daimler

Satyakam Arya, head of customer services at daimler Trucks Asia and chairman of PABCO, will take over as managing director and CEO of daimler India Commercial Vehicles (DICV).

In line with daimler Trucks Asia's business model of integrating certain key areas, daimler India Commercial Vehicles, a wholly-owned subsidiary of daimler AG has rejigged its top management.

The spinoff of daimler Truck Holding AG as a separate listed entity, first announced in February, will be voted on by daimler shareholders at an extraordinary general meeting on Oct. 1.

Llistosella is currently head of marketing, sales and after-sales, Trucks Asia and daimler India Commercial Vehicles.

German car maker daimler said on Tuesday it will cooperate with China's Geely to build next-generation combustion engines for use in hybrid vehicles.

Infosys on Tuesday said it has formed a long-term partnership with daimler AG for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys, a statement said.

The world's largest truck maker daimler is understood to be selling off its residual stake in Tata Motors for over $ 400 million.

German automaker daimler on Monday said it has received RBI's nod to set up a non-banking financial services firm in India with an initial investment of over $50 million (around Rs 222 crore) for financing vehicles to consumers.

It’s a landmark, multi-billion-dollar deal win for Infosys. The Bengaluru-based IT firm has won the largest deal ever in its history from German automotive major daimler that sources said is estimated at $3.2 billion and spread over eight years, reports Shilpa Phadnis.

daimler Truck launched on the Frankfurt Stock Exchange on Friday after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz.

daimler-CANADA/SETTLEMENT (URGENT)daimler settles diesel emission claims in Canada for $197 mln

daimler India Commercial Vehicles (DICV), along with Mitsubishi Fuso Truck and Bus Corporation (MFTBC), a daimler company, rolled out its first left-hand drive (LHD) FUSO trucks for export markets. The truck is being manufactured at the company’s plant at Oragadam in Chennai.

German auto major daimler has been putting in place a focused strategy called DT 1 or daimler Trucks No 1 that addresses all the markets it is involved in.

daimler said on Wednesday that its plan to spin off daimler Trucks will allow the world's largest truck and bus maker to become more profitable and focus more on developing technologies to cut carbon emissions.

It’s a landmark, multi-billion-dollar deal win for Infosys. The Bengaluru-based IT firm has won the largest deal ever in its history from German automotive major daimler that sources said is estimated at $3.2 billion, spread over eight years.

daimler CEO Ola Kallenius said that ``by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries.''

"The infrastructure will take longer than we take to make a good product available," Martin Daum, who will lead daimler Trucks into a planned spinoff later this year.

daimler India Commercial Vehicles (DICV) on Thursday laid the foundation stone for a bus-making facility at its existing plant in Oragadam, near Chennai.

daimler India Commercial Vehicles has hit the milestone of producing 25,000 vehicles determined for exports. The milestone vehicle, a Fuso FJ 1823R, was shipped to Saudi Arabia.