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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 BAIC's acquisition of Daimler shares will surpass Geely to become the largest shareholder.

  BAIC, a Daimler joint venture partner, has launched a plan to double its stake in Daimler to about 10 per cent, winning a seat on the board of directors of the German luxury carmaker to replace rival Geely as Daimler's largest single shareholder, Reuters reported, citing sources.

  Daimler Beijing Mercedes Benz 2019-12-16
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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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  It is exposed that BAIC will increase its stake in Daimler and may become the largest shareholder.

  On November 26, according to media reports, BAIC intends to continue to increase its stake in Daimler, and if the increase is confirmed, BAIC may become the largest shareholder of Daimler. On July 23, BAIC announced that in order to strengthen the long-term strategic cooperation between the two sides, it would invest in Daimler AG, which currently owns 5% of Daimler AG, including 2.48% direct shareholding and the right to obtain additional voting rights equivalent to 2.52% of the shares. The move led to a complex triangular relationship between Daimler, BAIC and Geely. After this transaction, BAIC became the third largest shareholder in Daimler.

  BAIC Mercedes-Benz 2019-11-26
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  To cut costs, Daimler, parent company of Mercedes-Benz, will cut another 10,000 jobs.

  Daimler, the parent company of Mercedes-Benz, is embarking on a new round of cost-cutting plans due to a sharp drop in profits. Foreign media reported that Daimler plans to cut another 10,000 jobs by the end of 2025, after Daimler announced that it would cut at least 10,000 jobs worldwide by 2022. It is reported to be part of a new cost-cutting plan by Ola K llenius, CEO of Daimler. Daimler also plans to outsource IT services and cut jobs in research and development. Daimler's layoffs and cost-cutting programs were officially launched as early as last year. In November 2019, Daimler announced.

  Daimler Mercedes Benz 2020-06-22
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  One of the biggest restructurings in Durham history! Daimler Group will be reorganized and split into three major companies in November

  According to foreign media reports, the Daimler Group business will be officially split into three entities: Mercedes-Benz (Mercedes-Benz AG), Daimler truck Company (Daimler Truck AG) and Daimler Mobile Travel Company (Daimler Mobility AG). Among them, Mercedes-Benz will be responsible for cars and trucks, Daimler trucks will be responsible for trucks and buses. Daimler's financial services division, which is already an independent entity, will be renamed Daimler Mobile Travel on July 24. At the same time, it will also be Dam.

  Daimler Durham. 2019-05-22
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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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  BAIC responded to the rumor of "increasing its stake in Daimler to 9.9%", saying it did not know about it.

  A few days ago, several media reported that BAIC plans to increase its 4.99% stake in Daimler Group by buying shares in the secondary market, when its total shareholding will reach 9.99%, surpassing Geely to become Daimler's largest shareholder. In response to this report, the person in charge of BAIC said in response to the Daily Economic News that "I don't know."

  Daimler 2020-09-10
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  Revelation! BAIC plans to buy shares in Daimler, or spend more than 20 billion yuan

  BAIC has sought local government support to acquire a 40.5 per cent stake in Daimler, which could cost more than 20 billion yuan, Reuters reported. BAIC and Daimler established cooperation as early as 2005, forming a joint venture to produce Beijing Mercedes-Benz-branded cars in China, with BAIC accounting for 51% of the joint venture company and Daimler holding the remaining 49%. BAIC has begun to buy Daimler shares on the open market, and the acquisition may eventually cost more than 20 billion, and BAIC has informed Daimler of the acquisition, the report said, citing people familiar with the matter. But so far, involved.

  Daimler acquisition BAIC 2019-05-12
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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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  Heavy! BAIC becomes the largest shareholder of Daimler

  On December 13, BAIC announced that in order to strengthen long-term strategic cooperation between the two sides, it had held a 9.98% stake in Daimler AG through continued investment in 2019. This shows that the two sides fully recognize the success of long-term cooperation in the past and attach importance to future development. At the same time, Daimler Group holds 9.55% of Beijing Automobile and 2.46% of BAIC Blue Valley, and cross-shareholdings will contribute to the high-quality development and long-term success of both sides in the Chinese market. BAIC has no plans to further increase its stake in Daimler under an agreement between the two sides. Beijing Automobile has a long history with Daimler since 20.

  Beijing Mercedes Benz 2021-12-13
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  Two major Chinese car companies bought shares, and BAIC announced the acquisition of a 5% stake in Daimler

  Today, BAIC officially announced that it had completed the acquisition of a 5% stake in Daimler AG, continuing to consolidate the partnership between the two sides. The rumor finally came true. As early as early May, Reuters reported that BAIC had sought local government support to acquire a 45 per cent stake in Daimler at a cost of more than 20 billion yuan. BAIC and Daimler established a partnership as early as 2005, forming a joint venture to introduce Mercedes-Benz-branded cars to be produced and sold in China, with BAIC accounting for 51% of the joint venture and Daimler holding the remaining 49%. According to BAIC officials, this time.

  Daimler acquisition BAIC 2019-07-23
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  History changed its name for the third time! Daimler will change its name to Mercedes-Benz

  There may be no such name as "Daimler" after February this year. According to media reports, Daimler will officially change its name to "Mercedes-Benz Group" from February 1 this year. The change is due to the company's desire to unleash shareholder value and focus more on the electrification transformation of the automotive industry, and this will be the third time in its history that the company has changed its name. Ola Kallenius, Daimler's chief executive, is seeking a higher valuation for the luxury carmaker to cope with the electrification of the car industry, Reuters reported. European Automotive analyst at Royal Bank of Canada Capital Markets.

  Daimler 2022-01-29
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  Daimler lost money for the first time in a decade, and many popular Mercedes-Benz models will be cut.

  Daimler on Wednesday reported a second-quarter loss of 1.6 billion euros, making cost-saving one of Kanglinsong's next priorities. Kang Linsong said that he would cancel a number of models and did not rule out the possibility of "simplifying fuel models". It is understood that Daimler will announce which models will be cancelled at the capital market in the autumn. People familiar with the matter said that models with poor sales are likely to be cancelled. Daimler X-Class pickup trucks, E-Class All-Terrain models and Cabrio models, and Citan are all on the cancellation list. But Kang Songlin declined to give details and said that car sales would be an important criterion for inspection.

  Car model Daimler loss 2019-07-27
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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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  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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  Xu Heyi publicly responded to BAIC's stake in Daimler for the first time.

  According to relevant media reports, Xu Heyi, chairman of BAIC, made a public response to the Daimler stake for the first time, stressing that the current cross-shareholding relationship was not due to changes in the situation later, but years ago. On July 23, BAIC officially announced that it had completed the acquisition of a 5% stake in Daimler AG, continuing to consolidate the partnership between the two sides. At the same time, BAIC has also become Daimler's third largest independent shareholder. On July 29, Xu Heyi, chairman of BAIC Group, said frankly at the media forum of BAIC Group that BAIC had made a lot of painstaking efforts to acquire a stake in Daimler, and it took a long time to prepare for this. "me.

  Daimler respond BAIC 2019-07-30
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  Daimler was fined 1 billion euros for "diesel door" fraud, and 280000 Mercedes-Benz were forcibly recalled.

  Prosecutors in Stuttgart, Germany, fined Daimler between 800m and 1 billion euros for violating diesel vehicle emissions regulations, according to foreign media reports. It is understood that the German Automobile Administration found that Mercedes-Benz C-Class and E-Class cars were equipped with deceptive emission testing software, which involved passing the exhaust test by software fraud, so Germany ordered the company to recall a total of 280000 Mercedes-Benz cars. In response to this report, a spokesman for the German prosecutor's office in Stuttgart said that the investigation would not be lifted before the end of the year. Daimler also declined to comment in the face of the diesel gate incident. ...

  Daimler 2019-08-10
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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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  After BAIC reported to increase its stake in Daimler, Daimler wants to increase its stake in Beijing Mercedes-Benz?

  Daimler is seeking to acquire a stake in Beijing Mercedes-Benz, including a plan to increase its 49 per cent stake in Beijing Mercedes-Benz to 75 per cent, Reuters reported, citing people familiar with the matter. Daimler's plan has met some opposition within BAIC because it wants to maintain control of its lucrative business, according to people familiar with the matter. Beijing Mercedes-Benz Motor Co., Ltd. benefited from strong sales of Mercedes-Benz cars and helped BAIC fund the expansion of other businesses. Some media verified the news to the Public Relations Department of BAIC Group. BAIC Public Relations Department said that there was "no official news" and Daimler Group did not make a statement.

  Beijing Mercedes Benz 2019-12-17