Daimler AG extended Chief Executive Officer Dieter Zetsche’s term and named manufacturing manager Wolfgang Bernhard to run the truck unit in a possible step to the top job at the world’s third-biggest luxury-car maker.
Daimler AG, the third-biggest maker of luxury vehicles, and Ford Motor Co. added Nissan Motor Co. as a partner in developing fuel cells for electric cars, which the manufacturers plan to start selling in 2017.
The public pension for employees of the Hertfordshire County Council, in the commuter belt north of London, is making its first hedge-fund investments to reduce its weighting in equities and boost returns.
Bayerische Motoren Werke AG raised a sales forecast for China and Daimler AG’s Mercedes-Benz said it’s targeting 43 percent growth, as the world’s two biggest luxury carmakers roll out sedans developed exclusively for Chinese buyers.
Daimler AG, the world’s third- largest maker of luxury vehicles, is in advanced talks about expanding its fuel cell partners beyond Ford Motor Co. as it targets widescale production of the technology, development chief Thomas Weber said today in an interview at the Internationa Motor Show in Frankfurt.
Daimler AG is considering a partnership with Robert Bosch GmbH in batteries for electric and hybrid vehicles, in addition to an existing joint venture with Evonik Industries AG, Handelsblatt said, citing an interview with board member Thomas Weber .
Audi’s new A3 hatchback can be equipped with safety features such as video cameras that help nudge the car back into a lane if a driver drifts off track. The Volkswagen AG unit will be relying on the redesigned model to provide similar stability for sales growth as it fends off a challenge in upscale small cars from Mercedes-Benz.