Seeking Alpha
 

Daimler AG (DDAIF)

- OTCPK - Current
  • Thu, May 21, 1:38 PM
    • Reuters reports Mercedes (OTCPK:DDAIF), BMW (OTCPK:BAMXY), and Audi (OTCPK:AUDVF) are partnering with P-E firm General Atlantic to bid for Nokia's (NOK +3.2%) HERE mapping/navigation software unit. Like Bloomberg on Monday, Reuters states HERE could fetch up to $4B.
    • One source states General Atlantic would likely take a 30% stake; another states the automakers are each willing to contribute up to $780M towards a bid.
    • The automakers, also mentioned in past M&A reports about HERE, have reportedly "made an indicative offer for an undisclosed amount." However, they're waiting for Nokia to respond before deciding whether to up their bid.
    • Both Reuters and Bloomberg have reported Baidu, Uber, and P-E firm Apax Partners have launched a separate bid, and that a consortium consisting of Tencent, NavInfo, and Swedish P-E firm EQT Partners has also shown interest.
    • Nokia has rallied to its highest levels since late April, when shares plunged in response to the company's Q1 results. All-stock merger partner Alcatel-Lucent (ALU +2.8%) is also higher.
    | 29 Comments
  • 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.
    | 117 Comments
  • 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.
    | 56 Comments
  • 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)
    | 11 Comments
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.