Daimler

US tax reform promises big income

Berlin - Muslimchronicle

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings. The controversial tax overhaul signed into law Friday by billionaire President Donald Trump will slash the US corporate tax rate from 35 percent to 21 percent. As a result, Daimler projected its net income toRead more

Chinese auto giant to end petrol vehicle

Beijing - Muslimchronicle

One of China's largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country's roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by 2020 and nationwide by 2025, according to theRead more

Volkswagen, Daimler say targeted by EU antitrust probe

Berlin - Muslimchronicle

German car giants Volkswagen and Daimler said Monday they are under investigation by EU antitrust regulators, in a new blow to the country's beleaguered auto industry. Mercedes-Benz maker Daimler said the officers were carrying out an "inspection" at its offices and that it has "filed a leniency application". Separately, Volkswagen said it was also a target of "ongoing antitrust investigationsRead more

Volkswagen, Daimler say targeted by EU antitrust probe

Berlin - Muslimchronicle

Mercedes says recalls 400,000 UK cars

London - Muslimchronicle

Mercedes-Benz is recalling 400,000 UK cars owing to a fault that may deploy an airbag by error, the company said on Monday. A statement issued by the carmaker owned by German giant Daimler said the situation was not related to the airbags crisis at Japanese group Takata. Mercedes said it was recalling models -- the A, B, C, andRead more

Daimler recalls million-plus vehicles over airbag problems: report

Berlin - Muslimchronicle

German carmaker Daimler is recalling more than a million vehicles, including Mercedes, due to a problem with the airbags, a company spokesman was quoted as saying Monday. Among the vehicles being recalled are some 400,000 Mercedes cars in Britain and many hundreds more in Germany, the spokesman told the DPA news agency. A Mercedes spokesman in the United States saidRead more

EU hits truckmaker Scania

Brussels - Muslimchronicle

The EU slapped a huge fine of 880 million euros ($1.0 billion) on European truckmaker Scania on Wednesday, accusing the firm of colluding to fix prices and dodge the costs of stricter pollution rules. Scania, owned by German auto giant Volkswagen, was the only holdout in the European Union's massive cartel case in which five other truck builders admitted toRead more

German financial watchdog probing carmakers' 'cartel'

Berlin - AFP

Germany's financial regulator confirmed Monday it is investigating whether Volkswagen and Daimler failed to notify investors properly following reports that they informed cartel authorities of secret talks with other carmakers that could amount to collusion. Regulators "are examining whether VW and Daimler respected their duty to inform markets following their allegedly reporting themselves to the authorities," a spokesman for theRead more

Daimler announces emissions recall of 3 mln diesel cars in Europe

Berlin - Muslimchronicle

German luxury car maker Daimler, which is being investigated for alleged emissions cheating, announced Tuesday a voluntary recall of over three million Mercedes-Benz diesel vehicles in Europe. It said it had already launched a voluntary service action for some models and that "in order to effectively improve the emissions of additional model series, Daimler has now decided to extend theRead more

Daimler manipulated emissions

Frankfurt am Main - Muslimchronicle

German luxury automaker Daimler manipulated the engines of around one million diesel vehicles to make them appear less polluting, local media reported Thursday, raising echoes of competitor Volkswagen's 'dieselgate' scandal. "The Stuttgart-based firm sold vehicles with higher levels of damaging emissions than allowed for almost a whole decade between 2008 and 2016, in Europe and the United States," daily SueddeutscheRead more