daimler ag

Tesla CEO Elon Musk credited German carmaker Daimler AG with saving the EV giant in the aftermath of the 2008 financial crisis when it was on the brink of bankruptcy. What Happened: Musk revealed on X, formerly Twitter, that Mercedes-Benz parent Daimler invested $...

A leading artificial intelligence company announced a SPAC merger to go public. The SPAC Deal: SoundHound announced a SPAC merger with Archimedes Tech SPAC Partners Co (NASDAQ: ATSPT) valuing the company at a pro-forma enterprise value of $2.1 billion. A PIPE of $111 million includes investments by...

The iconic Mercedes-Benz, subsidiary of Daimler AG (OTC: DDAIF) can brag that it gave the world the first production automobile. It has a history as an innovator and a relentless pursuer of quality and engineering excellence. It has a status as many consumers find owning a Mercedes-Benz is a sign...

Contemporary Amperex Technology Ltd. (CATL), a Chinese battery maker, says it wants to raise 20 billion yuan or $2.85 billion to fund battery projects and increase working capital. What Happened CATL plans to raise funds to expand its battery manufacturing infrastructure in Jiangsu, Sichuan, and...

Mitsubishi Motors (OTC: MMTOF) shares fell sharply after authorities raided facilities associated with the company’s German subsidiary on Tuesday over suspected diesel emissions fraud, according to Nikkei Asian Review. What Happened German prosecutors raided ten business premises...

Daimler AG (OTC: DDAIF) reported lower truck sales but record car sales in the third quarter to post a 3% year-over-year profit improvement  Total sales rose by 6% to 839,300 passenger cars and commercial vehicles compared with 794,700 in the July to September period of 2018. Revenue rose 8% to $...

In busy German cities, the need to own a car is steadily decreasing. Residents, who say the expenses associated with owning their own vehicle and the hassle of finding a parking space are not worth it, have turned to car-sharing services, which have caught on in a big way. While the idea of...

“They're kind of the economic locomotive over in Europe,” said Kevin Kelly, CIO of Recon Capital Partners. Kelly was talking about Germany’s top blue chip equities when he spoke with Benzinga on a subject he knows very well. Recon Capital, it turns out, offers the only US-...

Data from the eurozone this week suggests that the region's political problems haven't slowed the pace of economic recovery spurred on by ECB bond buying. With the European Central Bank promising to continue with its large-scale bond buying program until inflation stabilizes, U.S....

Despite a simmering dispute between EU officials and Greek policymakers, European businesses could be turning a corner as the European Central Bank's massive bond buying plan begins on Monday. The bank is expected to pour €60 billion into the region's financial system each month in...

Although data from Europe has produced increasingly worrying reports that suggest the region’s economy is falling off track, European businesses are taking advantage of improving customer demand and using this time as an opportunity to invest in future growth. Online Shopping Scales Up...

The recent default by Shanghai Chaori Solar Energy & Science Technology was an important event for China and the global economy for three bullish long-term reasons, no matter what the short-term reaction. It demonstrates the maturation of the market system in China. There is little long-...

In light of Consumer Reports’ recent determination that turbocharged vehicles, like those made by Ford (NYSE: F) and General Motors (NYSE: GM), “have slower acceleration and no better fuel economy than the models with bigger, conventional engines,” investors are left to wonder what, if any,...