DaimlerChrysler

At the fifth Magdeburg environmental forum staged by Daimler and the United Nations Environment Programme (UNEP), the two host partners called for the establishment of an infrastructure for electric and fuel-cell vehicles. The call is linked to extending Daimler’s Memorandum of Understanding with UNEP, in existence since 2005, with the aim of reinforcing dialogue and ...

Contract-signing ceremony in Delhi, India Total investment of over €700 million until 2013 Start of production planned for 2010 Daimler Manager Marc Llistosella appointed CEO of the new joint venture Stuttgart/Delhi – The Indian Hero Group and Daimler AG signed a contract today in Delhi that governs the establishment of the Daimler Hero Motor ...

Daimler AG’s shareholders approved the distribution of a dividend for 2007 of €2.00 per share (prior year: €1.50 per share) at the Annual Meeting held in Berlin on Wednesday. The total dividend distribution thus amounts to €1,928 million. The item of the agenda “Resolution on the Allocation of Unappropriated Profit” was approved with 99.88 % ...

Analysis of real accidents at intersections Flexible roll forming for rapid production Error detection and quality assurance in the software lab Daimler's accident researchers are working on a sophisticated project for analyzing accidents at intersections. A new metal-forming process enables rapid, economical production of variable bodyshell components. And specialists prevent faults in the software of control units ...

Mercedes-Benz USA Records Highest First Quarter Sales smart fortwo Sales Continue to Increase New York, NY – Daimler AG (NYSE: DAI) today reported total group sales (Mercedes-Benz and smart combined) of 22,542 passenger vehicles in the U.S. for March 2008. All sales figures in this release are on an unadjusted basis unless otherwise noted. While ...

The Indian government’s Foreign Investment Promotion Board (FIPB) and the Cabinet Committee on Economic Affairs (CCEA) have both approved the establishment of the Daimler Hero Motors Corporation Ltd. joint venture by Daimler Trucks and the Indian company Hero Group in the first quarter of 2008. The closing for the foundation of the joint venture will ...

Mercedes is first manufacturer to bring BlueTEC SUVs to U.S. market Available autumn 2008 for registration in all fifty states Updated 2008 M-Class celebrates world premiere New generation SL roadster gets first public viewing in New York Under the heading “Vote for BlueTEC”, Mercedes-Benz is continuing its diesel offensive in the U.S. with a vengeance. At ...

The automaker Daimler AG, whose brands include Mercedes-Benz and Smart, said Tuesday its 2007 auto sales rose by almost two per cent, with demand growing in the U.S. and Asia for the new C-Class sedan. The Stuttgart-based company said it sold 1.28 million cars last year, compared with 1.26 million in 2006. By segment, Daimler said ...

The former DaimlerChrysler AG paid a record US$30.3 million fine in 2007 for violating fuel efficiency requirements set by the U.S. government. The fine was assessed by the National Highway Traffic Safety Administration against the automaker, which was divided last year when private equity group Cerberus Capital Management LP acquired an 80.1-per cent stake in Chrysler. ...

Daimler AG said Monday that it has received orders from New York City and Ottawa for a total of 1,052 diesel-electric hybrid-powered buses. The Greensboro, N.C.-based Daimler Buses North America received an order for 850 of its Orion VII Next Generation buses from MTA, the agency that oversees public transit in New York. It also got ...

The automaker Daimler AG said Friday it has agreed to form a joint venture with India's Hero Group that will build commercial trucks for the burgeoning market in India. Terms of the agreement were not disclosed. The deal calls for the local production of ``light-, medium- and heavy-duty commercial vehicles for the Indian volume market.'' ...

Daimler AG, which sold off most of its Chrysler division earlier this year, has spent US$5.1 billion to buy back more than 49.9 million shares, according to the automaker. The Stuttgart-based maker of Mercedes-Benz said the 3.48 billion-euro buyback, approved by shareholders in April, represented 4.73 per cent of the outstanding shares at the start ...

Automaker Daimler AG, which sold most of its stake in Chrysler earlier this year, posted a loss of 1.53 billion euros (US$2.18 billion) for the third quarter, largely because of writeoffs related to the deal. Analysts had expected a loss, given the Chrysler sale. The company reported a profit of 868 million euros a year ...

DaimlerChrysler AG chief executive Dieter Zetsche reassured shareholders Thursday that the automaker was not forgetting its history with a proposed name change to Daimler AG _ instead of Daimler-Benz, the company's name for much of the 20th century. The Benz name would remain in the company's flagship luxury brand, Mercedes-Benz, and get plenty of attention, Zetsche ...

From Daimler-Benz to DaimlerChrysler and now ... just plain old Daimler. Many shareholders are sighing in relief as DaimlerChrysler goes through the formality of shedding ``Chrysler'' from its letterhead _ a final farewell to the money-losing American automaker it sold most of earlier this year. But some are wondering: What happened to Mr. Benz? Though shareholders are ...

FRANKFURT, Germany (AP) _ Imitation may be the sincerest form of flattery, but Germany's BMW AG says a Chinese car maker's SUV is too similar to one of its own. The Munich-based automaker filed suit in Frankfurt this week against Chinese car maker Shuanghuan Automobile to prohibit it from selling its new model dubbed the ...

FRANKFURT, Germany (AP) _ United Auto Workers president Ron Gettelfinger has stepped down from the supervisory board of DaimlerChrysler AG, a move that was expected after the sale of the majority of Chrysler to private equity firm Cerberus Capital Management LP in August. The German automaker said Monday that Gettelfinger left the company's board, the equivalent ...

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday its overall profit fell 14 per cent in the second quarter, but that profits rose from its Chrysler Group and the related financial services business in North America. The entire company posted a profit of 1.85 billion euros (US$2.53 billion) in the April-June period compared with 2.15 ...

FRANKFURT, Germany (AP) _ What's in a name? For German automaker DaimlerChrysler AG, it's a lot of history and a brand identity nurtured carefully for the greater part of a century. When it moved to sell its money-losing Chrysler Group and unwind the $36 billion takeover that created the company in 1998, it fought to ...

BERLIN (AP) _ Automaker DaimlerChrysler AG said Friday it has completed the transaction to sell a majority stake in its U.S. Chrysler arm to private equity firm Cerberus. Shareholders will be asked to approve the new name Daimler AG. ``Today a new chapter in our company's history begins,'' stated DaimlerChrysler CEO Dieter Zetsche.. The statement said ...

DETROIT (AP) _ DaimlerChrysler AG said Wednesday U.S. sales fell 9.1 per cent in July from a year ago in what was expected to be a difficult month for the industry. Chrysler Group said its sales were down 8.4 per cent in July, while Mercedes-Benz said U.S. sales were down 13.9 per cent from ...

NEW YORK (AP) _ Investment banks raising funds for the turnaround of Chrysler Group postponed a US$12-billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday. The banks, which include Goldman Sachs Group Inc. and JPMorgan Chase & ...

FRANKFURT, Germany (AP) _ The Mercedes Car Group of DaimlerChrysler AG saw its pre-tax profit nearly double in the second quarter, the German-American automaker said Wednesday. The company said the Mercedes unit earned 1.2 billion euros (US$1.65 billion) in pre-tax profit in the second quarter, up from 690 million euros a year earlier. Second-quarter sales ...

STUTTGART, Germany (AP) _ Criminal charges have been filed against a former DaimlerChrysler AG employee suspected of claiming money from the company for construction work that wasn't performed, a prosecutor said Tuesday. The man, whose name was not released, was charged with breach of trust for allegedly embezzling more than three million euros (US$4 million) between ...

FRANKFURT, Germany (AP) _ A drop in sales of the Smart fortwo offset a slight gain in sales of Mercedes-Benz branded-cars, automaker DaimlerChrysler AG said Wednesday, as sales last month fell 1.3 per cent from a year ago. The German-American automaker, which is in the process of selling its Chrysler unit to private equity ...

Chrysler Group's passenger vehicle sales, which include the Chrysler, Jeep and Dodge brands, fell 1.4 per cent compared with June 2006, while Mercedes sales fell 5.8 per cent during the same period. Detailed breakdowns from DaimlerChrysler, which sold a total of 202,936 vehicles in the U.S. last month, were expected later in the day. DaimlerChrysler said Chrysler ...

BRUSSELS, Belgium (AP) _ EU regulators have given Cerberus Capital Management the go-ahead for its purchase of the money-losing Chrysler car division from DaimlerChrysler AG. The European Commission approved the US$7.4-billion deal automatically because it didn't get any complaints and saw no antitrust problems. It was the last regulatory approval needed for the takeover after U.S. authorities ...

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Friday it recalled 1,650 of its revamped Smart Fortwo microcars that were sold in Europe because of reports of possible steering problems. The revamped model went on the market in April. The company said it ordered the recall after receiving reports that a locking ring was not affixed ...

FRANKFURT, Germany (AP) _ Vehicle makers DaimlerChrysler AG and Fiat SpA said Tuesday that they signed an agreement calling for strategic co-operation to provide the German-American automaker's truck group with engine and powertrain technology from Italy. ``The first step of this agreement concerns the long-term supply of light-duty diesel engines ... to the Mitsubishi Fuso ...

FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday that Chrysler Group sales outside North America rose 24 per cent in May to 20,553 vehicles. Year-to-date sales were 91,412 vehicles, up 16 per cent compared with the same period of 2006, the company said in a statement. ``The continued growth of the international vehicle portfolio supports our ...

FRANKFURT, Germany (AP) _ Automaker DaimlerChrysler AG said Monday sales at its Mercedes Car Group dipped three per cent last month from a year ago as it sold 97,800 Mercedes-Benz, Maybach and Smart brand cars. The year-to-date tally reached 384,600, down 2.8 per cent from last year's 395,800 cars sold. ...

WASHINGTON (AP) _ DaimlerChrysler AG has agreed to pay a US$1.2 million fine to settle allegations that it did not promptly alert the government about emissions problems in some Mercedes automobiles. As part of an agreement with the U.S. Justice Department filed in federal court Sunday, the automaker agreed to ...

WASHINGTON (AP) _ After dozens of reports of fires in Dodge Durango and Jeep Liberty sport utility vehicles, DaimlerChrysler AG's Chrysler Group recalled nearly 500,000 vehicles Friday. Chrysler said it had received 66 reports of fires in Dodge Durango SUVs from the 2004-2006 model years because of electrical overloads in ...