Latest Daimler AG News

Employees of the Hungarian bus maker ITK Holding work at the plant in Debrecen, Hungary, Thursday, April 09, 2020. The company that makes Mercedes-Benz Reform 500 LE buses has restarted production following a two-week shutdown because of the coronavirus outbreak. The premises have been sanitized and the materials coming in from their suppliers are also disinfected. During the shutdown workers were put on paid leave. (Zsolt Czegledi/MTI via AP)

Daimler: Shift to electric cars non-negotiable despite virus

Apr. 29, 2020 4:00 AM EDT

FRANKFURT, Germany (AP) — Germany's Daimler AG, maker of Mercedes-Benz luxury cars, made only a small profit in the first quarter of 2020 as the company shut down factories and shifted into cash preservation and cost management mode during the coronavirus crisis. The company's CEO said Wednesday the...

Toyota, China's BYD announced electric car venture

Apr. 2, 2020 8:39 AM EDT

BEIJING (AP) — Toyota Motor Co. and Chinese electric automaker BYD Co. announced a partnership Thursday to develop battery-powered vehicles, adding to a flurry of industry tie-ups to share soaring development costs. Automakers are spending billions of dollars to create low-cost models that appeal to...