Posted on 17th March, 2010 by admin
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With a contraction of 11 percent, the global bus market proved to be relatively stable in 2009, given overall economic developments around the world during that exceptional year. Demand in Western Europe was substantially more stable, declining by five percent.
Posted on 9th March, 2010 by Warren M
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STUTTGART, Germany, March 9 — Daimler today sold all of its 5.34% of the ordinary shares of Indian automotive company Tata Motors to various groups of investors through the capital market. Tata Motors’ share price has risen significantly, especially last year, so Daimler will receive a substantial cash inflow of approximately euro 300 million from the sale of its shares. The transaction will have a positive effect on Daimler’s EBIT of approximately euro 265 million and will be accounted for in the first quarter of 2010.
Posted on 2nd February, 2010 by admin
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Daimler Financial Services AG and Allianz SE have concluded an agreement on their collaboration worldwide. Allianz thus becomes Daimler’s strategic partner for the international automotive insurance business.
Posted on 1st February, 2010 by admin
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Portland, USA – The entire family of engines made by Detroit Diesel Corporation (DDC) has been certified by the Environmental Protection Agency (EPA) in the U.S. as being in compliance with the EPA 2010 emissions standard, which took effect at the start of this year. EPA 2010 is the world’s most stringent emissions standard.
Posted on 1st February, 2010 by admin
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Stuttgart/Baghdad – Daimler AG and the State Company for Automotive Industry (SCAI) signed an agreement in the German embassy in Baghdad yesterday concerning a planned partnership for the supply of complete Mercedes-Benz trucks and assembly kits. The agreement is the result of a Memorandum of Understanding (MoU) that Daimler signed with the Iraqi government in July 2008.
Posted on 30th December, 2009 by admin
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Not exactly crash of the century, more of a minor exchange of paint, here. But when the cars doing the colliding are a Bentley Continental and Maybach 62, that makes things a little more interesting. Apparently, the Maybach is owned by furniture company Orteks-Line, and the Bentley by restaurant chain-owning Gallery-Alex, So they can afford it – and nobody was hurt, so it’s all (kinda) good…
Posted on 26th November, 2009 by admin
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Samsung Heavy Industries Co., Ltd, the South Korean manufacturer of freight and container ships, has opted for the top-class ride comfort of the Setra S 411 HD. The silver-painted Setra coach is being put to use to provide a ride experience in a class of its own not only for visitors touring the company’s plant site in Geoje or on sightseeing trips to ship christening ceremonies, but also for the company’s business partners on their five-hour transfers to and from Seoul airport.
Posted on 11th November, 2009 by admin
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Neu-Ulm/San Francisco – Daimler Buses North America has won a major order for 30 Setra S 417 luxury touring coaches and 15 Sprinter shuttle buses from Compass Transportation, a member of the Veolia group. The vehicles are to be delivered before the year-end. Compass Transportation is a tried-and-tested partner in the bus transport sector, and one of the most respected transport companies in the San Francisco region.
Posted on 11th November, 2009 by admin
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Daimler Financial Services AG expects to post positive results also in the fourth quarter, after achieving earnings of €101 million in the third quarter 2009. “We’ve achieved the turnaround, and we expect to once again make a contribution to the Group’s earnings even though we had the toughest year in our company’s history,” said Jürgen Walker, Chairman of Daimler Financial Services AG, at a press conference at the company’s headquarters in Berlin.
Posted on 9th November, 2009 by admin
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Stuttgart – Mercedes-Benz, Maybach and smart – all car brands which feature among the world’s safest vehicles. The high potential for protection is a result of the holistic approach taken by Daimler AG, which focuses on avoiding traffic accidents as well as reducing both the severity and the consequences of accidents.
Posted on 20th October, 2009 by admin
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Stuttgart –Daimler AG (stock-exchange abbreviation DAI) today presented its preliminary figures for the third quarter of 2009. Group revenue amounted to €19.3 billion, while Group EBIT including adjustments and special items at Freightliner and Fuso amounted to €470 million; the industrial business generated a free cash flow of €2.3 billion in the first nine months of this year (Q3 2009: €2.0 billion).
Posted on 7th October, 2009 by Warren M
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Daimler Financial Services AG, headquartered in Berlin, is expanding its global presence to include the Middle East growth region. Toward this end, the company announced the official opening of Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East on October 7, 2009 at a press conference in Abu Dhabi, United Arab Emirates.
Posted on 9th September, 2009 by Warren M
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Stuttgart – Today, Daimler AG announced that the leading vehicle manufacturers in fuel cell technology – Daimler AG, Ford Motor Company, General Motors Corporation/Opel, Honda Motor Co., Ltd., Hyundai Motor Company, Kia Motors Corporation, the alliance Renault SA and Nissan Motor Corporation and Toyota Motor Corporation – gave a joint statement to the development and market introduction of electric vehicles with fuel cells with a Letter of Understanding (LoU). These companies have built up remarkable know-how in fuel cell technology and thus, the signing marks a major step towards the serial production of such locally emission-free vehicles.
Posted on 7th September, 2009 by Warren M
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Oriskany, USA – Last week, Daimler Buses North America announced that sales for the Orion VII diesel-electric hybrid bus had surpassed 3,000 units. In other words, Daimler Buses has sold more hybrid drives than any other manufacturer in the world.
Posted on 1st September, 2009 by Warren M
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NEW YORK, Sept. 1, 2009; Daimler AG (stock exchange abbreviation DAI) today reported sales for the Mercedes-Benz Cars division in the U.S. (Mercedes-Benz and smart combined) of 18,734 units, a decline of 10.5 percent compared to August 2008. All sales figures in this release are on an unadjusted basis unless otherwise noted.
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