But the German carmakers' mobility venture is unlikely to challenge the global might of American and Chinese competitors, experts say.
Prosecutors have launched penalty proceedings against Daimler in the diesel scandal. VW had to pay a €1 billion fine in a similar case.
While sales at Mercedes-Benz' parent company edged up last year, the bottom line is dreadful, reinforcing investors’ calls for the vehicle maker to slash costs.
Software giants like Google want to break Germany’s dominance in automaking. Daimler, BMW and Audi are showing they’re determined to fight back.
Unit sales are sliding and Dieselgate costs are squeezing margins at Daimler, disrupting cash flow and making the transition to a new era even tougher.
The maker of Mercedes cars will launch the joint venture with its biggest shareholder in China next year.
After two profit warnings in four months’ time, investors are questioning whether Dieter Zetsche, the boss of the Mercedes-Benz maker, should still become chairman in 2021.
Prosecutors raided the French-owned carmaker looking for evidence of emissions fraud, threatening massive recalls and thwarting Opel's comeback attempt.
The maker of Mercedes cars is ready to announce the first concrete result of its strategic planning with its new Chinese shareholder.
Bodo Uebber, for 14 years the finance chief at the maker of Mercedes-Benz cars, will resign at the end of 2019. That leaves incoming boss Ola Källenius to shape Daimler’s overhaul and focus on electric cars.