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>> DAIMLER AG Latest News

AUG 28, 2015 - Business Insider

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Carmakers scramble to adapt to slowing Chinese demand

By Joseph White and Nick CareyNEW YORK (Reuters) - China's demand for luxury cars used to move in one direction - up. Now, the prospect of a sustained slump in Chinese demand, prompted by sharp declines in Chinese equity markets and a devaluation of the yuan, has global auto manufacturers scrambling to find new markets to sell goods.German car makers ...

Tags: Carmakers scramble to adapt to slowing Chinese demand,  Daimler Ag Latest News

AUG 28, 2015 - Business Insider

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VW Finance sees boost from China reserves policy move

By Jake SpringBEIJING (Reuters) - When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan ($30 million) for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday.Along with a cut in benchmark lending rates, the People's ...

Tags: VW Finance sees boost from China reserves policy move,  Daimler Ag Latest News

AUG 27, 2015 - TheStreet

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BMW 7 Series Aims to Out-Tech Mercedes, Audi Luxury Sedans

NEW YORK (TheStreet) -- You'll have to look very closely to notice the changes in exterior design of the sixth-generation 7 Series sedan from BMW that will arrive in October to U.S. dealers. That's the point: BMW's looks and design cues have reinforced a prestige image gained through engineering excellence. Eschewing a radical facelift for the new model, the German ...

Tags: BMW 7 Series Aims to Out-Tech Mercedes, Audi Luxury Sedans,  Daimler Ag Latest News

AUG 24, 2015 - Business Insider

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GM suspends 800 job cuts at Brazil plant, ending strike

SAO PAULO (Reuters) - Workers at a General Motors Co plant in Brazil ended a two-week strike on Monday after the company agreed to suspend nearly 800 job cuts, buying time in an industry where idle assembly lines have roiled labor tensions.GM and the local metalworkers' union said they agreed that the workers facing termination would spend the next five ...

Tags: GM suspends 800 job cuts at Brazil plant, ending strike,  Daimler Ag Latest News

AUG 11, 2015 - Business Insider

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GM's Cadillac targets 500,000 annual global vehicle sales by 2020

(Reuters) - General Motors Co luxury brand Cadillac aims to increase its annual sales to half a million vehicles worldwide by 2020 from an expected 275,000 this year, Cadillac's top executive said on Tuesday.That would boost Cadillac's share of the global luxury vehicle market to 5 percent from 3.4 percent in 2015, said Johan de Nysschen, head of the Cadillac ...

Tags: GM's Cadillac targets 500,000 annual global vehicle sales by 2020,  Daimler Ag Latest News