Daimler will receive €2.43 billion ($3.36 billion) for its 50 percent stake in an engine joint venture from partner Rolls-Royce Holdings Plc.
Tag Archives: Daimler
Daimler to expand cost cuts to narrow profit gap with BMW, Audi
Daimler CEO Dieter Zetsche said the car and truck maker would continue to cut costs as its premium brand Mercedes-Benz seeks to narrow the profitability gap with rivals.
Daimler expands Romania transmission plant to meet car demand
Daimler is expanding its transmission plant in Sebes, Romania, as the manufacturer ramps up its component supply to meet rising demand for its Mercedes-Benz cars and SUVs.
Daimler considers production of Mercedes cars in Russia
Daimler is examining whether to build Mercedes-Benz cars in Russia as it seeks to expand its global production base and overtake German rivals BMW and Audi to become the world’s top-selling premium automaker.
Daimler buys out Evonik from Li-Tec and Deutsche ACCUmotive Li-ion companies
Daimler AG and Evonik Industries AG are restructuring their joint venture activities in the field of electric mobility. Daimler will acquire all of the shares held by Evonik in Li-Tec Battery GmbH (50.1%) and in Deutsche ACCUmotive GmbH & Co. KG (10%). This will make Daimler the sole owner of the two companies. The parties have agreed not to divulge the details of the agreement.
