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Daimler sees its fuel cell vehicle fleet in showrooms by 2015

Harsh — Mon, 08 Sep 2008 21:42:58 +0000

Daimler AG plans to bring fuel cell based vehicles into production in less than 10 years. According to Christian Mohrdieck, the Director of fuel cell system development at Daimler, fuel cell technology will be well advanced and ready to produce...

Daimler's 2Q profit slips to nearly $2.2 billion

AP — Thu, 24 Jul 2008 10:55:06 +0000

Car maker Daimler AG said Thursday its second-quarter profit slipped mainly on charges related to its stake in Chrysler LLC, and blamed its reduced full-year earnings outlook on a slowing global economy and higher production costs.The company said...

Mercedes-Benz would go electric by 2010

Desh — Tue, 24 Jun 2008 07:47:35 +0000

We are witnessing an era where petrol and gasoline prices are soaring sky high. So, it’s very much natural we look for the alternatives, and designing automobiles to be electric is the most convenient option. Well, Daimler expects two new...

Daimler's 1st-quarter profit slips without one-time gains

AP — Tue, 29 Apr 2008 10:53:08 +0000

Automaker Daimler AG says its first-quarter profit slipped from last year, when its results were lifted by a one-time gain from the transfer of shares in Airbus parent EADS.Stuttgart-based Daimler says it earned 1.3 billion euros ($2.03 billion)...

Daimler, BMW discuss sharing components

AP — Sun, 20 Apr 2008 18:03:40 +0000

Daimler AG, the maker of Mercedes-Benz cars, is discussing sharing components and technology development with rival BMW AG, Daimler CEO Dieter Zetsche said Sunday.The luxury automakers see each other as direct competitors, and the possibility...

Daimler Sees Growth in Emerging Markets

AP — Wed, 09 Apr 2008 11:08:31 +0000

Daimler AG expects sales increases for its luxury cars in markets like China and Russia to offset expected slowdowns in major markets like the U.S.Speaking ahead of the start of the company’s annual shareholder meeting Wednesday in the German...

Daimler Plans New Battery for Hybrid

AP — Sat, 01 Mar 2008 19:33:59 +0000

Daimler AG is planning to roll out a hybrid version of its Mercedes-Benz flagship S-Class luxury sedan that uses a kind of battery already widely used in consumer electronics.Daimler said that it has adapted lithium-ion technology to meet...

Chrysler Loss Pegged at $2.7B

AP — Wed, 27 Feb 2008 20:19:06 +0000

Chrysler LLC lost about $2.7 billion in the two months after Daimler AG sold controlling interest in the U.S. automaker to a New York private equity firm, Daimler said in its annual report Wednesday.The figure, for the period from Aug. 4, 2007, to...

Former Daimler Managers Investigated

AP — Fri, 22 Feb 2008 15:20:44 +0000

Stuttgart prosecutors said Friday they launched an investigation into several former managers of Daimler’s bus unit on suspicion of corruption involving bribes to foreign officials.Some “five to 10″ people who previously served as...

Daimler 2007 Profit Rises

AP — Thu, 14 Feb 2008 11:46:51 +0000

Daimler AG’s profit rose to $5.83 billion in 2007 as demand for its upscale sedans and SUVs led to a surge in sales, the German automaker reported Thursday.The maker of Mercedes-Benz, Smart and ultra-luxury Maybach models earned 4 billion...