After Daimler released its pre-audit Q2 earnings report and confidently stated that the Group was on track to meet 2013 forecasts, the stocks of the company that owned Mercedes-Benz shot up immediately, becoming the biggest gainer in the Frankfurt stock exchange with a 5.3-percent rise. With the solid EBIT and continued efforts to make operations more efficient, traders no doubt saw this as a positive sign for the German company. €29.7 billion (around $39 billion) in revenue is nothing to scoff at, even if the final figures won’t be released until July 24. Daimler AG’s sale of EADS (European Aeronotic Defence and Space Company N.V.) stake also figured into earnings for… Continue Reading »
Latest Mercedes-Benz News
The Supervisory Board of Daimler AG unanimously opted to extend the contract of Dr. Dieter Zetche, currently Daimler AG’s Chairman of the Board of Management as well as the Head of Mercedes-Benz Cars. The extension is for three years, all the way through to December 31, 2016. Dr. Dieter Zetche started serving as a member of Daimler AG’s Board of Management on December 16, 1998, and became Chariman starting the first of January in 2006. In addition, Prof. Dr. Thomas Weber, Board of Management Member for Group Research and Mercedes-Benz Cars Development, was also extended for the same duration. “The long-term orientation of the Group’s leadership is an essential factor for… Continue Reading »
We all know how committed Daimler is when it comes to fuel cell technology and other green endeavors. For being a pioneer and leader in the fuel cell field, the company was awarded the Sir William Grove Award 2012 by the International Association for Hydrogen Energy (IAHE). The award was given to the German automaker at the World Hydrogen Energy Conference, which was held in Toronto. This IAHE award is named after Sir William Robert Grove, a British inventor who invented the first fuel cell in 1842, when he combined hydrogen and oxygen in order to produce electrical energy. IAHE recognized Daimler’s continued commitment and focus when it comes to… Continue Reading »
The big bosses at Daimler AG weren’t expecting the kind of profits the company would earn in this year’s first quarter. Record sales of Mercedes-Benz cars was able to make up for the brand’s spending on new models and facilities, making things for the company a lot easier and joyful moving forward in 2012. 2.13 billion euros, almost a 4.9-percent growth in profit compared to last year, is enough reason to be joyful. These figures beat average estimates by eight survey analysts. Sales grew by 9.2 percent, making it 27 billions euros for January to March alone. Daimler CEO Dieter Zetsche was fast in rehighlighting his company’s goals for the… Continue Reading »
At the Carl-Benz Center in Stuttgart, Mercedes-Benz announced that they will be releasing 10 new models by 2015. This was announced at the annual press conference of Daimler AG. The three star brand’s compact family will have a four-door coupe (C117), a smaller CLS Shooting Brake (X117) and a GLC SUV (X156). In the middle segment, a sports tourer (Vanartig) and C-Class cabriolet are lined up. The upper middle class meanwhile, the Series X118 will be introduced, which is another version of the CLS Shooting Brake. For those wanting an SUV, you might want to save up and wait for the new ML Coupe, based on the ML- C292. And… Continue Reading »
Mercedes have won many awards for its different vehicles, but the company has had so much success in the Golden Steering Wheel awards, that in fact, the company has been in the all-time winners’ list. The three star brand has won a total of 21 times. This year, Europe votes the SLK and the M-Class as the best in their categories after more than 260,000 readers of Auto Bild, Bild Am Sonntag and other European publications chose the vehicles. The awards were received by the Chairman of the Board of Management of Daimler, Dr. Dieter Zetsche and Board of Managament Member of Daimler, Professor Dr. Thomas Weber. The awards night… Continue Reading »
The supervisory board of the Tognum, the engine manufacturer is now in the hands of Rolls Royce and Daimler. The two company hold the 98.8% of shares of the company, therefore they now have the power to control the motor manufacturer, with the main person in charge, Andreas Renschler, the head of commercial vehicle division of Daimler. Meanwhile other members of the board are John Paterson, Michael Haidinger and Andrew Heath from Rolls Royce and Stefan Buchner, from Daimler.