dieter zetsche


Daimler CEO says Li Shufu partnership requires consensus from BAIC

Mar 06 2018

Daimler Chief welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC agrees.

SAP CEO likely top earner among German blue-chip executives

Feb 28 2018

SAP Chief Executive Bill McDermott was awarded total 2017 benefits of 21.8 million euros ($26.7 million), according to the software maker’s compensation report.

Daimler warns of supply chain risk from switch to electric cars

Feb 13 2018

Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its supplier base.

Mercedes 'can't guarantee' meeting EU carbon goals: CEO

Jan 15 2018

Daimler AG’s Mercedes-Benz faces a tough challenge to meet the next round of European CO2 goals and may fall short, Chief Executive Dieter Zetsche said.

Daimler CEO says migration to e-cars should be left up to market

Sep 12 2017

Daimler Chief Executive Dieter Zetsche said the migration from combustion-engined cars to electric vehicles should be left up to the market rather than forced by quotas.

Daimler second-quarter earnings lag as cartel allegations loom

Jul 26 2017

Daimler's co-operation projects with carmakers will not be curbed by a European Commission investigation into alleged anti-competitive behaviour among German carmakers.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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