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is a great loss for both Chrysler and the supply base in general. He did a masterful job of repairing the relationships between Chrysler and its suppliers after the problems created by the previous adversarial practices of Daimler and Cerberus.
Management remuneration won't be a topic at the Allianz AGM. That's an issue for the Daimler and Volkswagen AGMs, but Allianz management board members earn less than, for instance, Linde management board members.
They are spending massively on R&D and that probably held back profitability in Q1. But the 1.6 billion in free cash flow compared to the 1.0 to 1.1 billion that the Street had in its numbers and a cash outflow at Daimler is a monster beat that really underpins the success story at BMWMore quotes »
Newsday's coverage
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Porsche plans new sedan to rival Mercedes: report
no sources.The new car labeled Pajun will expand Porsche's portfolio to six model lines and compete with the E-Class made by Daimler 's (DAIGn.DE) Mercedes-Benz and its CLS coupe, the magazine said.Costs for the Pajun will range between 65,000 euros ($84,100) Read more »
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Summary Box: Daimler Q1 profit beats forecasts
SALES: Sales of its luxury Mercedes brand and a boost from its financial services arm helped Daimler AG increase earnings by 20 percent in the first quarter. But profitability slipped at Mercedes, where the company spent more on new models and increased production.IT'S Read more »
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Daimler's Mercedes sales up 20 percent in February
-- Daimler AG has reported strong sales in February for its Mercedes-Benz luxury brand, helped by booming business in China.Worldwide sales for Mercedes cars and SUVs jumped 20 percent compared with the same month a year ago, to 95,647 vehicles.In China, unit Read more »
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Country-by-country guide to Europe's auto trade
is a county-by-country guide to how Europe's auto industry is taking shape:____GERMANYGerman carmakers Volkswagen, Daimler , BMW , and Porsche have had a very strong year. This is in a large part due to export earnings from China and other emerging markets Read more »
Around the web
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Lagardère's New Role at EADS Prompts Questions
By Sam Schechner And David Pearson PARIS—The head of a French media empire is about to put on his flight suit for the parent company of Airbus—but questions remain about how he has piloted his own family business.On Thursday, Arnaud Lagardère is set to b 5/30/12 from Wall Street Journal Read more »
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German Union Workers Threaten To Walkout If Demands Aren't Met
Emerging reports from the German automotive industry have confirmed that more Daimler employees based in Germany could be set to walkout. Employees working ThyssenKrupp AG as well as Volkswagen AG are amongst those considering taking the same action. 36, 5/30/12 from Auto Spies Read more »
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Freightliner Trucks Unveils the Cascadia Evolution Powered by Detroit
NATIONAL HARBOR, Md., May 30, 2012 /PRNewswire/ -- Freightliner Trucks today introduced the 2014 Cascadia® Evolution Class 8 truck model. Powered by Detroit⢠and featuring some of the most advanced aerodynamic enhancements in the industry, the Cascadia 5/30/12 from Street Insider Read more »
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Daimler Unveils Big Rig 50 Percent More Efficient Than Average
Daimler AG (DAI)’s Freightliner truck unit unveiled a model that achieved 9.3 miles per gallon, compared with 6 mpg fuel efficiency for a typical U.S. big rig, company executives said today. The 2014 Freightliner Cascadia Evolution improved its fuel econ 5/30/12 from Bloomberg.com Read more »
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McLaren F1 Developer Designs New Auto Driving 100 MPH on 96 MPG
May 30 (Bloomberg) --Gordon Murray’s quest to reinvent automaking started in a traffic jam. Murray, the legendary former designer of Formula One race cars, was driving to work in the London suburbs in 1993 when he hit gridlock. Surrounded by gas-guzzling 5/30/12 from Hacker News Read more »
