Daimler AG said Tuesday that it swung to a fourth-quarter loss and slashed its dividend as the diesel-emissions issue weighed on its balance sheet. The German car maker DAI, +2.43% posted a net loss of 11.0 million euros ($12.0 million) for the period compared with net profit of EUR1.64 billionRead More →
© Reuters. File photo of Mercedes-Benz logo pictured before company’s annual news conference in Stuttgart By Ludwig Burger FRANKFURT (Reuters) – German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues. Daimler said late on Friday that Germany’s road traffic regulatorRead More →
BERLIN (Reuters) – Daimler (DE:) said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans. Carmakers have been forced to consider upgrading exhaust treatment systemsRead More →
© Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin FRANKFURT (Reuters) – Daimler has cut its earnings outlook for this year after lifting provisions for issues related to diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday. Group earningsRead More →
© Reuters. FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo BERLIN (Reuters) – A German court on Tuesday ruled in favor of Germany’s biggest carmaker Volkswagen (DE:) in a case brought by a customer seeking compensation forRead More →
© Reuters. FILE PHOTO – The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg PARIS (Reuters) – Renault’s (PA:) revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, theRead More →
© Reuters. The Volkswagen logo is seen at the North American International Auto Show in Detroit, Michigan WASHINGTON (Reuters) – A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s (DE:) luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s dieselRead More →
© Reuters. Workers set up a Jaguar booth inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo, in Shanghai By Costas Pitas LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to announce “substantial” job cuts in the thousands, aRead More →
