Daimler AGOTCPK - Current
Yesterday, 2:24 PM
- Mercedes-Benz announces that its X-class pickup truck will start selling in Australia, Brazil, Argentina, South Africa and Europe late in 2017.
- Daimler (OTCPK:DDAIF) says an investment in the high nine figures (euro) in the new model series will have been made by the time of launch.
- No launch date for the U.S. has been set.
- Mercedes on the X: "The powerful drive system and the tough ladder-type frame will make a payload of more than 1.1 ton and a towing capacity of up to 3.5 tons possible."
- Mercedes-Benz press release + pictures and videos
Sat, Oct. 22, 10:42 AM
- While Tesla Motors (NASDAQ:TSLA) may have grabbed some headlines this week for its ambitious goals with autonomous driving (SAE level 5), the technology is being widely discussed across industries as a potential future reality.
- At a real estate conference in New York this week, a panel member called autonomous vehicles the biggest tech news concerning real estate in the last ten years. Some see a future reversal of urbanization trends in a development that could have significant investment implications.
- City planners and architects are already thinking of next-gen design. A paper titled "Beyond Google's Cute Car" (.pdf version) is a good example of how cities are being reimagined.
- Then there's this from the man who designed the 2015 Ford Mustang. "The next 10 years in this business is going to be the biggest change and challenge since the turn of the last century when cars took over for horses," said Ford design chief Moray Callum. Ford (NYSE:F) aims to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021.
- Self-driving car development is a topic of discussion on FedEx (NYSE:FDX), UPS (NYSE:UPS), Lyft (Private:LYFT), Uber (Private:UBER), Hertz Global (NYSE:HTZ), Google (GOOGL, GOOG), Avis Budget (NASDAQ:CAR), Domino's Pizza (NYSE:DPZ) and Nvidia (NASDAQ:NVDA). Earnings season is just heating up, but a host of companies -- including OTCPK:TMOAF, OTCPK:DDAIF, OTCPK:VOLVY, MXIM, CPRT, WBC, GNTX and XLNX -- have already talked up the trend on their conference calls. GM reports earnings this week and will update on any self-driving Chevy Bolt plans.
- Looking ahead, insurance companies, chipmakers, truckers and cybersecurity firms (NYSEARCA:HACK) will be firmly in the self-driving conversation.
- So who has a profitable trade idea off of the evolution of cars?
Fri, Oct. 21, 4:05 AM
- Daimler's (OTCPK:DDAIF) Q3 net profit increased 8.8% to €2.595B, boosted by strong sales of the company's new E-class models and sport-utility vehicles.
- Revenues grew 4% to €38.6, pretty much as expected, and volumes increased 5% to a record 754,100 units.
- Operating profit climbed 10.3% to €4.04B and topped forecasts of €3.77B.
- Revenue at Mercedes-Benz Cars increased 12% to €23.3B, although truck sales slumped 19% to €7.8B as volume dropped to 97,100 from 128,500 a year earlier.
- Shares are -3.15% in Frankfurt.
Wed, Oct. 19, 11:35 AM
- The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
- The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
- While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
- "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
- SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, TTM, MBLY.
- Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
Fri, Oct. 14, 7:53 AM
- Daimler (OTCPK:DDAIF) car registrations +17.9% to 101,252 units in September, according to the European Automobile Manufacturers Association.
- Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
- Daimler market share: 6.8% vs. 6.2% a year ago.
- Daimler YTD registrations +14.2%.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Wed, Oct. 12, 9:52 AM
- Automobile deliveries in China increased 29% Y/Y to 2.27M units in September, according to the China Passenger Car Association. The rate of growth is the highest seen in the region since January of 2013.
- Demand in China has stayed strong in front of the expiration of a tax break at the end of the year. The government hasn't tipped off yet if the tax cut will be extended.
- Automobile sales are up 15% YTD through the end of September to 16.75M vehicles.
- Previously: Ford's sales in China stay on hot pace (Oct. 11)
- Previously: GM knocks out another strong month in China (Oct. 10)
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, OTC:GNZUF, OTC:GNZUY, TSLA, OTCPK:NSANY, TM.
Wed, Oct. 12, 8:04 AM
- The huge electrification push by Daimler (OTCPK:DDAIF) has created an "extreme challenge" in balancing investments, according to CEO Dieter Zetsche.
- The global automaker will pull back on some capital spending on plants and new equipment in order to hit a capex spending target of €12B-€13B from €14B last year,
- At least ten new EV models are planned by the company under the Mercedes and Smart nameplates, while a whole new EV sub-brand is also in the mix.
Mon, Oct. 10, 4:45 PM
- A development to watch in the automobile industry is the reaction to the vote last week in Germany by the Bundesrat to ban vehicles powered by gas and diesel by 2030.
- The non-binding resolution will place more pressure on the European Commission to promote zero-emission mobility, even with the long time frame in place.
- The relative ease with which the 16 German states on the council came to pass the measure could explain the very strong electrification push recently out of Volkswagen (OTCPK:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and BMW (OTCPK:BMWYY).
- Other automakers including Ford (NYSE:F), General Motors (NYSE:GM), Tesla Motors (NASDAQ:TSLA), and Toyota (NYSE:TM) will also keep a watch on the efforts in Europe to cut out ICE models.
Mon, Oct. 3, 1:44 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales +3..1% to 33,075 units.
- Van sales were up 28% to 2,970 units.
- Smart sales fell 19% to 605 units.
- Sales growth by Mercedes class: C-Class -14% to 6,600; E-Class/CLS +8% to 4,824; S-Class -26% to 1,440; GLC/GLK Class +137% to 4,873.
- YTD Mercedes-Benz sales +1% to 278,404 units.
Thu, Sep. 29, 7:28 AM
- Daimler (OTCPK:DDAIF) confirms it will launch ten new Mercedes-Benz electric vehicles by 2025 under the EQ brand name.
- CEO Dieter Zetsche says the company has a goal for new EVs to account for 15% to 25% of global sales by 2025.
- "The emission-free automobile is the future. And our new EQ brand goes far beyond electric vehicles," notes Zetsche.
- Daimler press release
Thu, Sep. 29, 6:16 AM
- The future is electric at the Paris Motor Show, as the world's biggest automakers unveil plans to accelerate development of EVs.
- About two dozen new electric models are set to debut and there will be announcements by VW (OTCPK:VLKAY), Porsche (OTCPK:POAHY) and Daimler (OTCPK:DDAIY) that demonstrate how Tesla's achievements are spurring conventional carmakers to respond.
- Also on the radar: Supercars, SUVs and future tech.
Wed, Sep. 28, 2:05 PM
- A new video posted on the Mercedes-Benz (OTCPK:DDAIF) YouTube channel offers a few sneak peeks at the new electric concept car due out from the company.
- The automaker is expected to give a more detailed look at the upscale EV later this week at the Paris Motor Show.
- Some analysts think the new Mercedes model will be a challenger to Tesla's Model X.
Mon, Sep. 26, 3:18 AM
- Digital map maker HERE will introduce a new set of traffic services this week that allows drivers to see what live road conditions are like miles ahead of them using data from competing automakers, instead of crowd-sourced data.
- BMW (OTCPK:BAMXF), Daimler (OTCPK:DDAIF) and Volkswagen (OTCPK:VLKAF) will all contribute to the service, marking their first big collaboration since they bought HERE from Nokia late last year for €2.8B.
Fri, Sep. 16, 8:02 AM
- A Toyota Mirai covered 1,438 miles over a 24-hour period in a test run of the fuel-cell-electric model in California. The mark is believed to be a record for an electric car.
- The Toyota (NYSE:TM) sportscar was refilled during the adventure in four-minute stops at hydrogen charging points.
- "The point has been made that an electric car can do everything that a gasoline car can do, but with zero emissions," says First Element Fuel CEO Joel Ewanick.
- First Element is the parent company of the True Zero hydrogen station network in California.
- The Toyota Mirai is the highest profile hydrogen car currently on the market (California and Japan), while hydrogen introductions by Hyundai (OTC:HYMLF) and Mercedes-Benz (OTCPK:DDAIF) are expected in 2017.
Thu, Sep. 15, 7:52 AM
- Daimler (OTCPK:DDAIF) car registrations +17.2% to 57,930 units in August, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
- Daimler market share: 6.8% vs. 6.3% a year ago.
- Daimler YTD registrations +13.7%.
- Results include the Mercedes-Benz and Smart brands.
- EAMA release (.pdf)
Fri, Sep. 9, 7:28 AM
- Automobile deliveries in China increased 26% Y/Y to 1.8M units in August, according to the China Passenger Car Association. The rate of sales growth matched the pace from July.
- SUV and crossover sales rose 44% to over 654K during the month. Sales of vehicles with engine sizes below 1.6 liters increased 41%. GM, Ford, and Nissan all reported deliveries growth of over 17% for the period. EV sales in China have doubled this year and are on a pace to top 400K for the year.
- Demand in China remains strong in front of the expiration of a tax break at the end of the year.
- Automobile sales are up 13% YTD through the end of August.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.