daimler ag- spn adr (DDAIY) Key Developments
Mercedes Benz Reports India Sales Results for the Month and Second Quarter Ended June 2015
Jul 2 15
Mercedes Benz reported India sales results for the month and second quarter ended June 2015. For the month, the company sold 3,093 units, up 43% compared to the same period in 2014.
For the quarter, the company's sales increased by 41% to 6,659 units, compared with 4,717 units in the year-ago period.
Daimler to Invest EUR 1 Billion in Rastatt for Next-Generation Compact Cars
Jul 1 15
Daimler announced that the company has said it will invest EUR 1 billion (USD 1.12 billion) in upgrading its Rastatt plant to maintain its position as the company's main centre of its compact car ranges. The plant will be upgraded in order to prepare it for the next generation of A-Class and B-Class models. At the same time as the planned investment, a new agreement has been reached with the works council at the plant that will lead to significant improvements in the location's competitive position and ensure stable employment for the next years. This includes more flexible working time arrangements and overall cost savings in the triple-digit million euro range. Daimler has also pledged to create 250 extra permanent new jobs at the plant as part of this package, with the agreement running though until 2024.
Daimler Invests EUR 150 Million in Smart Production at Ludwigsfelde LCV Plant
Jun 25 15
Daimler is investing EUR 150 million (USD 167.8million) in 'smart production' techniques at its Ludwigsfelde plant light commercial vehicle (LCV) in Germany. The money is being invested in order to prepare the plant for the next-generation Sprinter. The main change that has already been implemented at the plant is the move from manual parts selection from production line employees to 'driverless transport trucks'.
Daimler Opens New Bus Chassis Factory in Colombia
Jun 19 15
Daimler opened a new bus chassis factory in Colombia, which will be operated by its subsidiary Daimler Colombia SA, according to a company press release. The new facility is located in Funza, which is on the outskirts of the capital, Bogota, and has an installed production capacity of 4,000 units per annum. Daimler has invested USD 2 million in the 11,000-square-metre facility.
Dubai's Department of Economic Development Signs Agreement with Daimler AG, to Tackle Counterfeits
Jun 18 15
Dubai's Department of Economic Development (DED) announced that on June 17, 2015 it has signed an agreement with Daimler AG, to tackle counterfeiting. Under a Memorandum of Understanding (MoU), the "DED and Daimler will work together to eliminate use and trade of counterfeit auto parts and to educate consumers on intellectual property rights (IPR). The DED will provide Daimler AG with receipts of counterfeit Mercedes-Benz auto parts confiscated in the emirate so that their origins can be traced.