Tag Archives: mercedes-benz

Daimler Earns €4.0 billion in 2020

During 2020, net profit improved to €4.0 billion (2019: €2.7 billion). Net profit attributable to the shareholders of Daimler AG amounted to €3.6 billion (2019: €2.4 billion), leading to an increase in earnings per share to €3.39 (2019: €2.22). At the Annual General Meeting on 31March 31, 2021 the Board of Management and the Supervisory Board will propose a dividend of €1.35 per share (2019: €0.90). Total payout will amount to €1.4 billion (2019: €1.0 billion). Continue reading

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Daimler to Spin-Off Daimler Truck into Separate Company

Actually, current Daimler shareholders will be Mercedes-Benz holders since the Daimler name will be recast as Mercedes-Benz at “the appropriate time.” Both companies, whatever they are called, are in mobility industries that are facing disruptive technological and structural changes that threaten survival. Continue reading

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New Mercedes-Benz Strategy Aimed to Help Higher Profits

This follows the Q2 Daimler disaster. The COVID pandemic or the Grim Reaper saw a decline in demand for cars, vans, trucks and buses. Group total sales decreased by -34% to 541,800 cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT was -€708 million (Q2 2019: plus €2,447 million). Continue reading

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Mercedes-Benz 2021 Model Year Sees SUV Expansion

The all-new GLA now joins the range “as the attractive and sporty gateway” (translation – small and less expensive) to the Mercedes-Benz SUV line. SUV segments have never been more competitive with M-B facing stiff competition from BMW, Porsche, Lexus, Infiniti, Alfa Romeo and Cadillac, among others.   Continue reading

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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

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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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F1 2019 Silverstone – British Grand Prix Preview

Conventional wisdom has that Silverstone’s popularity, however, does not solely rest on the speeds reached. Instead, it’s the circuit sequences of fast and flowing corners that thrill both competitors and spectators alike. Continue reading

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Mercedes-Benz – New Safety Ideas for New Mobility

Even farther out the untested by real customers this brave new world is trust. The acceptance of self-driving vehicles will require initially holding an untested belief that they will be safer than conventional vehicles. Moreover, other road users must be able to recognize what an automated vehicle intends to do, because there will be no driver to communicate this. Continue reading

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Moovel Shows Digital Marketplace for Mobility as a Service

The Smart City Expo World Congress says it wants to strengthen cities with a unique platform focusing on sustainable and future-oriented urban development. As a Mobility-as-a-Service (MaaS) platform, moovel offers cities and transit authorities the opportunity to boost access to mobility and thus make it more attractive with a tailored mobility app. Continue reading

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Daimler and Bosch Target San José for Automated Ride-Hailing

Daimler, Bosch and San José have signed a memorandum of understanding to pursue this test. Using automated Mercedes-Benz S-Class vehicles, Daimler will offer the service to a selected users in the San Carlos/Stevens Creek corridor between downtown and west San José. With its population expected to grow 40% in the next two decades, the metropolitan area faces growing transportation challenges. Continue reading

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Lewis Hamilton in Mercedes Wins Hungarian GP over Ferrari.

The upshot: Hamilton (213 points) leads the Drivers’ Championship in a Mercedes Silver Arrow by 24 points ahead of the hated Ferrari driven by Sebastian Vettel (189 points) with Bottas (132 points) in P4. Mercedes-AMG Petronas Motorsport (345 points) leads Ferrari (335 points) by a mere 10 points in the Constructors’ Championship. Continue reading

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Smart Head Annette Winkler Abruptly Departs Daimler

Winkler and – struggling Smart – were (are?) part of Daimler’s confusing small car strategy and current rush to electric vehicle production. Smart lost billions of Euros for Daimler. Its only fit appeared to be as a foil against mileage and emissions regulations, allowing the owner of Mercedes Benz to continue to thrive selling gas guzzlers. Continue reading

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Auto China 2018 – Mercedes A-Class L, Maybach Show Car

“This car is made specifically for the Chinese market. The long-wheelbase A-Class Sedan is unparalleled in the compact segment, bringing together outstanding comfort with a fresh and dynamic design and top-notch technology.” Continue reading

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Chinese take 10% stake in Daimler. Unwelcome?

Translation: the Germans didn’t seek this, and it could turn out to be a complicated ménage à trois with lots of conflict over the loot. Continue reading

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Mercedes ‘EQ Ready’ App Picks EV or Hybrid for You

A new Mercedes “EQ Ready app” allegedly helps motorists decide whether it makes sense for them personally to switch to an electric car or hybrid. The smartphone app can record real journeys made by the user, analyze his or her everyday driving and compare it with numerous parameters of electric and hybrid vehicles. Continue reading

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