Latest Daimler AG News

Electric car makers woo Chinese buyers with range, features

Apr. 16, 2019 6:25 AM EDT

SHANGHAI (AP) — Automakers showcased electric SUVs and sedans with longer range and luxury features Tuesday at the Shanghai auto show, wooing Chinese buyers as Beijing slashes subsidies that helped to launch the industry. Two of China's biggest state-owned automakers unveiled models they said can travel...

German automaker Mercedes opens new Russia factory

Apr. 3, 2019 9:05 AM EDT

BERLIN (AP) — Germany's Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs. CEO Dieter Zetsche said Wednesday the Moscow-area plant will produce Mercedes sedans and SUVs for the local market, and is part of a strategy...

Uber acquires Mideast competitor Careem for $3.1 billion

Mar. 26, 2019 2:17 PM EDT

DUBAI, United Arab Emirates (AP) — Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population. It comes as Uber's losses widened last year ahead of...

BMW, Daimler: You can trust us with car-sharing data

Feb. 22, 2019 10:53 AM EST

FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said Friday they are...