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Daimler surprisingly offloads Tesla stake


The German automaker, the parent company of the world’s third-largest premium carmaker – Mercedes-Benz – has surprised analysts and investors by selling its 4% stake in California-based electric maker Tesla. Daimler AG announced it would get $780 million (483.89 million pounds) from the move, a cash flow that would buoy earnings before interest and taxes. According to the carmaker, the proceeds ...
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More daimler articles

Daimler sees profit rise on Mercedes earnings
Germany’s car and truck producer Daimler, the parent company of premium automaker Mercedes-Benz, announced the latter’s third-quarter profit jumped 29% - a surprise to analysts and investors. Daimler also announced that ...
Germany: Daimler and Linde ready to develop fuel-cell station network
German automaker Daimler, the parent of luxury brand Mercedes-Benz has partnered with industrial gases maker Linde to jointly build 20 new hydrogen-fuelling stations in Germany in the near future to ...
Daimler ready to extend cooperation with Aston Martin
Daimler is “fundamentally open” to discussions on a more profound cooperation with Aston Martin’s new CEO, according to Daimler’s chairman, Dieter Zetsche. A week after the British sportscar maker named Nissan ...
Daimler buys Uber-rival, mytaxi app
Daimler AG has decided to acquire the mytaxi and RideScout apps as a part of its expansion plan into transport services. The world’s third-largest maker of luxury cars bought 100% of ...
Daimler employees can have a true holiday
In a very interesting approach towards allowing its workers have a stress free vacation, Daimler has announced it’s implementing a new practice – on holiday, the employees get their work ...
Daimler to reduce Mercedes-Benz spare-part prices in China
Daimler AG is planning to cut Mercedes-Benz parts prices in China by around 15% starting next month as a government investigation into whether automakers are manipulating prices is taking place. The ...
Daimler to invest €1.5 billion in Mercedes-Benz Sindelfingen Plant
The Mercedes-Benz company and its Works Council have agreed to modernize the Mercedes-Benz Sindelfingen Plant and to protect jobs in the long term. By 2012, Daimler will have invested €1.5 ...
Daimler’s second quarter profit surges
The parent company of Mercedes-Benz, the third biggest premium automaker in the world, announced its second-quarter profit climbed 12%, buoyed by cost cutting efficiency and increased sales for the top ...
[VIDEO] Daimler crashes the new Smart ForTwo into the S-Class
The new generation of the Smart ForTwo has recently had its first ever crash test, just a couple of days after it has been officially unveiled. If you are wondering just ...

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