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Classics Daimler - car market is recovering towards normality

17:46  02 september  2020
17:46  02 september  2020 Source:   de.reuters.com

First diesel lawsuit against Daimler at the BGH at the end of October

 First diesel lawsuit against Daimler at the BGH at the end of October The Federal Court of Justice (BGH) is hearing for the first time in autumn about a diesel buyer 's lawsuit against Daimler. The date was set on October 27, as the court in Karlsruhe announced on Friday. It is not clear whether the verdict will be announced on that day. (Az.VI ZR 162/20) © Photo: Marijan Murat / dpa Daimler AG logo at corporate headquarters, in the foreground a Mercedes star on a damp flag. The plaintiff had used his Mercedes in early 2017.

The markets relevant for Daimler Trucks generally developed very disparately. In the second half of the year, demand in North America weakened The slight increase was due in particular to the noticeable recovery of the market in Brazil, ongoing strong demand in our important EU30 market

04 Key Figures. 05 Daimler and the Capital Market . Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services. The Indonesian truck market seems to be recovering gradually after a long period of weak demand; compared with the weak

FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference © Reuters / Andreas Gebert FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference

Sindelfingen (Reuters) - After the loss-making first half of the year According to CEO Ola Källenius, the car business at Daimler is recovering from the Corona crisis.

"The market has clearly stabilized", he said on Wednesday in Sindelfingen with a view to the sales of Mercedes-Benz. In China, demand has improved rapidly. Europe and North America are not that far yet. "We have recovered from the free fall in the second quarter. Now we are moving back to normal."

The Daimler boss confirmed that he would push ahead with the austerity measures announced in 2019. In the coming years, the car manufacturer will continue to pursue the path to break even earlier. Daimler is planning staff cuts and wants to reduce capacities due to the slump in the car market due to the corona pandemic and the switch to electric cars. The Smart factory in Hambach, France, is sold. The sales negotiations with the prospective buyer Ineos are well advanced.

Daimler and Geely develop new petrol engine .
The car company Daimler is expanding its cooperation with its major Chinese shareholder Geely. © Tom Weller / dpa Daimler headquarters in Untertürkheim: It is the first collaboration between Daimler and Geely on engines. According to Daimler, both companies are planning to develop a new gasoline engine that will be manufactured in Europe and China and then also be used in vehicles with hybrid drives. It is the first collaboration between Daimler and Geely on engines.

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