daimler ag-registered shares (DDAIF) Key Developments
Daimler AG (XTRA:DAI) Reportedly Reduces Stake In Euro Advanced
Mar 11 14
Daimler AG (XTRA:DAI) has reportedly reduced its stake in Euro Advanced Carbon Fiber Composites GmbH with Toray Industries, Inc. (TSE:3402) to 5% from 49.9%. However, the spokeswoman did not confirm the figures.
Daimler Reports Sales Results for the Month of February 2014 and China Sales Results for the Month and Year to Date Ended February 2014
Mar 10 14
Daimler reported sales results for the month of February 2014 and china sales results for the month and year to date ended February 2014. For the month, the company sales of the Mercedes-Benz reached 105,000 worldwide in February, up 16.5% year on year.
For the month, the company's Mercedes-Benz sales were up 73.6% year on year to 17,596 in China in February 2014, compared with 10,134 units in the month last year. The Mercedes-Benz sales were 18,909 units in China in February with sales of the Smart included, up 68.4% from 11,231 units in the month a year earlier.
For the year to date, the company's sales were 42,128 units in the first two months, 57% lower than 26,829 units in the period last year. The sales were 44,845 units in the first two months, up 52.3% from 29,452 units in the period last year.
Daimler AG Launches Series Production of New V-Class in Vitoria, Spain
Mar 7 14
Daimler AG has launched series production of the new V-Class at the Mercedes-Benz plant in Vitoria, Spain. The first new V-Class rolled off the production line at the Mercedes-Benz plant in Vitoria, Spain. (V-Class: Fuel Consumption combined: 6,1 - 5,7l /100 km, CO2-Emissions combined: 159 - 149 g/km, efficiency class A.) The production start of the Mercedes among MPVs is another milestone in Mercedes-Benz Vans' growth strategy and strengthens the second-largest van plant in the division's global production network. This vehicle is primarily targeted at three groups of customers: families with two or more children, people who are very active in their leisure time and have large amounts of sports and outdoor equipment, and operators of luxury VIP or hotel shuttlebuses. Daimler AG invested extensively in the Mercedes-Benz plant in Vitoria, Spain, to prepare the facility for the production of the new V-Class. The investment of around 190 million primarily covered the modernization and reorganization of the plant's body shop, paint shop, and assembly units. The site's logistics were also optimized.
Daimler AG to Invest EURR 50 Million in Bus Plant in India
Mar 6 14
Daimler AG will invest about EUR 50 million in a new bus factory in Oragadam, India. The plant, to be opened by the second quarter of 2015, will manufacture and assemble buses under the Mercedes-Benz and BharatBenz brands. Daimler hopes to be able to produce 4,000 buses of over eight tonnes in India in the near future, which corresponds to a market share of 10% in the country.
Daimler AG to Open Another Mercedes-Benz Production Facility in US
Mar 5 14
Daimler AG reportedly opening another Mercedes-Benz production facility in the United States. Presently, the automaker is considering ways to accommodate an increase in demand by adding extra shifts at current plants. The automaker has not announced additional details regarding potential sites for a new production facility in North America.