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ANALYSIS New S class key to boosting Mercedes profit margins, China salesMay 17, 2013 06:01 CET  Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
ANALYSIS New S class key to boosting Mercedes profit margins, China sales 9:00 am U.S. ET | May 16, 2013  Daimler AG CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
DOUGLAS A. BOLDUC How a pope inspired Zetsche to become a Mercedes man 12:01 am U.S. ET | May 16, 2013  A religious experience set Dieter Zetsche on his path to becoming CEO of Mercedes-Benz.... Read More »
DOUGLAS A. BOLDUC How a pope inspired Zetsche to become a Mercedes man 12:01 am U.S. ET | May 16, 2013  A religious experience set Dieter Zetsche on his path to becoming CEO of Mercedes-Benz.... Read More »
Mercedes makes new S class leaner, greenerMay 15, 2013 23:50 CET  The new Mercedes-Benz S class is 100kg lighter than the model it will replace and its greenest variant will emit less CO2 than a Smart ForTwo. The brand's flagship sedan also has six eyes and six ears that allow it to see and hear enough to drive itself at speeds up to 60kph.... Read More »
Revamped Mercedes S class strives to set new luxury mark 2:00 pm U.S. ET | May 15, 2013  Mercedes-Benz is heralding the redesigned 2014 S class as a flagship that will set new benchmarks for luxury sedans with its packaging of technology, safety gear and opulence.... Read More »
Daimler plans 300 million euro expansion in RomaniaApril 24, 2013 15:08 CET  Daimler will invest more than 300 million euros to build a factory in Romania to assemble transmissions for its Mercedes-Benz brand after reaching full capacity at its main powertrain plant near Stuttgart.... Read More »
Daimler lowers 2013 profit goal after first-quarter earnings drop 56%April 24, 2013 08:19 CET  Daimler cut its 2013 profit forecast after its quarterly earnings fell 56 percent, burdened by Europe's slump and weaker Mercedes-Benz sales in China.... Read More »
2013 SHANGHAI AUTO SHOW Mercedes hits reset on China after sales drive faltersApril 22, 2013 08:34 CET  Mercedes is accelerating its dealer expansion in China, streamlining sales and bringing out a number of new or revamped models in a bid to to fix past mistakes in the market that have contributed to a growing gap with premium rivals BMW and Audi.... Read More »
2013 SHANGHAI AUTO SHOW Porsche vies with new Maserati as China grabs luxury limelightApril 22, 2013 06:01 CET Porsche has debuted a revamped version of its Panamera coupe at the Shanghai auto show where it sought to outshine Maserati's all-new Ghibli as both carmakers seek to attract customers in a luxury China market that is predicted to keep growing strongly.... Read More »
Daimler exits EADS with $2.9 billion stake sale to focus on carsApril 17, 2013 09:19 CET  Daimler has sold its remaining stake in European Aeronautic, Defence & Space Co. for 2.2 billion euros ($2.9 billion) to focus on its auto business.... Read More »
Mercedes counts on CLA to regain luxury crownApril 13, 2013 06:01 CET  Daimler's effort to reclaim the crown of world's largest luxury carmaker is looking a lot like the 1980s with the Mercedes CLA compact that harkens back to the 190 'Baby Benz' sedan. The new model is designed to broaden the brand's appeal, especially in the United States and China.... Read More »
Daimler likely to cut 2013 outlook on weak EuropeApril 10, 2013 09:34 CET  Daimler is likely to cut its 2013 profit outlook when it reports first-quarter earnings later this month amid weak demand, especially in Europe. "Not much tailwind is anticipated from the markets in the coming months. For Europe in particular, there are no signs of a trend reversal," CEO Dieter Zetsche said.... Read More »
Daimler's Bernhard sets sights on beating truck rivalsApril 4, 2013 10:34 CET  New Daimler trucks chief Wolfgang Bernhard aims to beat rivals Volvo and Scania in more than just sales. Closing the earnings gap with rivals would increase Bernhard's chances of eventually succeeding Daimler CEO Dieter Zetsche.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Race for luxury lead heats upApril 2, 2013 06:01 CET  Audi and Mercedes are both vying to be the world's No. 1 luxury brand as the race heats up to topple BMW from the top position. The three premium giants not only want to lead with the most sales, but also in profitability and with the desirability of their products.... Read More »
EURO ZONE CRISIS Chill in car sales spreads to northern EuropeMarch 27, 2013 11:15 CET  Dealers in northern Europe are feeling the chill after a slump in new-car sales spread to countries such as Germany, the Netherlands and Sweden. The outlook is grim for some markets that had until now escaped the worst of the euro zone debt crisis.... Read More »
Automaker chiefs urge end to European austerityMarch 6, 2013 09:49 CET  Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.... Read More »
BMW shrugs off Europe market decline as Daimler seeks capacityMarch 6, 2013 06:01 CET  BMW and Daimler are shrugging off the European auto-market decline as sales growth in China and the United States pushes their luxury-car production to maximum rates.... Read More »
Zetsche defends his strategy, job with CLA unveilingMarch 4, 2013 12:29 CET  Embattled Daimler boss Dieter Zetsche will this week defend his strategy -- and his job -- by unveiling a new Mercedes model which is part of a compact vehicle lineup, seen as key to the premium carmaker's turnaround.... Read More »
GM denies reports of proposed hike in CEO Akerson's 2013 payFeb. 26, 2013 02:11 CET  GM today strongly denied several media reports that it has requested an increase in CEO Dan Akerson's 2013 compensation. Akerson's pay last year of $11.1 million ended up being higher than the $9 million originally requested primarily because he received restricted stock units that were earned in 2011, a GM official who requested anonymity said. General Motors is proposing to pay CEO Dan Akerson $11.1 million this year, according to a document obtained by Bloomberg News.... Read More »
Daimler cuts Zetsche's pay as management bonuses are reduced 6:49 am U.S. ET | Feb. 25, 2013  Daimler has cut CEO Dieter Zetsche's total pay by 5.8 percent to 8.15 million euros for 2012 as managers' bonuses were reduced following the scrapping of profit targets.... Read More »
China's wealth fund is unlikely to become key Daimler shareholder, Uebber saysFeb. 25, 2013 12:59 CET  Daimler does not expect China's sovereign wealth fund to take a 10 percent stake in the automaker, thereby giving the automaker another anchor shareholder besides Kuwait. Chief Financial Officer Bodo Uebber told a German newspaper today that Chinese investment in the company is unlikely.... Read More »
Daimler cuts Zetsche's pay as management bonuses are reducedFeb. 25, 2013 12:49 CET  Daimler has cut CEO Dieter Zetsche's total pay by 5.8 percent to 8.15 million euros for 2012 as managers' bonuses were reduced following the scrapping of profit targets.... Read More »
Zetsche aims to lift Mercedes' China sales 50% by 2015Feb. 22, 2013 06:01 CET  Daimler CEO Dieter Zetsche has vowed to raise the Mercedes brand's China sales 50 percent by 2015 after the automaker's deliveries last year rose only 2 percent to 196,211 units.... Read More »
Bernhard moved from Mercedes cars to Daimler TrucksFeb. 21, 2013 16:21 CET  Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting on Thursday. The board also extended CEO Dieter Zetsche's contract until the end of 2016.... Read More »
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