Daimler Cuts More than 10,000 Jobs Worldwide

Mercedes-Benz parent company Daimler tried to sneak some news past Amerians during the holiday weekend: Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars. Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would […]

Daimler admits Robotaxi failure

Interesting story at Fortune from a few days ago from David Meyer, titled “Why Mercedes’s Self-Driving Trucks Are Set to Overtake Its Robotaxis” (nice spin). Don’t hold your breath for a self-driving Mercedes car anytime soon. Fortune Don’t worry, I wasn’t 😂 But everyone who was can now exhale! Anybody? At Daimler’s capital market day […]

Daimler Profits will be hit by pollution compliance costs

Interesting story over at Automotive News this morning: Mercedes-Benz parent Daimler has discreetly warned financial analysts that CO2 compliance costs and market headwinds for next year would be much larger than previously thought and asked them to reduce their earnings estimates for the automaker by billions of euros Automotive News “Hey guys we saw your […]