Latest Daimler News

Mercedes Benz takes aims at luxury rivals as sales hit record

Berlin - The chief executive of German carmaker Daimler said Wednesday the German carmaker had more work ahead as its flagship Mercedes-Benz brand battled to overtake luxury rivals BMW and Audi.

Mercedes-Benz sales rise 35 per cent in China

Beijing - German auto firm Daimler AG on Monday said sales of its Mercedes-Benz vehicles rose 35 per cent in China last year despite slowing growth in the world's largest auto market.

Daimler axes superluxury Maybach brand to focus on Mercedes

Stuttgart - German carmaker Daimler signalled plans Friday to axe its loss-making superluxury Maybach brand.

Berlin to buy stake in EADS, German sources say

Berlin - The German government is to acquire a stake of 7.5 per cent in EADS, the Franco-German parent of the planemaker Airbus, government sources in Berlin said Wednesday.

New Infiniti from Nissan to be Mercedes under its skin

Frankfurt - The Renault-Nissan group plans to offer an Infiniti-brand car that will, in fact, be a Mercedes-Benz under its skin, according to its chief, speaking at the Frankfurt car show Wednesday.

Report: Nissan, Daimler to jointly develop small car

Tokyo - Japan's Nissan Motor Co and Germany's Daimler AG were planning to jointly develop a small vehicle, a report said Wednesday.

BACKGROUND: Mercedes plant Gonzalez Catan in Argentina

Stuttgart - The Mercedes-Benz plant Gonzales Catan in Argentina, now the focal point of a possible damage claim suit in the US, is the first Mercedes factory ever outside of Germany.

Argentines may bring Dirty War suit against Daimler, US court rules

New York - Daimler AG is to face a lawsuit in the United States filed by 22 Argentines alleging that the German carmaker collaborated with their country's military dictatorship in the 1970s in the torturing and killing of its workers.

Daimler, Rolls Royce offer 3.2 billion euros for Tognum

Frankfurt - British engine maker Rolls-Royce Group PLC and Stuttgart-based carmaker Daimler AG said Wednesday they planned to launch a 3.2-billion-euro (4.5-billion-dollar) takeover bid for German diesel engine maker Tognum AG.

China approves Daimler-BYD electric car joint venture

Beijing - The Chinese government has approved a joint venture between German carmaker Daimler AG and China's BYD Co Ltd to produce electric vehicles in China, the two companies said Tuesday.

Daimler's 2010 comeback: 4.7 billion euro net profit (Roundup)

Stuttgart - German luxury carmaker Daimler posted a more than 7-billion-euro (9 billion dollar) earnings turnaround in 2010, achieving net profits of 4.7 billion euros, the company reported Wednesday.

Daimler back in the black

Stuttgart - German carmaker Daimler returned to profitability in 2010, making a net profit of 4.7 billion euros (6.3 billion dollars), the company said Wednesday.

Daimler's Smart car sales drag in US

New York - The tiny Smart car is struggling to keep a hold on US car buyers, prompting German mother company Daimler AG to step in and take over sales from its importer by mid-year, the company said.

Japan's Toray, Daimler agree to form joint venture

Tokyo - Japan's Toray Industries Inc and German automobile manufacturer Daimler AG said Monday that they would establish a joint venture in Germany to produce carbon fibre auto parts to improve the fuel efficiency of cars.

Daimler expects production to hit record high in 2010

Stuttgart, Germany - German car giant Daimler AG expects its production to hit a record high this year, the company said Friday, amid strong demand for the group's flagship Mercedes Benz cars.