Posts Tagged ‘daimler news’

Daimler Recalling 1M Vehicles Worldwide

Action taken to fix airbags that deploy for no reason.

by on Oct.17, 2017

The 2017 Mercedes-Benz E-Class is part of Daimler's recall of 1 million vehicles to fix an airbag problem.

Daimler AG is recalling more than 1 million Mercedes-Benz vehicles around the world to resolve a problem causing airbags to unexpectedly and unnecessarily deploy in the affected cars and sport-utility vehicles.

The company said 400,000 vehicles in Great Britain and “a few hundred thousand” in Germany were impacted as well, but it doesn’t have a complete total yet.

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The recall affects 495,000 vehicles in the U.S. and 76,000 in Canada, according to officials. No deaths or severe injuries, just “a handful of instances” of “minor abrasions or bruising” have been reported resulting from the unintentional deployments. (more…)

Daimler Restructuring Move Could Lead to Break Up

Company splitting up Mercedes and truck unit.

by on Oct.16, 2017

Daimler's Dieter Zetsche outlined the company's plans to restructure its business into two units.

Daimler is taking steps to transform its Mercedes and Daimler Truck units into legally independent entities, a move that has some observers wondering if the parent company may be preparing to break up.

For its part, Daimler said Monday that the new structure will turn the two units into more entrepreneurial operations at a time when they need to be more flexible to respond to a fast-changing world.

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Mercedes itself is restructuring its various automotive brands to reflect the evolving auto industry, and the truck unit is exploring various new technologies, including electrification and autonomous driving. (more…)

Daimler Investing $1B in US Plant to Electrify SUVs

Move gives company can produce EVs in U.S., China and Germany.

by on Sep.21, 2017

Daimler is investing $1 billion into its Tuscaloosa, Alabama, facility to ensure it can produce EVs and the batteries to run them.

The German automaker, Daimler AG, plans to add $1 billion in new investment and create 600 new jobs at its manufacturing center in Tuscaloosa, Alabama to make electric vehicles and the batteries to run them.

The investment will finance the company’s strategic plans to produce EQ-branded SUV models Mercedes-Benz U.S. International that are expected to the latest technology needed for automated driving, said Daimler AG officials, noting the investment follow a $1.3 billion investment in 2015 for expanding the Tuscaloosa plant.

Beyond the Headlines!

The battery plant will also be built near the existing passenger-car plant ensuring availability of the very latest technology for future generations of Mercedes-Benz vehicles built in the U.S., the company said in the announcement, which coincided with the ceremonies, marking the 20th anniversary of Mercedes-Benz production in Tuscaloosa.  (more…)

Daimler Mulling Plan to Split Mercedes-Benz into Three Units

Three-unit plan could unlock value of each, analysts claim.

by on Aug.24, 2017

Daimler AG CEO Dieter Zetsche is developing a plan to split Mercedes-Benz into three distinct entities.

Mercedes is getting a new model. Not a new vehicle, but the brand may be split into three separate businesses in the near future, according to new report.

Daimler, Mercedes’ parent company, is developing a new corporate holding structure, according to Manager Magzin, a German business publication. The plan, which is being spearheaded by Daimler AG CEO Dieter Zetsche, is expected to be unveiled at the company’s general meeting in April 2019.

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The rough cut of the plan divides Mercedes-Benz into three entities: cars and vans; trucks and buses; and financial services. The company’s mobility services will fall under the financial services unit’s umbrella. The move is designed to unlock the value of each unit. (more…)

Daimler AG Gobbles Up Another Mobile App Company

Latest acquisition folded into existing subsidiary.

by on Aug.10, 2017

Daimler AG acquired Familonet Gmbh as part of its expanding mobility efforts.

Daimler AG continues to expand its portfolio of mobility companies with the acquisition of Familonet Gmbh, a startup company from Hamburg, Germany, which has created an app with more than 2 million registered users.

Terms of the deal were not disclosed but the moovel Group, a subsidiary of Daimler AG, acquired 100% of Familonet. In addition, personnel from Familonet will become part of the moovel Group’s development team in Hamburg. Daimler noted it was interested not only in the firm’s registered in users, but also the talent behind firm’s app.

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“The expertise and skills of Familonet are an ideal addition to the moovel development team at the Hamburg site. Both the geo-fencing technology and the team of developers with location expertise are a major win for moovel,” said Oliver Wahlen, chief technology officer of moovel Group. (more…)

German Authorities Investigating Collusion Among Automakers

Daimler, BMW and VW part of current probe.

by on Jul.26, 2017

German authorities are investigating Mercedes-Benz parent company, Daimler AG, over collusion charges.

A new scandal involving allegations of collusion by German automakers continues to deepen and to threaten the cooperation among companies scrambling to meet new competitive pressures.

It will affect not only from carmakers in Asia and North America but also tech companies looking for a larger piece of auto industry’s revenue.

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Anti-trust regulators from the European Union and Germany are probing allegations that German automakers colluded in effort to evade regulations and anti-cartel regulations and edicts. (more…)

Mercedes-Benz Parent Daimler Recalling 3m Diesels to Fix Emissions Systems

Porsche CEO says maker may abandon diesel technology.

by on Jul.18, 2017

Mercedes decided not to offer diesel models, like this ML320 BlueTec, in the U.S. for 2017.

Daimler AG plans to spend about $255 million to recall and repair 3 million diesel vehicles that are at the center of a probe looking at whether the automaker rigged them to illegally pass emissions tests.

The automaker has been accused of using a so-called “defeat device,” an approach similar to that used by Volkswagen AG to rig 11 million diesel vehicles sold around the world. The Daimler recall, for now, is limited to models sold in Europe. But an investigation is underway in the U.S., as well, the Environmental Protection Agency stating it is “continuing to evaluate light-duty vehicles from a number of manufacturers.”

Clearing the Air!

Separately, the CEO of Porsche AG said the automaker is considering whether to halt the sale of diesels all together. Porsche shared one of the two rigged diesels produced by its parent Volkswagen in a number of different models.

(more…)

Daimler Accused of Selling More Than 1M Cars With Illegal Defeat Devices

Company's stock takes heavy hit as a result.

by on Jul.13, 2017

Daimler AG, Mercedes-Benz parent, stands accused of selling more than 1 million diesel-powered cars equipped with a cheating device.

Mercedes-Benz parent Daimler AG appears to be the latest automaker to face accusations of rigging vehicles with “defeat device” technology in order to illegally pass emissions tests, according to a major German newspaper.

The report, by the Sueddeutsche Zeitung, sent shares of the automakers skidding in European trading on Thursday, though several industry analysts now say they don’t expect the report – if accurate to trigger the sort of massive blow to Daimler that was felt by Volkswagen AG. VW has so far spent about $30 billion as a result of its own diesel emissions scandal, while also having to repair or buy back as many as 11 million vehicles.

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According to the report, vehicles with excess emissions were sold in Europe and the United States between 2008 and 2016. Notably, Mercedes chose to withdraw its diesel models from the U.S. market this year rather than trying to get their emissions certified. (more…)

Daimler and BAIC Motor Investing $735M to Boost Battery-Car Production in China

Investment targets world's largest EV market.

by on Jul.05, 2017

Daimler AG is partnering with BAIC to ramp up its electric vehicle production in China, which is pushing for more "new energy vehicles."

Daimler AG and BAIC Motor Corp., its Chinese joint venture partner, plan to invest the equivalent of $735 million to boost production of electric vehicles in China, part of the German carmaker’s broader push into electrified vehicles.

The move comes, at least in part, under pressure from the Chinese government which is pushing automakers to shift from traditional gasoline engines to battery power to help reduce the country’s endemic smog problems.

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China is already the world’s single-largest market for plug-based vehicles, passing the United States two years ago. And, “By 2025, the Chinese market will have a substantial share in global sales of Mercedes-Benz electric vehicles,” said management board member Hubertus Troska in a statement issued by Daimler on Wednesday. (more…)

Mercedes New Russian Plant: Start of Change?

Most automakers cut ties to market, although Ford pondering expansion.

by on Jun.20, 2017

Daimler and Russian officials show off the model for the new Mercedes-Benz plant just outside Moscow.

As many automakers have been running away from the Russian auto market, a few others are moving into to expand their foothold in their absence. Daimler AG began construction of a new Mercedes-Benz plant near Moscow: the first new investment by a major foreign automaker in years.

The German maker is investing nearly $280 million into the new factory to build new Mercedes E-Class sedans starting in 2019 with the luxury brand’s GL class sport utility vehicles following afterward.

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“Establishing a passenger car production in Russia is a strategic investment in an important sales market for Mercedes-Benz. We are extending our local footprint and, at the same time, strengthening our global competitiveness,” said Markus Schäfer, member of the Divisonal Board of Mercedes-Benz Cars, Production and Supply Chain, during the groundbreaking ceremony. (more…)

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