Tag Archives: daimler

SEC Charges Autonomous Vehicle Supplier NVIDIA with Shoddy Disclosures

NVIDIA is a US-based artificial intelligence (AI) computing company that is a significant automotive supplier for an important building block in a network of several individual ECUs (Electronic control units)  used in automated and driverless vehicles. It goes by the name Drive Pegasus. Continue reading

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Daimler Raises Financial Targets After Strong Q1 Results

The good operating performance in the first-quarter translated into an EBIT surge to €5,748 million (Q1 2020: €617 million). Adjusted EBIT, reflecting the underlying business, also multiplied to €4,970 million (Q1 2020: €719 million). China, the world’s largest vehicle market, was a key component in the comeback after it successfully fought off the Covid pandemic that Europe and the Americas are still struggling with. Continue reading

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COVID-19- Daimler Stops Most Production in Europe

Given the ongoing spread of COVID-19, the economic effects on Daimler cannot be adequately determined or reliably quantified at this time. Continue reading

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Daimler Facing Profit and Sales Declines Reorganizes

“This will have a negative impact on our earnings in 2020 and 2021. To remain successful in the future, we must therefore act now and significantly increase our financial strength.” Continue reading

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Update – BMW, Bosch, Daimler Autonomous Driving Forays

Daimler’s has programmed its systems largely in-house right from the very beginning. During 2019 that will end with the launch in San José, Silicon Valley, of its first pilot program with German uber-supplier Bosch, on self-driving vehicles – read Daimler and Bosch Target San José for Automated Ride-Hailing, which will explore Levels 4/5 in urban environments. Continue reading

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Daimler, Deutsche Telekom End German Government Clash

Whether this bodes ill for Daimler’s other car-to-car or car-to-infrastructure/web communications programs remains to be see. It also points to an unknown legal environment facing autonomous car makers with products already on the market – automatic driver-assist systems such as automatic braking, automatic parking, or vehicle-following speed control. Continue reading

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Merry Christmas – Daimler Boasts of Trump Tax Gifts for Rich

Hoping to boost the stock price no doubt, Daimler on Christmas Eve is saying there will be a significant increase of Group Net Income as a result of Trump’s welfare for the wealthy plan. The law rushed through without public … Continue reading

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Daimler Launches First All-Electric Truck – FUSO eCanter

FUSO eCanter has a limited range of 100 kilometers and a load capacity up to three and a half tons – depending on body and usage. The vehicle´s electric powertrain contains six high-voltage lithium ion battery packs with 420 V and 13.8 kWh each. Continue reading

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