
Daimler’s Car2Go unit will withdraw from the UK tomorrow after the car-sharing business it runs with rental firm Europcar failed to gain traction in London.

Daimler’s Car2Go unit will withdraw from the UK tomorrow after the car-sharing business it runs with rental firm Europcar failed to gain traction in London.

Daimler’s supervisory board has chosen Michael Brecht as its deputy chairman replacing Erich Klemm, in a move that may smooth management-labor relations at the automaker.

Daimler reported a 95 percent surge in first-quarter profit as its expanded compact car range and demand from China and the United States boosted vehicle sales to record levels.

Workers at Daimler will demonstrate on Monday over plans by the carmaker to restructure its German network of Mercedes-Benz dealerships owned and operated by the company.

Daimler and China partner BYD Auto have unveiled a production-ready version of their Denza electric car at the Beijing auto show ahead of a sales launch in September.