French automakers, Renault recently clarified that though they were in talks with Japanese automakers Mitsubishi Motors Corp for limited cooperation in the past, these talks had been inconclusive, and never led in the direction, thus ruling out any alliance.
Daimler subsidiary Fuso 18% sales growth for 2012. The company sold 174,600 commercial vehicles during the past year. FUSO 2015 growth strategy where they are targeting sales at 200,000 commercial vehicles per annum.
Daimler 2012 strong sales: BharatBenz India investments. Daimler has made an investment in their BharatBenz India plant where the production began in mid-2012.
Daimler AG invests further in BAIC Motor passenger car unit. Through the investment, Daimler will now control a 12% stake of BAIC constituted by issuance of shares as also seats for two members on the Board of Directors.
Mercedes-Benz Formula 1 racing team with Toto Wolff and Niki Lauda management. Wolff is working with Williams and will be leaving the team, and continue to be a shareholder.
Daimler has achieved a landmark victory in China by the establishment of Beijing Mercedes-Benz Sales Service Co. Ltd due to which all sales activities will…
In order to boost productivity and quality within its manufacturing facilities, Daimler has incorporated robots for work in its manufacturing facilities. Daimler and KUKA AG…
Daimler buys back entire stake in Mercedes F1 team from Abu Dhabi’s Abra Investments, who at the start of the year made it clear that…
After purchasing a 40% stake owned by Aabar Investments, an Abu Dhabi sovereign wealth fund, for an undisclosed amount, Daimler now has total ownership of…
