Tag Archive | "daimler"
Daimler AG and Hero Group dissolve joint venture in India
Daimler AG and Hero Group today together announced to dissolve the Daimler Hero Commercial Vehicles Ltd. joint venture in India. The economic situation and the continuing weakness in demand in India require a repositioning of Daimler Trucks’ partnership with the Hero Group in India. In the future, the Hero Group will focus on its core [...]
Continue reading...Daimler AG to create joint venture with Beiqi Foton
Thursday, January 29, 2009
In the presence of German Chancellor Angela Merkel and Gou Zhongwen, the Vice Mayor of Beijing, Beiqi Foton Motor Co., Ltd. and Daimler AG signed a letter of intent to form a 50:50 joint venture to produce medium and heavy-duty trucks and exchange technology in China. This is the foundation for the next step of [...]
Continue reading...Mercedes-Benz to discontinuing using V12 engines
Monday, December 1, 2008
Our beloved friends over at AutoBild are reporting that Mercedes-Benz is considering discontinuing the production of the V12 engine. The current CL 600, SL 600, CL 65 AMG and S 65 AMG still use the 12 cylinder engine, but in the next few years, the switch will be made to the V8 twin-turbo engines. While [...]
Continue reading...Negotiations on redemption of Chrysler shares more difficult
Monday, December 1, 2008
Welcome back ladies and gentlemen, we hope you had a great thanksgiving weekend. I am sure we all had enough rest for now, which means it is back to work. To kick things off, we’ll start with a somewhat unpleasant story between Daimler and Cerberus. The negotiations between Daimler AG and Cerberus Capital Management LLC [...]
Continue reading...Daimler to sell remaing 19.9% stake in Chrysler
Wednesday, September 24, 2008
Daimler confirms that the Company is in discussions with Cerberus Capital Management regarding the redemption of its remaining 19.9 percent stake in Chrysler LLC. It aims to exit the Chrysler holding within a few weeks. A sale would sever the last Chrysler ties for Daimler, which sold 80.1 percent of the third-largest U.S. automaker to [...]
Continue reading...UPS Places Largest Order for “Green” Trucks Ever with Daimler
Wednesday, May 14, 2008
The largest order of alternative-fuel and drive-train commercial vehicles to-date was placed with DTNA’s Freightliner Custom Chassis Corporation today by UPS. The order, consisting of 200 hybrid electric vehicles and 300 compressed natural gas vehicles. These environmental friendly vehicles will be used by UPS for daily delivery operations across the United States and will function in [...]
Continue reading...
Wednesday, April 15, 2009
0 Comments