TEHRAN, Feb 07 -Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers.
TEHRAN, March 15 -Germany’s Sixt (SIXG.DE) said on Thursday it would launch a new mobility platform this year that bundles its traditional car rental and transfer services with a car-sharing offering, challenging carmakers BMW (BMWG.DE) and Daimler (DAIGn.DE).
TEHRAN, November 29 - Daimler AG (DAIGn.DE) has rebuffed an offer from China’s Geely to take a stake of up to 5 percent via a discounted share placement due to long-held reluctance to see existing shareholdings diluted, people with knowledge of the discussions said.
TEHRAN, November 17 -Germany’s Daimler AG (DAIGn.DE) plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country’s green car production and sales quotas.