DAIMLER
European shares set for weekly loss on heightened trade tensions
European shares remained steady on Friday but were set for a weekly decline due to escalating trade tensions and concerns over economic slowdown. BMW's profit drop and tariffs announced by President Trump impacted investor sentiment, with significant declines in auto stocks and Universal Music Group.
India Inc on the Move 2025: Advancing AI-driven smart and sustainable manufacturing
India Inc On The Move (IIOTM), the flagship corporate event of Rockwell Automation India, was successfully held on February 19, 2025, at Andaz Delhi, Aerocity. Industry leaders, technology visionaries, and innovators gathered to explore the transformative potential of artificial intelligence (AI) and other advanced technologies in accelerating smart and sustainable manufacturing.
IT services firms see proactive deal renewals by clients on AI upsurge
This is likely to see a decline of longer-tenured contracts upwards of 5-10 years with a greater number of shorter period and smaller sized deals going forward. It is also in line with top executives calling for the outsourcing model ripe for disruption with a focus on outcome-based projects than just people-led model, experts say.
Together’s AI fund; IT deals’ proactive renewals
Happy Monday! Freshworks founder Girish Mathrubootham’s VC firm Together is eyeing the final close of its AI-focussed fund. This and more in today’s ETtech Morning Dispatch.
Trump immigration, tariff rhetoric rattles India auto suppliers
US President Trump's threats of tariffs and immigration curbs pose significant risks for Indian auto parts suppliers. The potential tariffs on Mexican imports and reduced migrant labor availability could hinder Indian firms' expansion in their primary export market, impacting production and supply chains.
Daimler India Commercial Vehicles appoints Michael Moebius as President, Chief Procurement & Supply Chain Officer
Daimler India Commercial Vehicles (DICV) has appointed Michael Moebius as its new President and Chief Procurement & Supply Chain Officer, succeeding Muthu Maruthachalam C. Moebius returns to DICV after leading quality management at Daimler Truck Asia, where he spearheaded quality improvements and innovative solutions for various brands.
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Daimler aims to have a presence in 350 network locations by the end of 2023
German auto-maker Daimler has opened five new dealerships in India as part of its plan to have outlets in 350 locations by the end of the year. The new dealerships, located in Tamil Nadu, Uttar Pradesh, Haryana, Mizoram, and Nagaland, will provide sales, service, and spare parts for the company's BharatBenz range of vehicles. Daimler currently has over 320 locations in its network and plans to reach 350 by the end of 2023.
Daimler Truck launches global innovation centre in Bengaluru
Daimler Truck has announced the launch of its global innovation centre in Bengaluru. The Daimler Truck Innovation Center India (DTICI) aims at tapping into India's engineering and IT talent to develop innovative products both locally and globally, it said in a release.
Daimler India Commercial Vehicles appoints Manish Thakore as CFO
“Manish's entrepreneurial mindset, rich financial background and digital transformation experience makes him a perfect fit for our management team. Our customers, dealers, employees and other stakeholders will all certainly benefit from his strong knowledge of the Indian market environment as well as his vast international experience," Satyakam Arya, Managing Director and CEO of Daimler India Commercial Vehicles, said in a statement.
Daimler set to spin off truck unit by year end: CFO
"We are right on schedule with the detailed preparations for this complex project and want to float Daimler Truck on the stock exchange as an independent company by the end of this year," CFO Harald Wilhelm told the Automobilwoche weekly.
Daimler India shuts bus and truckmaking unit for three days
"Daimler India Commercial Vehicles (DICV) has declared a non-production day for June 1 'til June 3, 2021, due to temporary parts shortages caused by lockdown restrictions," the spokesman said in a statement.
Daimler partners with Amazon on self-driving trucks
Daimler subsidiary Torc Robotics, which specialises in vehicle automation software, selected Amazon Web Services as a cloud provider for its upcoming truck tests in the US states of New Mexico and Virginia, the German company said in a statement.
Infosys, Daimler in deal for IT infra transformation
The deal will allow Daimler to strengthen IT infrastructure at its plants and bolster Infosys's automotive expertise.
Infosys likely to win $1.3 billion Daimler deal
Infosys already serves as a strategic partner for Daimler’s European data centres. The service is delivered out of Daimler’s enterprise operations office in Bengaluru.
Daimler India reaches 35,000 vehicles export milestone
According to company officials, Daimler India is the only location of the company where engines, transmissions, trucks and buses are manufactured at the same site under four brands.
Satyakam Arya to succeed Erich Nesselhauf as MD & CEO of Daimler India Commercial Vehicles
Satyakam Arya joined DICV in 2009 as the Head of Powertrain Procurement before becoming its Vice President of Global Procurement.
Daimler India to export school buses to Middle East this year
The company, a wholly-owned subsidiary of Daimler AG, also plans to expand its product portfolio in the domestic market by bringing in a 16-tonne bus chassis next year.
Daimler records 37% rise in sales in 2015
Daimler today said its sales rose by 37 per cent to 14,000 units in the domestic market on good demand for heavy-duty segment.
Sterling & Wilson bags contract from Daimler India
Sterling and Wilson, part of Shapoorji Pallonji Group, said it has bagged a contract from Daimler India Commercial Vehicles related to its manufacturing facility in Tamil Nadu.
German prosecutors drop probe of Daimler, Merkel aide
Klaeden, who is now head of external affairs at Daimler, was being investigated for "taking undue advantage."
Daimler India looks to replicate trucks business success in buses
Daimler's bus plant located in Oragadam, near Chennai is coming up at an investment of Rs 424 crore.
Daimler begins exports of FUSO trucks to Zimbabwe
Expanding its overseas presence, German commercial vehicle maker Daimler has now begun shipping its FUSO range of trucks to Zimbabwe.
Daimler to expand cost saving measures to narrow gap with BMW
In Feb, Daimler said it expected group earnings before interest and tax to increase "significantly" in 2014 from the 7.9 bn euros it reported for last year.
Daimler AG to hire 800 in India for boosting R&D operations
Automotive major Daimler AG said today it plans to hire 800 professionals in India to boost Mercedes-Benz research and development team in this country to 2,000 headcount by the year 2015.
Daimler Financial Services eyes $500 million in contract volume in 5 years
The Indian operations of Daimler Financial Services, a 100% arm of Daimler AG, aims to reach a contract volume of $500 million in the next five years.
Daimler AG forays into financial services space in India
Germany-headquartered Daimler AG today forayed into the financial services space in India with the establishment of a new Daimler Financial Services subsidiary in the country.
Daimler, Rolls-Royce make $4.4 billion bid for Tognum
Daimler AG and Rolls-Royce made a takeover bid for Tognum AG valuing German manufacturer at $4.4 bn as they target growing demand for heavy engines in emerging economies.
Daimler will create 10,000 jobs this year
German automaker Daimler will create 10,000 new jobs this year, of which 4,000 will be in Germany thanks to soaring orders, a company spokeswoman said Wednesday.
Daimler names anti-corruption director
German auto maker Daimler, which has pleaded guilty to US bribery charges, announced the creation of a director's position responsible for ensuring respect for the law.
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