Daimler AG Stock News

Mercedes-Benz Group AG ( OTCPK:DDAIF ) Q1 2022 Earnings Conference Call April 27, 2022 2:00 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations and Treasury Harald Wilhelm - Chief

Mercedes-Benz saw no impact from the stop in gas deliveries from Russia to Poland and Bulgaria on its plants, but was nonetheless working on ways to reduce its gas demand, the company said on Wednesda

Mercedes-Benz said it expects inventories to remain high in the second quarter as supply chain bottlenecks hinder production and deliveries, with semiconductor supply still very volatile.

Beaten-down EV stocks can draw inspiration from new product launches scheduled for the year. This will serve to accelerate EV adoption.

Mercedes (DDAIF) to launch EQS electric SUV with premium features. The vehicle is expected to hit the U.S. market by the end of 2022.

Mercedes-Benz unveiled its EQS sport utility vehicle (SUV) on Tuesday, a 660 km (410-mile) range car that will be made in America and go on sale by autumn.

In a direct and perhaps theoretical challenge to Tesla, Mercedes-Benz brought to the New York International Auto Show on Wednesday its Vision EQXX concept, freshly returned from a European road trip w

Mercedes-Benz USA, the parent company of Mercedes-Benz Group (DDAIF) sells 75,939 vehicles in the first quarter of 2022, down 15.5% year over year.

Igor Bonifacic Contributor Igor Bonifacic is a contributing writer at Engadget. More posts by this contributor Microsoft shuts down AltspaceVR’s social hubs to combat harassment Apple will reportedly hold its next hardware event in early March Ahead of its official debut on April 19th, Mercedes-Benz has shared a first look at the interior of the 2023 EQS […]

Mercedes-Benz opens a battery plant in Bibb County, Alabama as the luxury car maker looks to move in on Tesla.

By Joseph White TUSCALOOSA, Ala. (Reuters) - Mercedes-Benz AG opened its first U.S. electric vehicle (EV) battery factory on Tuesday and said Japanese battery maker Envision AESC would supply battery modules for U.S.-made Mercedes EVs from a new U.S. plant by the middle of the decade. Alongside the launch of its Bibb County, Alabama battery plant, Mercedes also p…

LONDON, United Kingdom – Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalize the property of foreign firms that leave because of its invasion of Ukraine , the German premium carmaker said. The company said in its annual report released on Friday, March 11, that the war in Ukraine raised a range of risks from disruptions to parts to energy supply or even cyberattacks. “These risks could be exacerbated by the potential expropriation of assets of Russian subsidiaries,” Mercedes-Benz said. Russia’s ruling party, United Russia, said this week a government commission had approved the first step towards nationalizing the assets of firms more than 25% owned by foreigners from “unfriendly states.” Mercedes-Benz has a car plant in the town of Esipovo 40 kilometers (25 miles) northwest of Moscow with over 1,000 employees that produces E-class sedans and SUVs. It was opened in April 2019 with Russian President Vladimir Putin in attendance.

As Russia’s invasion of Ukraine continues to disrupt global markets markets, more big companies are frowning on Russia’s show of power and are taking action to show solidarity with Ukraine by exiting the world’s largest country one after the other across different sectors. About two weeks after the invasion started, at least 40 companies have left Russia or stopped the sale of their products and services in the county in no particular order. Manufacturing Car and truck makers such as General Motors Company, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, Harley-Davidson, Mercedes Benz, and Volkswagen, announced they would halt shipments to Russia or shut down assembling plants in the country. Volvo and Daimler Truck Holding AG also suspended business activities in the country. “We clearly stand for peaceful global cooperation and categorically reject any form of military force; we have decided to suspend our business activities in Russia with immediate effect until further notice,” Daimler tweeted via its official handle.

Russia’s invasion of Ukraine has further disrupted global supply chains with automakers facing challenges like shortages of components and rising material costs, leading to an overall decline in availability of cars in international markets. European carmakers Mercedes-Benz and Audi have announced plans to scale down production at their plants due to supply disruption of auto […]

FRANKFURT, Germany: The German sports company Puma said Saturday (Sunday in Manila) it would temporarily shutter its shops in Russia, following other retailers and businesses in suspending their operations after the invasion of Ukraine. The outfitter, based in Herzogenaurach in Germany, said in a statement it had "decided to suspend operations of all its stores in Russia," after a similar announcement earlier on Saturday by the Spanish clothing giant Inditex, owner of Zara. "Less than four percent" of the German sportswear company''s revenue came from Russia, a spokeswoman for Puma told AFP, with the global figure coming to 6.8 billion euros ($7.4 billion) in 2021. Puma will "continue to pay the full salary of our employees" at "more than 100" retail locations across the country, the spokeswoman said. The German brand on Thursday said it would "suspend its contract With the Russian Basketball Federation", after the decision of the International Olympic Committee to recommend the exclusion of Russian athletes from international competition.