cross-referenced news and research resources about
Daimler (Daimler-Chrysler Daimler-Benz)
Daimler AG (ISIN: DE0007100000) (formerly Daimler-Benz AG, DaimlerChrysler AG) is a German car corporation (not to be confused with the British Daimler Motor Company) and the world's thirteenth largest car manufacturer as well as the largest truck manufacturer in the world. In addition to automobiles, Daimler manufactures trucks and provides financial services through its Daimler Financial Services arm. The company also owns major stakes in aerospace group EADS, high-technology and parent company of the Vodafone McLaren Mercedes racing team McLaren Group, Japanese truck maker Mitsubishi Fuso Truck and Bus Corporation and a minority stake in US automaker Chrysler Holding LLC.
DaimlerChrysler was founded in 1998 when Mercedes-Benz manufacturer Daimler-Benz (1926-1998) of Stuttgart, Germany merged with the US-based Chrysler Corporation. The deal created a new entity, DaimlerChrysler. However, the buyout failed to produce the trans-Atlantic automotive powerhouse dealmakers had hoped for, and DaimlerChrysler announced on May 14, 2007 that it would sell Chrysler to Cerberus Capital Management of New York, a private equity firm that specializes in restructuring troubled companies. On October 4, 2007 a DaimlerChrysler Extraordinary Shareholders' Meeting approved the renaming of the company. From October 5, 2007, the company has been titled Daimler AG. The US company adopted the name Chrysler LLC when the sale completed on August 3, 2007.
Daimler produces cars and trucks under the brands of Mercedes-Benz, Maybach, Smart, Freightliner and many others.
updated Mon. August 22, 2022
April 26, 2018
Daimler AG (OTCMKTS: DDAIF) will release its first-quarter results and conduct a conference call with analysts on 27th April. Consensus market estimates have a mean adj-EPS estimate of $2.45 and mean revenue estimate of $50.03 billion for the company's first quarter. The revenue figure depicts a 5%ÃâÃÂ ...
April 19, 2018
Daimler (OTCPK:DDAIF, OTCPK:DMLRY) is open to taking a stake in Volvo, according to German publication Manager Magazin. The company may also sell engines to the Swedish auto manufacturer. The action would mark a deepening of ties between the two automakers. The chairman of Volvo ownerÃâÃÂ ...
April 10, 2018
Not only do BMW Group and Daimler AG seek to become a leader in this niche by offering a single universe for mobility services, the two agreed the joint venture will also serve as a learning experience for expanding and improving the digital business models behind both corporations. Each companyÃâÃÂ ...
April 6, 2018
Daimler hosted its annual shareholders' meeting today and will pay its 2017 dividend on April 10, 2018. Daimler as a company is terrific but Daimler as an investment has been a loss-making scheme. Various risks ranging from diesel ban to overly Chinese influence and massive future investments keepÃâÃÂ ...
March 30, 2018
Bodo Uebber, member of the board of management of Daimler AG and head of finance and controlling, echoed Schwarzenbauer's sentiments: “Together, we can offer millions of customers highly attractive products and services to make their lives easier and their environment a better place to live.
March 27, 2018
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is byÃâÃÂ ...
March 25, 2018
Daimler logo Shares of Daimler AG (ETR:DAI) have received a consensus recommendation of “Hold” from the twenty-four research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fourteen have assigned a holdÃâÃÂ ...
March 14, 2018
Daimler AG (DAI.XE) said Wednesday that its Mercedes-Benz car unit will invest more than 100 million euros ($123.6 million) by 2020 in manufacturing operations in Bangkok, Thailand, together with local partner Thonburi Automotive Assembly Plant Co. Ltd. The joint investment will be used for anÃâÃÂ ...
Simply Wall St
March 12, 2018
After Daimler AG's (XTRA:DAI) earnings announcement in December 2017, analyst forecasts seem pessimistic, with profits predicted to drop by -4.02% next year against the past 5-year average growth rate of 9.67%. Presently, with earnings at €10.53B, we should see this fall to €10.10B by 2019. Below is aÃâÃÂ ...
March 12, 2018
Daimler AG, formerly known as Daimler-Chrysler, has designed a cryptocurrency rewards program for eco-friendly drivers. The token, called MobiCoin, is designed to be redeemable for a range of related rewards, such as tickets to auto shows. It takes the form of an app, currently being tested by a handfulÃâÃÂ ...
March 6, 2018
However, it yet remains unclear if the MobiCoins can be converted into other cryptocurrencies. The technology can act to transform mobility, according to Jonas Von Malottki, a blockchain expert from Daimler's IT team. “The blockchain, with its decentralized architecture, will open business models andÃâÃÂ ...
March 4, 2018
Chinese investor Geely took a 10% stake in Daimler and has become the single-largest investor in the German car manufacturer. Germany's highest federal administrative court ruled that cities are allowed to ban diesel cars from their streets. Daimler's stock has been underpeforming the market and amidÃâÃÂ ...
March 1, 2018
German automaker Daimler has been steadily investing in a stream of new transportation services as it positions itself for the next generation of car ownership and travel. Today, it consolidated its position in one of those business: it paid €70 million ($85 million) to buy the remaining 25 percent ofÃâÃÂ ...
February 19, 2018
Bloomberg added that throughout 2017, Daimler AG raised the amount it has cumulatively saved up to “cover potential obligations from sales transactions, warranties and legal proceedings” to over $17 billion (14 billion euros), an implicit recognition of the danger of the ongoing investigations into its carsÃâÃÂ ...
February 8, 2018
After reporting record numbers for FY17, Daimler (OTCPK:DDAIF) (OTCPK:DMLRY) saw some correction initially over concerns about its 2018 outlook. The large dip and the reversal after were mostly on account of systematic risks rather than idiosyncratic ones. Since systematic risks can be diversifiedÃâÃÂ ...
February 5, 2018
Massive future investments into new technologies and new models will put pressure on margins, but long-term investors are richly compensated by a growing and juicy dividend. Rumor is on that Chinese investor Geely is about to make a significant investment into Daimler and potentially become the singleÃâÃÂ ...
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