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  The trouble of luxury brand champion, Daimler Mercedes-Benz halved its profit in 2019

  Daimler issued its third profit warning in 2019, and earnings before interest and tax in 2019 are expected to fall by 50 per cent to 5.6 billion euros (42.9 billion yuan) from 11.1 billion euros a year earlier.

  Daimler's profit halved 2020-01-24
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  The output of Mercedes-Benz EQC will be halved in 2020 due to insufficient battery supply. Daimler denies

  According to foreign media reports, due to the shortage of battery supplier LG Chemical, Mercedes-Benz EQC production halved from 60, 000 to 30, 000 in 2020. Daimler officially denied the media reports and said it would produce 50, 000 Mercedes-Benz EQC models by 2020. At present, Daimler has two factories around the world to produce Mercedes-Benz EQC, of which the overseas version of Mercedes-Benz EQC is produced by Bremen, Germany, and the domestic version is produced by Beijing Mercedes-Benz Shunyi factory. It is understood that Daimler originally planned to sell 25000 vehicles in 2019, due to the supply of LG chemical batteries.

  Mercedes-Benz EQC 2020-01-26
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  Daimler will cut 15000 jobs by vigorously cutting costs

  Daimler plans to announce an expansion of its cost-cutting plan at its annual press conference on Tuesday and will announce a reduction in investment in loss-making projects in non-core businesses, including plans to cut up to 15000 jobs, the German business daily reported.

  Daimler layoffs 2020-02-10
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  Daimler completes 12 billion euro credit line, group executives cut salaries by 20%

  According to foreign media reports, in response to the impact of the COVID-19 epidemic crisis, Daimler Group has signed a credit line agreement of 12 billion euros (92.2 billion yuan) to enhance its financial flexibility in the event of the epidemic crisis. Daimler said that the banks that signed the loans, including BNP Paribas, BNP Paribas, Deutsche Bank and JPMorgan Chase, could be used within 12 months, with two options for an extension of six months. It is understood that two years ago, Daimler Group signed a credit line of 11 billion euros with some international banks, which will be provided until 2025.

  Mercedes-Benz Ford GM 2020-04-03
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  Daimler's new CEO plan will reduce costs by 20%

  Daimler is developing a cost-cutting plan to achieve its profit margin target. It is planned to save about 20% of the management cost. Daimler's net profit in the first quarter of 2019 was 2.15 billion euros, down 9% from a year earlier, and pre-tax profit fell to 2.8 billion euros, down 16% from 3.35 billion euros in the first quarter of 2018. Mercedes-Benz sold 560000 vehicles in the first quarter, down 7% from a year earlier, while Daimler's operating profit fell 22% to 11.1 billion euros in 2018. The main reason for the decline in Daimler's profits is the decline in global sales of its business model Mercedes-Benz.

  Daimler 2019-05-21
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  Daimler's first-quarter profit fell 37%, while sales in China fell 3%.

  Daimler Group released the latest financial results, Daimler's first-quarter revenue of 39.7 billion euros, basically the same as the same period last year, net profit of 2.15 billion euros, down 9% from a year earlier. Of this total, pre-tax profit (EBIT) fell 16% from a year earlier to 2.8 billion euros, below analysts' expectations of 2.89 billion euros. In response, Daimler Global President Zetsche said, "We are not satisfied with the performance of the first quarter, and after such a start, we need to make more efforts to achieve the full-year target for 2019." As for the decline in performance, Daimler said it was mainly due to Mercedes-Benz sales.

  Daimler first profit 2019-04-27
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  Three profit warnings have been issued and Daimler has streamlined management to revive performance

  On February 20th, Daimler's website announced that it was streamlining the management of its finance, production and development departments to eliminate duplication of management positions between Mercedes-Benz and Daimler. The adjustments are as follows: Ola Kaellenius, Daimler's chief executive, will succeed Wilfried Porth in charge of Mercedes-Benz's light commercial vehicle business, while Boulter will continue as Daimler's director of human resources. Harald Wilhelm, chief financial officer, will take over from Merseyside on April 1.

  Daimler Mercedes-Benz 2020-02-21
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  Daimler is mired in a diesel scandal and profits continue to decline, and BAIC Geely competes to buy its shares.

  Daimler's profits fell sharply as a result of the "diesel door" incident, but BAIC and Geely were interested in the future of its automation and competed to acquire shares. In just 12 months, Daimler has issued four profit warnings. In June, Daimler announced a cut in its profit forecast, the third time this year that Daimler has cut its profit forecast for 2019. Daimler had previously insisted that profits would increase in 2019 compared with the same period last year, but this time Daimler admitted that earnings before interest and tax in 2019 were expected to be the same as in 2018. The latest profit warning is.

  Geely Daimler profit BAIC diesel 2019-07-24
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  Daimler lost money for the first time in a decade, seeking cooperation to alleviate the profit crisis

  Recently, Daimler Group released its second-quarter financial results, which showed that Daimler Group's revenue was 42.65 billion euros, up 5% from a year earlier, and a loss of 1.56 billion euros before interest and tax, compared with a profit of 2.6 billion euros in the same period last year. Daimler shares fell 2.85 per cent the following day, the first quarterly loss for Daimler Group since 2010. Daimler's second-quarter results came a day after Beijing Auto announced a stake in Daimler, with a 5% stake. Thirdly, the first and third largest shareholders of surrogate mothers come from Chinese companies, namely Geely Group, which holds 9.69% of the shares.

  Daimler losing money seeking 2019-07-31
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  It is exposed that Daimler will cut 30,000 jobs worldwide and report a loss in the second quarter.

  As profits have fallen sharply to losses, Daimler, the parent company of Mercedes-Benz, is considering expanding layoffs and further cutting costs. According to German media reports, Daimler will cut 30,000 jobs and is considering closing some overseas factories. According to German media, the cost-cutting plan launched by Daimler last year is more extensive than when it was first launched. People close to the plan said that it was widely spread within Daimler that the company would cut as many as 30,000 jobs worldwide, including many management positions. In November 2019, Daimler announced that it would cut at least 10,000 jobs and staff costs worldwide by the end of 2022.

  Daimler 2020-07-23
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  Audi has revenue of 31.2 billion euros in the first half and faces double challenges of new WLTP and vehicle replacement in the second half of the year.

  The car market was in the doldrums in the first half of this year, and life was tough for both proprietary, joint venture and luxury brands, with Audi's revenue and profits falling in the first half of the year, following Daimler's quarterly losses. According to the official results released by Audi, in the first half of this year, Audi's sales revenue was 28.76 billion yuan, down 7.8% from the same period last year; operating profit was 2.3 billion yuan, down 16.7% from the same period last year; the net cash flow in the first half of this year was 2.25 billion yuan, down 15.7% from the same period last year. Audi director Song Yinzhe said that with the steady increase in Audi brand delivery volume..

  Audi model revenue euro replacement 2019-07-31
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  When the layoff plan is in progress! Daimler may lay off nearly 100 employees in China

  On February 25, media reported that Daimler may cut 4% of its workforce in China in the first and second half of this year, including nearly 100 foreign experts from Beijing Mercedes-Benz. The main reason for layoffs in China is that the cost of foreign workers is nearly 7-8 times higher than that of Chinese employees. It is understood that Mercedes-Benz spends more than 300000 euros (2.2878 million yuan) a year for a German employee in the Chinese market-including wages and a wide variety of subsidies, with an average annual cost of 300000 yuan for a Chinese employee. Public data show that at present, there are about 100 foreign employees of Beijing Mercedes-Benz.

  Daimler Mercedes 2020-02-25
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  Affected by emissions gate and recall, Daimler's profit fell by more than 50% in 2019.

  German carmaker Daimler Group released its results for the fiscal year 2019 ended December 31, 2019. The results show that Daimler Group sold 3.34 million vehicles in 2019, with turnover up 3% year on year to 172.7 billion euros, while net profit fell to 2.7 billion euros from 7.6 billion euros the previous year. Daimler issued its third profit warning for fiscal year 2019 last month, saying profit before interest and tax fell by about 50 per cent to 5.6 billion euros ($6.2 billion) in 2019 from 11.1 billion euros in the same period in 2018. The reason for the decline in profits is mainly due to diesel.

  Mercedes Benz 2020-02-11
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  It is revealed that Daimler plans to cut 10000 jobs and cut costs by $6.75 billion.

  Last September, Daimler announced that current CEO Zetsche will officially step down in May 2019, and will be replaced by Kang Linsong, who is a member of Daimler's board of directors and is in charge of group research and development of Mercedes-Benz. The incoming Daimler's new CEO has made it clear many times that he will make cost-cutting plans, while as the auto industry develops in new directions such as self-driving and electric cars, R & D costs are rising and will work with other car companies to reduce transformation costs. Recently, it was reported that Daimler's cost-cutting plan is more specific, and the German "Manager's Magazine" reported that it will be on May 22.

  Layoffs Daimler. 2019-04-21
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  Daimler was fined $957 million for 684000 vehicles violating regulatory requirements for emissions fraud

  German prosecutors said on Tuesday that Daimler, the parent company of Mercedes-Benz, would be fined 870 million euros ($957 million) for violating regulatory requirements by selling about 684000 vehicles that did not comply with nitrogen oxide emissions. Prosecutors in Stuttgart, Germany, said the fine on Daimler had no impact on ongoing lawsuits involving individuals manipulating engine software used by some of Daimler's diesel cars. At the same time, Daimler said in a statement that the company will keep its profit forecast unchanged and will not take other legal action, a penalty that resolved Daimler Group in Germany.

  Daimler fined for emissions fraud 2019-09-25
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  Daimler made a profit of 24 billion yuan in the third quarter, making up for its loss in the first half of the year.

  Since 2020, the global automobile market has been hit by the COVID-19 epidemic, resulting in a double decline in the sales performance of many car companies, even the always strong luxury brand Mercedes-Benz, with a net loss of 1.7 billion euros (13.339 billion yuan) in the second quarter. However, as the market recovers, Daimler's performance has recovered and rebounded more than expected.

  Daimler 2020-10-18
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  To prevent hostile takeovers, Daimler will seek 10 billion euro credit line support

  German carmaker Daimler is in contact with a number of banks to seek credit support of about 10 billion euros (78 billion yuan) to help it cope with the impact of COVID-19 's epidemic, foreign media reported on March 27. The negotiations are still ongoing and details are expected to be released next week, and Daimler has not commented on the report. One of the problems that Daimler's financial situation has been pressing to solve. In fact, the German carmaker's financial problems emerged last year. In November 2019, Daimler announced that it would be by the end of 2022.

  Daimler 2020-03-27
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  Compensation of more than 20 billion, Daimler emissions cheating and reconciliation with the US authorities

  Another German carmaker is in trouble after Volkswagen Group spent huge sums of money in the United States to deal with the "emission gate" lawsuit. Daimler, the parent company of Mercedes-Benz, said recently that it had reached a nearly $3 billion (20.85 billion yuan) settlement with the United States over "cheating in diesel emissions" to resolve civil investigations by US regulators and lawsuits brought by car owners. It is understood that the lawsuits stem from a long-term investigation into Daimler's cheating software for diesel emissions tests. As early as 2018, US investigators found that Mercedes-Benz diesel cars may have used illegal software in emission tests.

  Daimler discharge door. 2020-08-15
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  Mired in the "diesel gate" emission scandal! Daimler was ordered to recall another 260000 Sprinter models

  After Daimler was fined 870 million euros by German prosecutors at the end of September, Daimler said the "diesel throttle" scandal was resolved and said the fine would not affect Daimler's third-quarter profits. Today, however, a month later, there are media reports that Daimler was once again ordered by German auto regulators to recall 260000 Sprinter commercial vehicles because of the "diesel valve" scandal. It is understood that in addition to the fine imposed by German prosecutors in September this year, the German Automobile Administration found that emissions cheating software was installed on Mercedes-Benz C-Class and E-Class cars in August this year, and Daimler was ordered to lock its throat.

  Daimler diesel scandal 2019-10-12
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  Smart will be "domestic", and Daimler plans to sell its French factory.

  Affected by the COVID-19 epidemic, multinational car companies around the world have been hit unprecedentedly. Even Daimler, one of the most profitable companies, had previously been strapped for cash because of the epidemic and planned to sell factories with overcapacity, which is the exclusive plant of Smart.

  Daimler 2020-07-06