Seeking Alpha

Daimler AG (DDAIF)

- OTCPK - Current
  • Nov. 28, 2014, 11:05 AM
    • Automobile stocks are higher as a group after oil prices slide.
    • General Motors (NYSE:GM) is up 2.3% and Toyota is 1.1% higher, while shares of Ford (NYSE:F) are just poking out a modest 0.1% gain.
    • There's some concerns that Ford's big bet on aluminum loses some of its relevance if gas prices shoot lower.
    • Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are both beating broad market averages with +1% gains.
    • EV automaker Tesla Motors (NASDAQ:TSLA) is down 2.1% on the day.
  • Oct. 21, 2014, 4:52 PM
    • Daimler (OTCPK:DDAIF) has sold its 4% stake in Tesla (NASDAQ:TSLA), and terminated the share-price hedge it started in 2013. The sale will "result in a cash inflow of around $780 million" for the Mercedes parent.
    • Daimler affirms it will continue sourcing the powertrain for its Mercedes B-Class Electric Drive from Tesla - development work is now complete - and keep cooperating on "current projects."
    • Tesla's value has risen a bit since Daimler originally acquired a 9.1% stake back in '09.
    • TSLA -1.3% AH.
  • Feb. 21, 2013, 10:50 AM
    Though Tesla Motors (TSLA -9.2%) CEO Elon Musk is taking the hardest loss today on the automaker's tumble in share price, Daimler (DDAIF.PK) is also suffering with its 4.7% stake in TSLA making it number two on the list while Toyota (TM -1.1%) also has a stake. Interestingly, Musk says he won't ask the big boys for more money but will fund Model X SUV production through profits. Look for issues of Tesla cash flow to be a major topic in 2013. (transcript)
Visit Seeking Alpha's
DDAIF vs. ETF Alternatives
Company Description
The Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles.