Daimler has temporarily halted deliveries of a truck engine after finding that, in certain driving conditions, its emissions of nitrogen oxide (NOx) could exceed legal limits, the company said on Sunday.
Zhejiang Geely Holding Group plans to take a major stake in Daimler, German weekly paper Bild am Sonntag reported, citing sources. Geely could become Daimler’s biggest shareholder, the paper said.
Daimler has struck a deal with workers to make electric car components and batteries at the Mercedes-Benz factory in Untertuerkheim, near Stuttgart, in addition to combustion engines, transmissions and axles.
A German government committee investigating carmakers has summoned Daimler for a meeting Thursday to address allegations it sold cars with excessive emissions, the transport ministry said.
Daimler apologized this week for an incident in China that local media said involved a senior executive of the luxury automaker making disparaging comments to people in a parking dispute.
Daimler will invest 1 billion euros ($1.1 billion) in a second Mercedes-Benz plant in Kecskemet, Hungary, the automaker said today. The plant will build front and rear-wheel drive cars. It will also be capable of producing alternative powertrain models.
Daimler said it plans to invest about 500 million euros ($575 million) in a new engine factory in Poland to broaden its production footprint outside its German home market.
Ulrich Bastert (55), Head of Marketing, Sales and Services Mercedes- Benz Trucks, and Till Oberwörder (44), Head of Marketing, Sales and After Sales Daimler Buses, will swap their positions.
Automakers offers fresh news delivered to your E-mail inbox three times a week, and from January 2006 daily newsletters. All news and Web content is available in both Czech and English languages. The content of the newsletters is details about new products and pricing, info about retail sales tactics and developments and comprehensive coverage from the world of suppliers and manufacturers.More info