The cost of coronavirus: Daimler gets huge bank loan
The coronavirus epidemic and the associated production shutdown forced Daimler AG obtained a new credit line for the next 12 months. Yes, Mercedes’ parent …
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Merkel and the German car companies decide how to fight the coronavirus crisis
Angela Merkel, Germany’s prime-minister, and the most important local car companies, including Mercedes, hold a virtual crisis meeting. According to press reports, Merkel and …
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Coronavirus: Daimler optimistic, reopens factory in China
The Coronavirus outbreak has been slowing down in China and Daimler decided to reopened the factory and most of the dealers in the COVID-19 …
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Coronavirus: Daimler closes all its factories in Europe in response to the COVID-19 pandemic
Daimler seeks to protect its employees and its financial strength during the Coronavirus pandemic. The COVID-19 outbreak forces the German giant to shut down European …
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Apocalypse Now: Mercedes set to dramatically cut back model range and engines
Apocalypse Now. Mercedes intends to make the brand future-proof by dramatically reducing the current portfolio. The future of several, especially more expensive, models and …
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Daimler set to lay off 15,000 employees, cut model range
Daimler is expected to lay off 15,000 employees by 2022, according to information in the German press. The group’s officials declined to comment on …
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Mercedes may retire from Formula 1 in 2020 (update)
Mercedes is considering the possibility of retiring from Formula 1 at the end of the 2020 season, according to the British press. Update: Mercedes …
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The Chinese from BAIC want to increase their stake in Daimler
The Chinese from BAIC want to increase the number of Daimler shares, according to sources close to the situation. In July 2019, BAIC bought …
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Daimler sued in Germany: Investors demand 900 million euros
Investors from Germany claim that Daimler has hidden information regarding the use of the emission management software and sued the company for 900 million …
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Save for electrification: Daimler cuts thousands of jobs till 2022
After Audi, Daimler announces in turn a huge wave of cost cuts, scrapping thousands of jobs until the end of 2022. The group wants …
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What is Daimler trying to achieve through job cuts?
Daimler has just confirmed the massive job cuts. Approximately 1,100 executive positions will be slashed in the upcoming months in a bid to reduce …
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Daimler stops development of combustion engines. Meeting European targets for CO2 emissions, a challenge
Mercedes-Benz has announced that it will stop developing combustion engines. At least for the time being, as meeting the European targets for CO2 emissions …
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