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BMW And Daimler Partner In A €1 Billion Mobility Joint Venture
Monday, February 25, 2019 - 3:06pm | 840Read More...German automakers BMW Group and Daimler AG have embarked on a joint partnership in the mobility segment, investing €1 billion in five different verticals within the market. In a meeting held in Berlin, Dieter Zetsche, the chairman of Daimler AG, and Harald Krüger, the CEO of BMW Group,...
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Trump Threatens 20% Tariffs On EU Cars
Friday, June 22, 2018 - 11:11am | 361Read More...In the midst of a burgeoning trade war, President Donald Trump has laid down a fast and furious ultimatum. “Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and...
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From App Store To Financing In 10 Minutes: AutoGravity Is Fintech's Answer To Car Shopping
Friday, October 13, 2017 - 9:29am | 743Read More...AutoGravity, a fintech platform for car shopping, has been nationally available for less than a year. The app’s been downloaded more than 750,000 times and processed more than $1 billion in financing requests. With the announcement last month that the Irvine, California-based startup has...
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The Web Widens: Fiat Chrysler, BMW, Daimler Hitch Rides In Autonomy, Ride-Hailing Race
Thursday, August 17, 2017 - 1:34pm | 527Read More...There’s a lot of intermarrying going on in the automotive space. Amid pressure to match pace with accelerating developments in autonomous driving and ride sharing, a few major players either confirmed or were rumored to be exploring partnerships this week. Finally In The Driver’s Seat...
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Big 5 German Automakers Implicated In Price-Fixing Scandal; VW Exec Plans To Cop Plea In Emissions Probe
Wednesday, July 26, 2017 - 9:32am | 366Read More...The European Union and German antitrust regulators are investigating whether the five major German automakers colluded to fix the price of diesel emissions treatment systems, according to published reports. The claims against Volkswagen, Daimler, Audi, BMW and Porsche were first reported Friday in...
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Daimler CEO On Apple And Google's Progress In Auto Space: 'These Companies Can Do More And Know More Than We Had Previously Assumed'
Monday, January 25, 2016 - 9:40am | 238Read More...Apple Inc. (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG)'s progress in the automotive space is said to be so advanced, it is surprising to industry veterans. According to Reuters, Daimler's Chief Executive Dieter Zetsche is among the industry veterans that failed to accurately predict...
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Heavy-Duty Truck Orders Crashed 60% Last Month, Neutral Ratings Follow
Thursday, December 3, 2015 - 2:28pm | 458Read More...In a report issued Thursday, Cleveland Research analyst Adam Uhlman shared insights into the heavy-duty truck industry. According to the note, heavy-duty truck orders plummeted roughly 60 percent in November. Based on this data, the firm issued Neutral ratings for Cummins Inc. (NYSE: CMI),...
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Can Nokia Exist If It Sells All Of Its Businesses?
Tuesday, August 4, 2015 - 2:42pm | 631Read More...Nokia Corporation (ADR) (NYSE: NOK) famously sold its handset business to Microsoft Corporation (NASDAQ: MSFT) for $7.52 billion. This week the company sold its mapping business to BMW Group, AUDI AG VORMALS AUDI (OTC: AUDVF) and Daimler AG (OTC: DDAIF). The three automakers reportedly paid $3....
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Report: Daimler Working With Baidu And Qualcomm On New Auto Technology
Tuesday, May 26, 2015 - 12:21pm | 444Read More...German car maker Daimler has made a push recently to expand the capabilities of its automobiles by partnering with mobile technologies company Qualcomm Inc (NASDAQ: QCOM) and Chinese web services company Baidu Inc (NASDAQ: BIDU). According to multiple reports by Reuters, owners of Daimler models...
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Daimler Gets Nevada License For 2 Autonomous Freight Trucks
Wednesday, May 6, 2015 - 1:33pm | 222Read More...Daimler AG (OTC: DDAIF) became the world's first manufacturer to be granted a road license for self-driving truck Tuesday. But it will be about 10 years before the technology becomes commercially available in freight-hauling trucks. "It remains our goal to be in a position to offer the...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708Read More...In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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Daimler AG's Ola Källenius Talks Innovation, Aluminum Cars And Jurassic Park
Wednesday, January 21, 2015 - 2:34pm | 590Read More...Ola Källenius, the newest addition to Daimler AG's (OTC: DDAIF) board of management, covered a wide range of topics at the 2015 Automotive News World Congress last week. As expected, technology proved to be one of the most important things discussed at the event. Källenius, who...
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Mercedes-Benz Wants To Lead The Way To Driverless Cars
Friday, January 16, 2015 - 3:12pm | 592Read More...Daimler AG's (OTC: DDAIF) Mercedes-Benz division is one of many automakers looking to break new ground in building a fully autonomous automobile. Will it be the first? Ola Källenius, who joined Daimler AG's board of management on January 1, spoke about this and other topics at the...
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How Daimler Saved Tesla And Paved The Way For An Electric Car Revolution
Wednesday, January 14, 2015 - 1:43pm | 460Read More...Tesla Motors Inc (NASDAQ: TSLA) may not be here right now if it weren't for Daimler AG (OTCMKTS:DDAIF). Tesla co-founder Elon Musk poured all of his money into the company to keep it going in 2008. Six months later, Daimler entered the fray -- and ultimately saved the day. "That...
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Are Automakers Severing Ties With Tesla?
Friday, October 31, 2014 - 9:25am | 1006Read More...Last week, two big automakers announced they were pulling back on their relationship with Tesla Motors Inc (NASDAQ: TSLA). Daimler AG (OTC: DDAIY) announced on October 21 that it was both terminating its share-price hedge and selling its stake in the company, while Reuters reported and later...
