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Tag Archives: Daimler group
Mercedes-Benz Construction for U.S. Battery Factory Underway
The new production site for batteries – along with the new Consolidation Center – is located seven miles from the Mercedes-Benz Cars vehicle production site in Tuscaloosa. The Consolidation Center, also part of a 2017 investment announcement, will consist of three major areas, including the body parts preparation area, the assembly parts preparation area and the empties storage. It is expected to be operational next year in 2019. Continue reading
Posted in alternative fuels, economy, electric vehicles, fuel economy or emissions, manufacturing, milestones
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, car2go, Daimler group, Ken Zino, M-Class, new car reviews, tuscaloosa mercedes plant
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Daimler Group Q1 Earnings Drop Based on EU Crisis
Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, Daimler group, eu, Ken Zino, mercedes-benz
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More Management Changes at Profit Challenged Daimler
The reorganization at Daimler continued today at Daimler in Investor Relations and Greater China. Olaf Schick is to take over Finance & Controlling at Daimler Greater China replacing Steffen Hoffman. Hoffmann will take over as Head of Investor Relations on 1 April 2020 with the current head, Björn Scheib, leaving the company by “mutual agreement,” after 11 years in the position. Continue reading →