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Daimler: Mercedes sells more than 600 Maybach models a month in China

Daimler's China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world's biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach......»»

Category: topSource: reutersApr 16th, 2019

Daimler to start making electric cars in China in 2019

Daimler will start building electric cars in China next year as a way to meet Beijing's stringent anti-pollution quotas for carmakers, even as demand for conventional models like the Mercedes-Benz Maybach remains strong......»»

Category: topSource: reutersNov 28th, 2018

Daimler to open new R&D center in China to accelerate localization

German automaker Daimler AG said on Wednesday it plans to invest 1.1 billion yuan ($158.23 million) in a second research and development center in Beijing to help accelerate localization of Mercedes-Benz vehicle models in China......»»

Category: topSource: reutersNov 14th, 2018

Sources: China"s BAIC seeks to buy 5 percent Daimler stake

China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters......»»

Category: topSource: moneycentralMay 11th, 2019

Exclusive: China"s BAIC seeks to buy 5 percent Daimler stake - sources

China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters......»»

Category: topSource: reutersMay 11th, 2019

Daimler hurt by production delays at Mercedes, China slowdown

Daimler's first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories......»»

Category: topSource: reutersApr 26th, 2019

Daimler first-quarter hurt by production delays at Mercedes, China slowdown

Daimler's first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset costs from a production delay for its Mercedes-Benz GLE and higher raw material costs......»»

Category: topSource: reutersApr 26th, 2019

Daimler first-quarter hurt by China slowdown, raw material costs

Daimler's first-quarter operating profit fell 16 percent despite a 718 million euros one-off gain, it said on Friday, as a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments weighed on earnings......»»

Category: topSource: reutersApr 26th, 2019

Daimler first-quarter weighed by China slowdown

Daimler said its first-quarter operating profit fell 16 percent, weighed down by a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments into its Trucks division......»»

Category: topSource: reutersApr 26th, 2019

Daimler suspends Mercedes franchise in China after customer complaint goes viral

Germany's Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media......»»

Category: topSource: reutersApr 16th, 2019

Daimler open to buying small stake in Volvo

Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish carmaker, Manager Magazin said, raising the possibility of increased cooperation between Mercedes-Benz and China's Geely......»»

Category: topSource: moneycentralApr 19th, 2018

Daimler open to buying small stake in Volvo cars: Manager Magazin

FRANKFURT (Reuters) - Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish carmaker, Manager Magazin said, raising the possibility of increased cooperation between Mercedes-Benz and China's Geely [GEELY.UL]......»»

Category: topSource: reutersApr 19th, 2018

President Trump reportedly poised to ban German luxury carmakers from US market

President Trump reportedly told French President Emmanuel Macron last month that he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York.         .....»»

Category: topSource: usatodayMay 31st, 2018

Daimler issues profit warning, blames U.S.-China trade war

(Reuters) - Daimler AG on Wednesday flagged headwinds for its 2018 earnings mainly due to fewer-than-expected Mercedes-Benz SUV sales and likely higher costs resulting from increased import tariffs for U.S. vehicles into the Chinese market......»»

Category: topSource: reutersJun 20th, 2018

Daimler sees lower 2018 profit, blames trade war, emissions clamp-down

FRANKFURT (Reuters) - Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles......»»

Category: topSource: reutersJun 20th, 2018

Trump"s burgeoning trade war with China is already affecting car manufacturers in the US

Mercedes-Benz Daimler, the parent company of Mercedes-Benz, said profit would fall in 2018 as new import tariffs on cars exported from the United States to China. The company said the tariffs would hurt sales of hi.....»»

Category: topSource: businessinsiderJun 21st, 2018

Mercedes-Benz mulls production shift away from U.S. but no decision taken

German carmaker Daimler on Thursday said it was looking at ways to mitigate the impact of a trade war between China and the United States, a step which includes a review of whether to shift some U.S. production to Asia......»»

Category: topSource: reutersJul 26th, 2018

Daimler braced for emissions-test impact as profit weakens

Mercedes maker Daimler blames U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicts a further decline as new emissions test standards hit sales. Laura Frykberg reports......»»

Category: videoSource: reutersJul 26th, 2018

Daimler braced for emissions-test impact as profit weakens

Mercedes maker Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales......»»

Category: topSource: reutersJul 26th, 2018

U.S. built Mercedes-Benz SUV"s held up by Chinese customs

Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs authorities, Daimler confirmed on Thursday, as a trade dispute between the United States and China heats up......»»

Category: topSource: reutersAug 9th, 2018

Daimler and Geely in ride-hailing tie-up in China

Germany's Daimler is setting up a ride-hailing joint venture in China with Geely Group [GEELY.UL], in a sign the Chinese firm is making progress in its drive for closer relations with the maker of Mercedes-Benz cars......»»

Category: topSource: reutersOct 24th, 2018