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...Shares in VW and Mercedes were down about 3 per cent in morning trading. Stellantis fell about 2 per cent. This article has been corrected, removing the reference that Mercedes-Benz is owned by Daimler...
...Several European companies such as Mercedes-Benz and BMW have already pledged to introduce green steel into their cars in the near future in order to lower their own carbon footprint....
...The telecoms group sued the carmaker, previously known as Daimler, for patent infringement when negotiations over pricing broke down. The case was settled outside court two years ago....
...The company, which was last year spun out of Mercedes-Benz, said it had so far this year sold nearly 41,000 more trucks and coaches than it did in the first nine months of last year....
...“Mercedes-Benz will focus more strongly on its core business in the luxury segment,” said Gero Götzenberger, director of strategy and investments at Mercedes-Benz Mobility, in a statement announcing the...
...Mercedes’ figures come days after it entered its first year as a standalone car company, having spun-off its large trucks unit, Daimler Trucks, last year....
...The business is likely to enter Germany’s flagship Dax index alongside its former owner, henceforth to be known simply as Mercedes-Benz....
...Mercedes-Benz AG, which in its previous guise as Daimler AG was the parent company of Daimler Truck, said it was also seeking to divest a 15 per cent stake in Kamaz....
...Mercedes-Benz, which separately owns a 15 per cent share in Kamaz, said it was looking at divesting the stake....
...Daimler’s net profits increased almost 20 per cent in the third quarter of the year, to almost €2.2bn, as Mercedes-Benz sales in China grew more than 23 per cent in the period — a development Mr Kallenius...
...“A concept car is about designing the luxury of the future and as designers we live in the future,” says Wagener, who is also chief design officer of the Daimler Group....
...Mercedes-Benz owner Daimler defied the semiconductor crisis to increase earnings by a fifth in its latest quarter, despite delivering almost 145,000 fewer vehicles than it did in the pandemic-ridden months...
...Running AMG, the highly profitable performance car unit of the German carmaker, has often been seen as a stepping stone to higher office within Mercedes’ parent group Daimler....
..., and Daimler Trucks....
...Backing the deal costs the owner of Mercedes-Benz little extra, as it had already committed to selling only electric cars by 2030 where feasible, and will only launch battery models after 2025.* Other automotive...
...Earlier this year, Mercedes-Benz owner Daimler said petrol and diesel models were a “cash machine” that would help fund the transition to cleaner transport....
...General Motors, Ford, Mercedes-Benz and Volvo Cars have set end dates for the sale of any vehicles containing an old-school engine....
...Diess’s counterpart at Mercedes-Benz owner Daimler, Ola Kallenius, also defended his company’s decision to start with higher-end electric vehicles before rolling out less-expensive emissions-free models....
...The Mercedes-Benz maker had been sued in several German courts for refusing to buy licences for the technology that connects in-car navigation and entertainment systems to the internet and underpins semi-autonomous...
...Strong demand for Mercedes-Benz cars, particularly in China, helped Daimler beat expectations in the first quarter, marking a further sign of recovery in the global car industry....
...A dedicated luxury electric vehicle such as Mercedes-Benz’ new EQS will directly compete with the Tesla Model S. Global EV penetration is expected to be about half of total vehicle sales by 2030....
...It took just one week after Vladimir Putin ordered an invasion of Ukraine for Volkswagen, BMW and Mercedes-Benz to suspend production and sales in Russia....
...Mercedes-Benz will earn as much from electric cars as its luxury combustion engine models by the end of this decade, its chief executive said, becoming the first premium German automaker to provide a precise...
...Daimler will create the world’s largest standalone commercial vehicle manufacturer as it splits its truck and Mercedes-Benz car businesses into two public companies....
...Germany’s Daimler comfortably reached EU-wide carbon emissions targets in 2020 because of a last-minute boom in the sale of electric and hybrid cars, the boss of the Mercedes-Benz-owner said....
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