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August 27, 2015 6:21 PM ET

Automobiles

Company Overview of Daimler AG

Company Overview

Daimler AG, through its subsidiaries, develops, produces, distributes, and sells passenger cars and off-road vehicles, trucks, vans, and buses worldwide. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand name, as well as small cars under the smart brand name. The Daimler Trucks segment distributes trucks under the Mercedes-Benz, Freightliner, FUSO, Western Star, Thomas Built Buses, and BharatBenz brand names. The Mercedes-Benz Vans segment primarily sells vans under the Mercedes-Benz and Freightliner brand na...

Mercedesstrasse 137

Stuttgart,  70327

Germany

Founded in 1886

284,441 Employees

Phone:

49 711 17 0

Fax:

49 711 17 22244

Key Executives for Daimler AG

Chairman of the Board of Management, Chief Executive Officer and Head of Mercedes-Benz Cars
Age: 62
Total Annual Compensation: $3.7M
Head of Finance & Controlling - Daimler Financial Services and Member of the Management Board
Age: 56
Total Annual Compensation: $1.7M
Member of Management Board, Chairman of Daimler Northeast Asia and Chief Executive Officer of Daimler Northeast Asia
Age: 55
Total Annual Compensation: $1.4M
Head of Daimler Trucks & Buses Division and Member of Management Board
Age: 55
Total Annual Compensation: $1.4M
Head of Group Research & Mercedes-Benz Cars Development and Member of the Management Board
Age: 60
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

Daimler AG Key Developments

Mercedes-Benz to Launch New S-Class Cabriolet at Frankfurt Motor Show

Mercedes-Benz announced it is launching its new S-Class Cabriolet at the 2015 Frankfurt Motor Show. The vehicle will be virtually identical to the S-Class Coupe up to the belt line and will have a cloth soft top that will open or close in seconds at the push of a button. The model is to be equipped with a twin-turbocharged 4.7-litre V8 engine modified to generate 449bhp and 516 lb-ft. of torque.

BAIC Reportedly In Talks To Acquire Stake in Daimler

BAIC chairman says in talks to buy major stake in Daimler AG (XTRA:DAI), Bloomberg says.

Daimler to Let Go 1,500 Employees in Brazil

Daimler is set to lay off 1,500 employees at its truck plant in Brazil, due to a decline in demand in the country. Daimler has cut about 3,000 jobs in Brazil in that time, reducing its workforce in the country to 11,854 by the end of June. It globally has 280,000 employees.

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