Daimler Earnings, Revenue beat In Q1
Investing.com - Daimler reported on Wednesday first quarter {{erl-355||earnings that beat analysts' forecasts and revenue that topped expectations. Daimler announced earnings per share of...
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Daimler News & Analysis
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Daimler Truck cuts production at some locations over chip shortage
FRANKFURT (Reuters) – Daimler Truck, the world’s largest truckmaker, on Monday said it was curbing production at some of its German factories due to a shortage of critical...
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Daimler Truck sees electric trucks costs staying high, FT says
(Reuters) – The chief executive of Daimler Truck said electric truck costs would “forever be higher” than those using combustion engines, the Financial Times reported on Sunday, as...
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Daimler Truck currently not in talks over stake in Russia’s Kamaz
BERLIN (Reuters) – Daimler Truck said on Thursday it was not now in talks over whether it would take over a stake in Russia’s Kamaz from its former parent Mercedes-Benz AG, an issue that...
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Daimler Truck sees 6.1% returns, expects supply troubles in H1
BERLIN (Reuters) – Daimler Truck Holding AG saw an adjusted return on sales of 6.1% in 2021 – up from 1.9% the previous year – with revenue up 10% to 39.8 billion euros ($43.70 billion),...
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European Stocks Edge Higher; Biden Set for Talks in Europe
By Peter Nurse Investing.com - European stock markets edged higher Wednesday, continuing to rebound after recent losses caused by the Ukraine war and the associated inflation concerns. By...
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Daimler Earnings, Revenue beat In Q4
Investing.com - Daimler reported on Thursday fourth quarter {{erl-355||earnings that beat analysts' forecasts and revenue that topped expectations. Daimler announced earnings per share of...
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Daimler AG to rebrand as Mercedes-Benz on Feb. 1
BERLIN (Reuters) - Daimler AG (DE:DAIGn) will be formally renamed Mercedes-Benz Group AG on Tuesday - nearly a year after the spin-off of its truck and bus division was announced - in a...
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Mercedes SA Plans To Introduce Five Full Battery Electric Vehicles In 2022
Mercedes-Benz announced today the introduction of five full Battery Electric Vehicles (BEV) for South Africa in 2022.Through the introduction and inauguration of Mercedes-EQ to the South...
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Mercedes-Benz unveils 1,000 km-per-charge VISION EQXX prototype
FRANKFURT (Reuters) - Mercedes-Benz on Monday took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000 kilometres (km) per charge,...
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Daimler, BYD to restructure China EV venture Denza
BEIJING (Reuters) - Daimler AG (DE:DAIGn) and its Chinese partner BYD Co Ltd have signed an equity transfer agreement to restructure their China EV venture Denza, Daimler said on its...
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Toyota commits $70 billion to bolster electrification, shares rally
By Tim Kelly TOKYO (Reuters) -Toyota Motor Corp on Tuesday committed 8 trillion yen ($70 billion) to electrify its automobiles by 2030, half of it to develop a battery electric vehicle...
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Daimler Truck spin-off already unlocking value, Daimler CEO says
By Victoria Waldersee FRANKFURT (Reuters) - Spinning off Daimler Truck has already proven a solid move to unlock value for Daimler AG (DE:DAIGn) shareholders, CEO Ola Kaellenius said on...
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Stellantis CEO says EV cost burden is 'beyond the limits' for automakers
By Joseph White DETROIT (Reuters) - Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs...
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Detroit's Big Three automakers lag industry on fuel economy
By David Shepardson WASHINGTON (Reuters) -Detroit's Big Three automakers, General Motors (NYSE:GM), Ford Motor (NYSE:F) Co and Chrysler parent Stellantis lag other automakers in fuel...
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In China, global automakers seek clarity from a more ambitious regulator
(This story corrects Mercedes-Benz official's comment in paragraph 13 to show he said the time between when a new rule is known and is effective is "short", not insufficient) By Yilei Sun...
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U.S. Senate Democrat Manchin opposes $4,500 EV union tax credit
By David Shepardson WASHINGTON (Reuters) -Democratic Senator Joe Manchin said on Thursday he opposes a proposal in President Joe Biden's $1.75 trillion social spending and climate...
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In China, global automakers seek clarity from a more ambitious regulator
By Yilei Sun and Brenda Goh BEIJING (Reuters) - For foreign automakers, selling in China - the world's biggest car market and front-runner by far in the adoption of electric vehicles - can...
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Exclusive: Global carmakers now target $515 billion for EVs, batteries
By Paul Lienert and Tina Bellon (Reuters) - Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters...
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Nvidia launches new products to plug cars, factories into its Omniverse
By Joseph White DETROIT (Reuters) - Nvidia is launching new technology to expand its reach in the automotive industry, including a virtual driving assistant that can park a standard car and...
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Daimler Earnings miss, Revenue beats In Q3
Investing.com - Daimler reported on Friday third quarter {{erl-355||earnings that missed analysts' forecasts and revenue that topped expectations. Daimler announced earnings per share of...
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Marketmind: Halloween scare on markets
A look at the day ahead from Saikat Chatterjee. Some ghoulish pre-Halloween drama this week on global bond markets but it hasn't really spooked equity markets, which have marched higher...
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Tesla EV sales boom in Singapore, pushing rivals' models off the streets
By Chen Lin SINGAPORE (Reuters) - In wealthy Singapore, where new vehicle registration is tightly controlled to manage the city state's traffic and pollution, Tesla (NASDAQ:TSLA) Inc is...
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Factbox-Tesla market cap eclipses that of top 5 rival carmakers combined
(Reuters) - Tesla (NASDAQ:TSLA) Inc surpassed $1 trillion in market value on Monday, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp (T:7203), Volkswagen...
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Tesla zooms past $1 trillion market cap on bet that the EV future is now
By Subrat Patnaik, Sanjana Shivdas and David Shepardson (Reuters) -Tesla Inc surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company...
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GM, Ford results likely to reflect chip shortage's varying impacts on sector
By Ben Klayman DETROIT (Reuters) - General Motors Co (NYSE:GM) and Ford Motor (NYSE:F) Co are likely to show investors both the positive and negative financial impacts of the global...
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Fund advisor presses EV startup Rivian on environment, human rights ahead of IPO
By Ben Klayman DETROIT (Reuters) -A union-affiliated pension fund advisor said it is pressing Rivian on human rights and environment concerns in the electric vehicle startup's battery...
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Carmakers shift up a gear in race to go electric
By Nick Carey LONDON (Reuters) - With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global...
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Foreign automakers ask U.S. House Democrats to reject union EV tax credit
By David Shepardson WASHINGTON (Reuters) - A group of 12 major foreign automakers, including Toyota Motor Corp (T:7203), Volkswagen (DE:VOWG_p) AG, Hyundai Motor Co and Nissan Motor Co,...
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German auto giants place their bets on hydrogen cars
By Nick Carey MUNICH (Reuters) - Battery power may be the frontrunner to become the car technology of the future, but don't rule out the underdog hydrogen. That's the view of some major...
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Explainer: Why investigators are still probing Takata air bag inflators
By David Shepardson and Paul Lienert (Reuters) - Why are U.S. auto safety regulators opening a new investigation into Takata air bag inflators installed in millions of vehicles built over...
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U.S. agency confirms air bag safety probe into 30 million vehicles
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators said on Tuesday they have opened a probe into 30 million vehicles built by nearly two dozen automakers that have...
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U.S. opens probe into 30 million vehicles over air bag inflators
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective...
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Special Report-BP gambles big on fast transition from oil to renewables
By Ron Bousso LONDON (Reuters) - Deep in the Oman desert lies one of BP (LON:BP)'s more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy...
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Daimler CEO says carmakers could face chip shortage into 2023
By Ilona Wissenbach and Nick Carey MUNICH (Reuters) - Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into...
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Special Report-How the Chinese tycoon driving Volvo plans to tackle Tesla
By Norihiko Shirouzu HANGZHOU, China (Reuters) - "Do you know how big Volvo is?" asked Don Leclair, finance chief at Ford Motor (NYSE:F) Co.. It was 2008, and Leclair was responding to an...
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Geely's EV brand Zeekr raises $500 million in first external funding
BEIJING (Reuters) -Zeekr, the electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel (NASDAQ:INTC) Capital,...
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Toyota Cuts Show Chip Shortage Ravages Even Best Supply Planners
(Bloomberg) -- Toyota Motor (NYSE:TM) Corp.’s efforts to stockpile enough chips and other key components to ride out supply disruptions only protected the company so long before it too...
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