Archive for the ‘Daimler’ Category

Daimler Spending $500M on Automated Truck Development

Company looking to push to Level 4 with big rigs.

by on Jan.08, 2019

Daimler AG is investing more than $500 million into the development of automated big rigs.

Daimler AG plans to invest $570 million and create 200 jobs at its truck-oriented technical center in Portland, Oregon, to expedite the development automated driving for heavy-duty commercial trucks.

“As a leader of our industry, we’ve been pioneering automated trucking,” said Martin Daum, member of the Board of Management of Daimler AG with responsibility for Daimler Trucks & Buses

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“In 2015, our Freightliner Inspiration Truck got the first road license ever for an automated commercial vehicle. Now we take automated trucking to the next level: we’re ready to launch the first partially automated new Freightliner Cascadia in 2019 – and next, we tackle highly automated trucks,” Daum said. (more…)

Russian Automaker GAZ Pushes for U.S. to Lift Sanctions

Treasury Department moving to accelerate process.

by on Dec.27, 2018

Russian automaker GAZ is looking to get the U.S. to lift sanctions off the company so it can do business here.

The Russian and U.S. governments are discussing lifting the U.S. sanctions on a Russian automaker, GAZ, which is part of a holding company in which a prominent Russian oligarch, Oleg Deripaska, has a key stake.

The talks aimed at lifting U.S. sanctions on Russian automaker GAZ are ongoing with the U.S. Treasury Department, and the company is implementing internal measures to encourage the process, Russian Finance Minister Anton Siluanov said, according to Reuters.

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The U.S. Treasury extended a deadline for investors to divest from GAZ to March 7, a day after it announced it would lift sanctions on the core assets of Deripaska’s empire — Rusal, the world’s second largest aluminum company, and its parent En+ of which GAZ is also a part. (more…)

Daimler Delivers E-Truck to Penske for Testing

Penske testing Freightliner medium-duty battery-electric truck.

by on Dec.24, 2018

Daimler AG's Freightliner subsidiary delivered the first battery-electric medium-truck truck to Penske for testing.

Daimler AG has pushed ahead with its plans to sell electric trucks as Freightliner, its North American subsidiary, delivered its first medium-duty battery-electric truck to a customer in the U.S.

Penske Truck Leasing, which is operated long-time Daimler ally, Roger Penske, plans to operate the electric truck in local distribution traffic in the Northwest Pacific and in California, Daimler announced

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With the delivery of the Freightliner eM2, Daimler Trucks is starting day-to-day operational testing of heavy-duty and medium-duty e-trucks in the United States, Daimler said. (more…)

Daimler, BMW Get U.S. Approval for Mobility Company

Final hurdle cleared for two automakers.

by on Dec.20, 2018

Daimler AG and the BMW Group have gotten the go-ahead from U.S. regulators for their combined mobility joint venture.

The BMW Group and Daimler AG have gotten the green light from anti-trust authorities in the U.S. to operate a joint venture offering a range of mobility services that are expected to grow in the future such as car sharing, charging, ride hailing and even parking.

The German automakers said the joint venture will focus on “ensuring the personal freedom of customers in the field of urban mobility, including a new mobility service that is easy to access, intuitive and focused on the needs of the user.”

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The service will allow customers to move through an “ecosystem” that combines car-sharing, ride-hailing, parking and multimodality from a single source and is available with just a few taps on a phone app, the two automakers said.   (more…)

Daimler Investing More Than $20B in Battery Cells

Company furthers commitment to EVs.

by on Dec.12, 2018

Daimler AG's Dieter Zetsche announced the company's commitment to buy more than $22 billion in battery cells.

Daimler AG is prepared to put up $22 billion to purchase battery cells over the next dozen years.

Dieter Zetsche, chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, said the commitment is expected to help insure that the batteries are available to move ahead with the development of electric vehicles.

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“Our electric offensive continues to gain momentum. After investing billions of euros in the development of the electric fleet and the expansion of our global battery network, we are now taking the next step,” Zetsche said. (more…)

Detroit Auto Show Not Ready to Wave Goodbye to Winter

Final January run to see over 30 new models debut.

by on Dec.10, 2018

Toyota showed us a well-camouflaged Supra with chief engineer Tetsuya Tada at the Goodwood Festival.

The Detroit Auto Dealers Association has inked a seven-year deal with the City of Detroit that will ensure that the North American International Auto Show keeps running through at least the latter part of the next decade.

The deal also locks down the move from January to June that DADA, the sponsor of the show, announced earlier this year. That is expected to prove critical if the Detroit Auto Show is to regain its former glory or, at the very least, keep from slipping into second-tier status, something that seemed all too likely in the wake of a painfully quiet 2018 event that saw a single official media day wrap up the new car debuts shortly after noon.

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The 2019 North American International Auto Show will clearly not have the luster of years past. Virtually the entire European contingent – including brands like Audi, BMW, Jaguar and Meredes-Benz – plan to sit it out. But there will still be enough on the calendar to keep the spotlight lit. Among the products set to make their official debut at the Cobo Hall convention center are the long-awaited Toyota Supra and the Lexus RC F which is being hailed as the brand’s fastest and most powerful model ever, save for its limited-edition LFA supercar.

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Daimler, BMW Mobility Joint Venture Delayed

Companies pushing on, meeting with U.S. authorities.

by on Dec.10, 2018

Mobility enterprises, like Daimler's alliance with the Car2Go car-sharing service, are partnering more often, as Daimler is trying to do with BMW.

Delays in obtaining the necessary regulatory approvals have forced Daimler AG and BMW Group to push back their effort to establish a joint-venture mobility company.

The delay will force Daimler Financial Services to lower its earnings forecast for 2018. The division now expects EBIT to be significantly lower than in the previous year.

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The forecast for the Daimler Group’s EBIT in the 2018 financial year remains unaffected and unchanged. As previously announced, the transaction will not have any cash-flow impact on the industrial business, Daimler said in a statement, updating the plans for the joint venture. (more…)

European Auto Execs Meet with Trump, Aim to Head Off Expanded Trade War

VW signals a second U.S. plant is in the works.

by on Dec.05, 2018

President Donald Trump met with the leaders of BMW, Daimler and Volkswagen.

Even as President Donald Trump was backpeddling on earlier comments suggesting the trade dispute with China had been defused, the former New York businessman was meeting with European auto industry executives worried that they could become targeted by yet another front in the trade war.

The president has signaled he may enact duties of 25% or more on vehicles imported from Europe, even though his own Commerce Dept. has backed away from plans to declare imported automobiles a threat to national security.

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Trump “shared his vision of all automakers producing in the United States and creating a more friendly business environment,” the White House said in a statement that followed the meeting with officials from BMW, Daimler and Volkswagen. (more…)

Ghosn Scandal Could Fracture Renault-Nissan Alliance

Handling of allegations against Ghosn raising questions.

by on Nov.23, 2018

Carlos Ghosn was formally ousted as Nissan Chairman by the automaker's board on Thursday.

With relatively little debate, Nissan’s board voted to oust Chairman Carlos Ghosn on a Thursday afternoon emergency meeting at its headquarters in Yokohama, the latest move in a scandal that could see the man credited with saving the company remain in Japanese police custody for another week or more.

The 64-year-old Ghosn, who helped save the Japanese automaker in 1999 after it received a massive capital infusion from French carmaker Renault SA, was arrested on Monday upon returning to Japan and accused of both under-reporting his income by as much as $45 million, while also misusing company assets. Japanese media on Wednesday reported the Brazilian-born executive would remain in detention in Tokyo until prosecutors decide whether to bring a formal indictment.

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The arrest follows what Nissan CEO Hirota Saikawa described as a months-long investigation triggered by a “whistleblower.” But there are some questioning exactly what the case really involves, with the board of Nissan’s French alliance partner Renault SA notably choosing not to oust Ghosn as its own CEO while waiting for clear evidence. Several sources NBCNews.com spoke to went further, questioning why Ghosn was even arrested.

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Ford, VW Discussions Now Far More Wide-Ranging Than Originally Planned

by on Nov.02, 2018

Ford and VW initially wanted to discuss cooperation on light commercial vehicles.

Talks between Ford and Volkswagen are covering far more territory than originally planned, when the two signed a memorandum of understanding in June that initially focused on joint development of commercial vehicles.

While Ford officials have told TheDetroitBureau.com there is no thought to an exchange of equity, virtually everything else seems at least open for discussion, with a number of key ventures being considered. According to various U.S. and European sources, these include joint development of a small pickup, cooperation on electrified and autonomous vehicles and possibly even collaboration on sales and marketing in trouble-spot markets, such as Europe and Latin America.

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Several reports have suggested that a major announcement could be in the offing, and a source close to the talks told TheDetroitBureau that “There could be an update by the end of the year.” But that person stressed that not all the discussions underway are likely to be resolved immediately, and could be spread out over months, even years – even “if everything (being negotiated) comes true.”

(more…)

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