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  • Uber considering acquisition of Daimler-BMW’s Free Now ride service: Report Sep 30, 2020 10:45 AM IST

    Uber considering acquisition of Daimler-BMW’s Free Now ride service: Report

    Uber expressed interest after Free Now invited additional investors to tide over impact from the COVID-19 pandemic, but it is also likely that other bidders may come forward

  • Daimler fights Tesla, Volkswagen with new electric big rig truck Jun 07, 2018 09:43 AM IST

    Daimler fights Tesla, Volkswagen with new electric big rig truck

    Truck buyers anticipate global regulation to curb pollution from trucks and see advantages from lower fuel and maintenance costs of electric vehicles, but a fleet technology switch is far from certain given challenges of cost, charging infrastructure, range, and the potential for heavy batteries to constrict payloads.

  • Some 10,000 Daimler employees strike in push for higher wages Jan 16, 2018 09:09 PM IST

    Some 10,000 Daimler employees strike in push for higher wages

    Some 4,000 employees at other companies in the southwestern state of Baden-Wuerttemberg took part in strikes on Tuesday.

  • Daimler to invest $755 million in China for electric car, battery production: Executive Nov 17, 2017 11:21 AM IST

    Daimler to invest $755 million in China for electric car, battery production: Executive

    Hubertus Troska, head of Daimler's greater China operations, told reporters that the investment was part of Daimler's previously announced 10 billion euros ($11.8 billion) global green car initiative.

  • Daimler starts reorganisation that could lead to break up Oct 16, 2017 05:10 PM IST

    Daimler starts reorganisation that could lead to break up

    The company said in a separate statement on Monday that it was not pursuing any savings, efficiencies or job cuts related to the reorganisation.

  • Mercedes-Benz, JVs to recall over 350,000 vehicles in China: Watchdog Oct 13, 2017 02:46 PM IST

    Mercedes-Benz, JVs to recall over 350,000 vehicles in China: Watchdog

    The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said on its website that it was concerned about risks arising from possible defects in the cars' air bag inflators.

  • Mercedes-Benz undecided if it will sell future U.S. diesels Apr 13, 2017 07:35 AM IST

    Mercedes-Benz undecided if it will sell future U.S. diesels

    The German automaker has not received approval from the U.S. Environmental Protection Agency to sell 2017 model diesel vehicles.

  • Toyota makes $1.33 bn investment in Kentucky plant Apr 11, 2017 08:15 AM IST

    Toyota makes $1.33 bn investment in Kentucky plant

    The investment in the plant, Toyota's largest, comes amid uncertainty over US President Donald Trump's trade policies that could affect certain Japanese firms' capital expenditure plans.

  • BMW enjoys luxury car boost but cautions over China Nov 03, 2015 05:08 PM IST

    BMW enjoys luxury car boost but cautions over China

    The Munich-based company, which makes the X5 SUV and 7 Series sedan, said profits rose to 1.58 billion euros (.74 billion) from 1.31 billion euros in the year-earlier period, when the company had to deduct charges for the changed valuation of financial derivatives.

  • Apollo Tyres sets sights again on US expansion Oct 16, 2015 10:08 AM IST

    Apollo Tyres sets sights again on US expansion

    Apollo's global push is aimed at reducing dependence on the domestic market, where passenger and commercial vehicle sales are recovering slowly after a slump and where it plans to invest USD 400 million over the next three to four years.

  • 'GM to tap into connectivity, expand car sharing services' Sep 29, 2015 08:09 AM IST

    'GM to tap into connectivity, expand car sharing services'

    GM has moved more aggressively than most of its rivals to put high-speed, 4G LTE data connections in its cars.

  • Honda gets approval for self-driving cars on roads Sep 11, 2015 11:27 AM IST

    Honda gets approval for self-driving cars on roads

    The California Department of Motor Vehicles on its website listed Honda as the most recent of 10 companies that had received the self-driving permits as of Friday.

  • StanChart announces top level rejig; Group ED Shankar quits Apr 01, 2015 05:14 PM IST

    StanChart announces top level rejig; Group ED Shankar quits

    Shankar, Group ED and CEO (Europe, Middle East, Africa and Americas) has resigned to pursue other interests, after a 13-year career at Standard Chartered, the bank said in a stock exchange filing. Shankar would step down from the Board with effect from April 30, 2015.

  • Global manufacturers go local in cost-wary India May 09, 2012 12:00 PM IST

    Global manufacturers go local in cost-wary India

    At the opening ceremony for Daimler AG's USD 850 million India factory, Chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back gearbox and no sign of the iconic Mercedes-Benz three-pointed star on its grille.

  • Daimler to export commercial vehicles from India in 2013 Apr 18, 2012 04:26 PM IST

    Daimler to export commercial vehicles from India in 2013

    Daimler AG will start exporting commercial vehicles from India in 2013, said Marc Lilstosella, chief executive officer of Daimler India Commercial Vehicles.

  • Mercedes-Benz opens new showroom in Mumbai Nov 22, 2011 08:36 PM IST

    Mercedes-Benz opens new showroom in Mumbai

    Mercedes-Benz India, the premium luxury car manufacturer today opened its biggest showroom in the city. Mercedes-Benz India and Auto Hangar Group have launched a new and bigger showroom at Prabhadevi in Mumbai.

  • Daimler AG forays into financial services space Jul 19, 2011 12:32 PM IST

    Daimler AG forays into financial services space

    Germany-headquartered Daimler AG today forayed into the financial services space in India with the establishment of a new Daimler Financial Services subsidiary in the country.

  • Daimler gets RBI nod for NBFC arm; to invest USD 50m Apr 25, 2011 08:20 PM IST

    Daimler gets RBI nod for NBFC arm; to invest USD 50m

    German auto major Daimler AG has got RBI nod to launch a non-banking finance company to fund its auto business--Mercedes-Benz cars and Daimler trucks--in the country and will invest USD 50 million initially.

  • Daimler launches truck brand BharatBenz in India Feb 19, 2011 02:43 PM IST

    Daimler launches truck brand BharatBenz in India

    German auto biggie Daimler AG has unveiled its new truck brand for India, as it attempts to make large inroads in the Indian market expected to double by 2020, reports The Wall Street Journal.

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