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Miniature Mercedes plans 'are a risk for Daimler'Daimler could follow its high-end German competitors into the market for premium subcompact cars, but it will have to keep its costs down and volumes up to make money off any future miniature Mercedes. The Stuttgart-based maker of More… |
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Volvo to become biggest heavy trucks makerSweden's Volvo said it will surpass Daimler as the world's biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Company. Volvo will pay 5.6 billion yuan ($900 million) f More… |
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Foton unveils full truck range in DubaiChina-based Foton, which manufacturers trucks in partnership with Daimler of Germany, unveiled its full range of light, medium and heavy duty trucks and special-purpose vehicles, at an event in Dubai. James Zhu, vice director for More… |
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Daimler keen to buy Chinese car unit stakeGerman luxury carmaker Daimler is eyeing a stake in the passenger car unit of its Chinese partner BAIC Group, in a bid to overcome its weakness in the world's largest car market, three sources said. "When BAIC Motor is fl More… |
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Chinese wealth fund eyes Daimler stakeChina's sovereign wealth fund is considering buying a four to 10 per cent stake in German carmaker Daimler, the website of the official People's Daily newspaper said. The potential purchase comes as China Investment Corpor More… |
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Aabar stake buy: Daimler in control of F1 teamGerman luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments. In More… |
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Derivatives 'led to Aabar ditching Daimler stake'Aabar's disposal of its stake in Daimler earlier this month was triggered by a failed derivatives deal underpinning the Abu Dhabi investment firm's purchase of the shares, sources familiar with the matter said. More… |
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Abu Dhabi's Aabar sells stake in DaimlerAbu Dhabi's sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about 1.25 billion euros ($1.6 billion) on October 5, the German carmaker said in a regulatory filing. More… |
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Abu Dhabi 'exiting investment in Daimler'Abu Dhabi is exiting its investment in German carmaker Daimler, a German magazine reported, citing unidentified people within Daimler. Abu Dhabi's sovereign wealth fund Aabar is transferring More… |
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IPIC books $3.5bn loss on Daimler, UniCreditAbu Dhabi's state-owned International Petroleum Investment Co posted a $3.42 billion loss on stakes in automaker Daimler and Italian bank UniCredit in 2011, all but wiping out its profit. IPIC, which reported a 97 percent drop in 2011 net More… |
