the UK, for Europe.
Starter for 10 - what new car headed for launch at Frankfurt next September is a vehicle the chief designer swore he'd never do?
This week it was, for once, my turn to stay back and mind the shop while colleagues scurried hither and yon to bring you news and interviews from a number of events here in Olde Engerland and Europe, all the while enduring 35C 'heatwaves', rail delays due to the 'wrong kind of heat', missed plane connections and the usual summer chaos.
At the 2016 CES, Cat Dow talked with Floris Van Der Klashorst, vice-president of HERE Automotive. HERE's a creator of connected navigation solutions and since December 2015 has been owned by an alliance of the German automakers Audi, BMW and Daimler.
Dr. Jens Sommer has worked as Senior Transmission Expert in Shell Global Solutions in Germany since 2010. Currently, he is based at Shell's new Technology Centre in Shanghai to support local OEMs. As Senior Transmission Expert, Dr. Sommer is in charge of manual transmission and dry dual clutch transmission fluid development activities, which covers passenger cars as well as heavy duty applications.
Daimler said it would book a charge "in the mid hundreds of million euros" in financial 2016 to cover costs associated with the recently announced extended recall of 35m-40m Takata inflator-equipped airbags.
Despite presenting fairly solid Q1 2016 performance data on 22 April, and forecasts for the full year for unit sales "slightly below the level of the previous year" and EBIT "at the prior-year" level, Daimler Trucks has now, just less than one month later, acknowledged that these predictions were overly-optimistic.
Romania’s Sebes was not a serious candidate for Daimler’s new engine factory due to the poor infrastructure, according to economy minister Costin Borc, romania-insider.com reported, citing Ziarul Financiar.
Daimler says it is pursuing a "conservative" path of communication surrounding the US Department of Justice (DoJ) request for information regarding exhaust emissions in America.
Mercedes-Benz has gradually started production at its just-opened, 20,000-unit capacity assembly plant in Iracemápolis, 170km/106 miles north-west of São Paulo City.
Mercedes-Benz delivered 198,921 cars to customers in March, more than ever before in one month (+8.4%)
Underlying the good times for premium brands, Daimler’s Supervisory Board chairman has hailed last year as the company’s most successful year ever.
Daimler's Romanian subsidiary Star Assembly has started production of the 9G-Tronic nine-speed automatic transmission.
Daimler announced the Mercedes-Benz plant in Bremen would produce the new GLC Coupé, just launched at the New York show, with the C-Class Cabriolet to follow. By then, the factory will be building 10 different models and taken on 200 current temporary workers as permanent employees.
Progress-Werk Oberkirch (PWO) has unveiled fiscal 2015 net income up EUR200,000 to EUR7.5m (US$8.5m), as well as Group revenue rising from EUR381m to EUR405m.
US vehicle safety regulators announced on Thursday (17 March) 20 automakers have agreed to make automatic emergency braking standard on nearly all US vehicles by 2022, a move that could prevent thousands of rear-end crashes annually.
China’s BAIC Motor Corporation has acquired a 35% stake in Fujian Benz, a joint venture with Germany’s Daimler AG, to become the company’s second-largest shareholder - according to local reports.
Half of British drivers (49%) are concerned about the safety of the connected car, with automotive manufacturers also admitting there could be a security lag of up to three years before systems catch up with cyber threats.
Mercedes-Benz in the US faces a class action lawsuit from the owner of Mercedes BlueTEC diesel car that accuses it of knowingly programming so-called ‘clean diesel’ cars to emit illegally excessive levels of nitrogen oxides.
Daimler's Mercedes-Benz has set up a new hub for transporting new vehicles from Europe to Asia in the Slovenian port of Koper. It started operating at the end of 2015.
Senior Daimler managers are to drive electrified vehicles as part of a company policy to encourage the use of as much zero-emission driving as possible. This year, the automaker wil spend EUR30m extending its charging infrastructure at many sites.
Confirming earlier media reports, Daimler's supervisory board has named Ola Kaellenius (46) as the member of the management board in charge of group research and Mercedes-Benz Cars development starting 1 January, 2017.
The US National Highway Traffic Safety Administration (NHTSA) has confirmed details of the latest 1.7m vehicle recalls by two major German automakers and said a third also plans to recall multiple vehicles from model years dating back over a decade. All are fitted with driver side airbags with potentially faulty Takata inflators.
A EUR15m logistics improvement project at Daimler's Kecskemét, Hungary factory is progressing well after construction started earlier this year, Daimler said.
Daimler's Mercedes-Benz Cars sales and marketing chief Ola Kaellenius will move to head of research and development, German media reports said.
Daimler is to recall around 840,000 vehicles to check for potentially faulty Takata airbags in a move the automaker expects will cost about EUR340m.
In 2015 the European car market totalled 14.2m new registrations, an increase of 9.3% over 2014 full year results; the highest since 2009. The market benefited from the last two months of double-digit growth with December setting the highest positive monthly change of the last three years at 1.16m units. Therefore, the last quarter volume increase was the highest of the year, standing at 10.2% more than in Q4 2014, representing 3.42m cars sold in total. The Seasonally Adjusted Annual Rate, SAAR, came in at 16.52m units.
Here we are again. September 11. On that day in 2001, I was in Frankfurt at the auto show.
Daimler might be one manufacturer that is enthusiastic about Google Glass but it seems a highway patrol officer in California was less than happy to see someone wearing the specs.
Daimler AG - Mergers & Acquisitions (M&A), Partnerships & Al
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Daimler AG (Germany)
This report presents quick facts about Daimler AG, which is principally involved in the Manufacture and Distribution of Automobiles and related Financial Services....
Navistar International Corporation (USA)
This report presents quick facts about Navistar International Corporation, which is principally involved in the Manufacture and Distribution of Trucks, Parts, Engines and related Financial Services....
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