A Mercedes-Benz assembly plant may be opened in Mexico soon, according to a report from El Financiero, a daily newspaper in Mexico. But the luxury vehicle manufacturer may not open the plant by itself since it is supposedly looking at a possible collaboration with Renault-Nissan. Four-cylinder engines may be jointly-manufactured by the companies and used on a number of car models to reduce expenses. The report also indicated that Mercedes-Benz engines will be used on the luxury Infiniti models of Nissan if these will be manufactured in Mexico. Renault currently offers a number of models in the Mexican market despite not having a strong presence in the North American continent…. Continue Reading »
Latest Mercedes-Benz News
It seems the all work and no play adage has influenced mighty Daimler AG too. Recognizing that a balance between work and an employee’s life beyond the work impacts on productivity as a whole, Daimler commissioned a study from the department of Occupational and Organizational Psychology at the University of Heidelberg to assess and take advantage of work-life balance opportunities for the company. According to Wilfried Porth, Management Board Member for Human Resources and Labor Relations Director: “Our world of work is facing fundamental changes. More and more employees, both men and women, want fulfillment in their careers while also being able to take care of their children or other… Continue Reading »
Let it not be said that Mercedes-Benz is in the business of making excellent cars just to fill its company coffers. Owing to excellent sales last year, the Daimler board has decided to give a bonus of 4,100 Euros each to employees of Daimler AG in Germany. Employess entitled to the bonus include workers under collective wage-tariff agreements, apprentices and trainees, students from cooperative state universities and doctoral students. According to Erich Klemm, Chairman of the General Works Council of Daimler AG: “Record earnings can only be achieved as a result of a record performance. For this reason, the General Works Council was in favor of an employee bonus also… Continue Reading »
There’s something we mere consumers must not be aware of, as couple of major manufacturers are eyeing double digit increases in production output for the incoming year. First of all, Toyota had announced that it’s increasing manufacturing outputs by 20% for 2012. Then this week, Mercedes announced its intention to increase its own output by 13%. This comes on the heels of record sales for the German manufacturer, and despite the general economic uncertainties that have curbed consumer spending somewhat. Undoubtedly, this confidence in being able to move such an increase in output stems from the fact that Mercedes has done well in new markets such as China and India…. Continue Reading »
The Mercedes logo is one of the most iconic and recognizable logos anywhere, not to mention a favorite target of logo “collectors”, who strip Mercedes cars of their badges for display on alternative objects, even cars. But as a symbol of a manufacturing company that adheres to principles of engineering excellence, the symbol represents the history of the company as it was an original idea of Gottlieb Daimler. The three points of the star represent the three principal modes of transport, that of land, sea and air, although it’s only the land part that Mercedes has concentrated on and is famous for. As most fans of the marque know, the… Continue Reading »
For the further optimization of Daimler’s capital structure, Daimler’s Board of Management has decided to carry out a new share buyback program. The Supervisory Board of Daimler AG has also approved this decision. In decision was made during their Annual Meeting of April 9, 2008, which allows for the buyback of 10% or approximately 96.4 million of the outstanding shares for a maximum amount of €6 billion. In order to optimize the buyback, shares may also be acquired with the use of derivatives.
Mercedes-Benz USA today reported its highest May on record with sales of 21,785 new vehicles, a 0.1 % increase over last May. Sales for the month brought MBUSA’s year-to-date volume to 99,703 new vehicles, a 1.1 % increase compared to the first five months of 2007. Passenger car sales of 16,416 vehicles showed an increase of 4.6 percent over last May. Sales of the legendary SL roadster, one of MBUSA’s first 2009 models to hit dealer showrooms, increased by 60.4 percent (1,083 vs. 675 units). The volume leading C-Class also demonstrated impressive growth with an increase of 43.9 percent for the month (7,394 vs 5,139 units). In the light truck… Continue Reading »