April 24, 2017 3:04 AM ET

Automobiles

Company Overview of Daimler AG

Company Overview

Daimler AG, through its subsidiaries, engages in the development, production, and distribution of passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart brand, as well as the Mercedes me brand. The Daimler Trucks segment distributes its trucks under the Mercedes-Benz, Freightliner, Western Star, FUSO, BharatBenz, and Thomas Built Buses brands. The Mercedes-Benz Vans segment prim...

Mercedesstrasse 137

Stuttgart,  70327

Germany

Founded in 1886

282,488 Employees

Phone:

49 711 17 0

Fax:

49 711 17 22244

Key Executives for Daimler AG

Chairman of Management Board, Chief Executive Officer and Head of Mercedes-Benz Cars
Age: 63
Total Annual Compensation: €3.0M
Head of Finance & Controlling - Daimler Financial Services and Member of Management Board
Age: 55
Total Annual Compensation: €1.4M
Member of Management Board, Chairman of Daimler Northeast Asia and Chief Executive Officer of Daimler Northeast Asia
Age: 56
Total Annual Compensation: €1.2M
Director of Labor Relations and Member of Management Board
Age: 57
Total Annual Compensation: €1.2M
Advisor
Age: 61
Total Annual Compensation: €1.2M
Compensation as of Fiscal Year 2016.

Daimler AG Key Developments

Daimler AG Reports Preliminary and Unaudited Earnings Results for the First Quarter of 2017

Daimler AG reported preliminary unaudited earnings results for the first quarter of 2017. For the quarter, Group EBIT sums up to €4,008 million compared to €2,148 million for the same period a year ago. The company has achieved group earnings before interest and tax for the first quarter 2017 that are significantly above market expectations.

Bosch and Daimler Join Forces to Advance the Development of Fully Automated and Driverless Driving

Bosch and Daimler are joining forces to advance the development of fully automated and driverless driving. The two companies have entered into a development agreement to bring fully automated (SAE Level 4) and driverless driving to urban roads by the beginning of the next decade. The objective is to develop software and algorithms for an autonomous driving system. The project combines the total vehicle expertise of the world's leading premium manufacturer with the system and hardware expertise of the world's biggest supplier. The ensuing synergies should ensure the earliest possible series introduction of the secure technology. By introducing fully automated and driverless driving to the urban environment, Bosch and Daimler aim to improve the flow of traffic in cities, enhance safety on the road and provide an important building block for the way traffic will work in the future. The technology will, among other things, boost the attraction of car sharing. It will allow people to make the best possible use of their time in the vehicle and open up new mobility opportunities for people without a driver's licence, for example. The prime objective of the project is to achieve the production-ready development of a driving system which will allow cars to drive fully autonomously in the city. The idea behind it is that the vehicle should come to the driver rather than the other way round. Within a specified area of town, customers will be able to order an automated shared car via their smartphone. The vehicle will then make its way autonomously to the user and the onward journey can commence.

Daimler AG Reports Mercedes-Benz Brand Sales Results for the Month of March 2017

Daimler AG reported Mercedes-Benz brand sales results for the month of March 2017. For the month, the company sold 228,296 vehicles globally, an increase of 15%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 20, 2017
ATB - Institut fur angewandte Systemtechnik Bremen GmbH
Merger/Acquisition
March 7, 2017
Daimler AG, Big Data Analysis
Private Placement
March 6, 2017
tiramizoo GmbH
 

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