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Daimler

Daimler Truck core profit just beats expectations but Europe still weak

Third-quarter core profit at Germany’s Daimler Truck just beat expectations, the firm said on Thursday, driven by a...

Published 07 Nov, 2024 11:13am

Business & Finance

Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network

BERLIN: Daimler Truck, Traton and Volvo have signed off plans announced in July for a joint venture to set up a...

Updated 16 Dec, 2021 01:04pm

Business & Finance

Daimler says BAIC will not further increase its 9.98% stake

BERLIN: Daimler on Monday said its Chinese shareholder Beijing Automotive Group Co Ltd (BAIC) has agreed not to...

Published 13 Dec, 2021 01:45pm

Business & Finance

Chip shortage to cost Daimler Truck billions in revenues

BERLIN: Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros...

Published 29 Nov, 2021 06:03am

Business & Finance

Daimler to produce first in-house electric motor at Berlin plant

BERLIN: Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on...

Published 19 Nov, 2021 04:35am

Markets

Daimler to produce first in-house electric motor at Berlin plant from 2022

BERLIN: Daimler will produce the first in-house electric motor at its oldest plant in Berlin from 2022, the carmaker...

Published 18 Nov, 2021 03:57pm

Business & Finance

Daimler quarterly profits up despite chip crisis

BERLIN: German luxury automaker Daimler on Friday reported a strong profit boost in the third quarter despite a ...

Published 01 Nov, 2021 05:02am

Business & Finance

Daimler quarterly profits up despite chip crisis

BERLIN: German luxury automaker Daimler on Friday reported a strong profit boost in the third quarter despite a ...

Published 29 Oct, 2021 02:05pm

Business & Finance

BMW, Daimler sued for refusing to tighten carbon emissions targets

The NGO, Deutsche Umwelthilfe, confirmed to Reuters that the lawsuits had been filed on Monday evening

Published 21 Sep, 2021 10:41am

Business & Finance

Daimler sees Q3 hit to Mercedes sales from chip shortage

"With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, so that our sales in the third quarter will probably be noticeably below the second quarter," Ola Kaellenius says

Published 02 Sep, 2021 06:17pm

Business & Finance

Daimler to keep 35% stake in trucks spin-off as separation nears

Daimler, in turn, will be renamed Mercedes-Benz Group AG to reflect its focus on the car and van business including the Mercedes-Benz brand

Published 30 Jul, 2021 07:36pm

Business & Finance

Going electric: Carmakers make the switch

VW's high-end Audi brand expects to be 100-percent electric in 2033

Published 25 Jul, 2021 11:37am

Business & Finance

Daimler aims to be ready for an all-electric car market by 2030

To invest more than 40 bln euros in EVs by 2030
From 2025 new vehicle platforms will only make EVs
To build eight battery plants

Published 22 Jul, 2021 05:17pm

Business & Finance

Truckmaker Volvo profit just misses view as chip shortage weighs

Volvo, a rival of Germany's Daimler and Traton , said it struggled with substantial production stoppages as a result in the second quarter

Published 20 Jul, 2021 11:11am

Business & Finance

VW, Daimler, Volvo team up to build truck chargers

The project will be managed by a joint venture that is planned to begin operations next year.

Published 05 Jul, 2021 04:05pm

Business & Finance

Renault-Nissan rejig how they manage Daimler partnership

Alliance-level job in charge of Daimler ties to be scrapped.
Firms to manage relations with Daimler bilaterally.
Partnership has not met initial hopes, but still has projects.

Published 24 Jun, 2021 07:37pm

Business & Finance

Daimler to pay Nokia patent fees, ending legal fight

BRUSSELS: Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech...

Published 02 Jun, 2021 04:29am

Business & Finance

Volkswagen lifts margin target on demand for premium cars

Volkswagen's operating profit came in at 4.8 billion euros ($5.8 billion) in the first quarter to March, helped by cost cuts and higher sales, versus 0.9 billion in the same period last year that was impacted by the COVID-19 pandemic.

Published 06 May, 2021 11:49am

Business & Finance

Nissan to sell entire Daimler stake for $1.4 billion

Its industrial cooperation with Daimler remained unchanged, the company said, adding: "The two groups continue to collaborate in several areas."

Published 05 May, 2021 11:14am

Business & Finance

European new car sales jump 87% y/y in March

Sales at Volkswagen and Stellantis to the EU, Britain and the countries of the European Free Trade Association (EFTA), rose by 46% and 140% respectively, while Renault reported a rise of 70%.

Published 16 Apr, 2021 11:01am

Business & Finance

Daimler says despite chip shortage, 2021 off to good start

The carmaker said the planned listing of its truck making unit is being prepared and should be completed by the end of 2021.

Published 31 Mar, 2021 12:05pm

Business & Finance

Daimler sees good times ahead despite pandemic

For 2020, Daimler booked 4.0 billion euros in net profit, a 48 percent increase on the previous year when it was hit by one-off expenses.

Published 18 Feb, 2021 05:22pm

Business & Finance

Daimler partners with Amazon on self-driving trucks

In June 2020, it announced a partnership with US chip company Nvidia to develop AI driving applications which included Levels 2, 3 and 4.

Published 17 Feb, 2021 05:10pm

Business & Finance

Daimler Trucks labour chief wants clean tech investments in Germany

FRANKFURT: Daimler Trucks, which is being spun off by its parent group later this year, should invest much of a 1.5...

Published 14 Feb, 2021 03:49am

Business & Finance

Daimler Trucks labour chief wants clean tech investments in Germany

Daimler announced the fund on Feb. 3 alongside plans to spin off the world's largest truck and bus maker, as it seeks to increase its appeal to investors as a focused electric, luxury cars business.
We will develop proposals for new projects for individual sites, with which we can support additional employment and the change to new drive technologies.

Published 13 Feb, 2021 07:51pm

Business & Finance

Daimler Trucks chief says clean trucks will be ready before clean fuels

The infrastructure will take longer than we take to make a good product available.
The regulators are playing with the future of their respective economies.
The biggest growth potential I see is in technology in our existing markets.

Updated 09 Feb, 2021 11:32pm

Business & Finance

Daimler plans majority spin-off and listing of truck business

As a result of the spin-off, a significant majority stake in the Daimler Truck business would be distributed to Daimler AG's shareholders allowing for a deconsolidation.
A spin-off would require the approval of an extraordinary shareholders' meeting of Daimler AG.

Published 03 Feb, 2021 09:57pm

Markets

Daimler to invest 1.5bn euro in truck business in wake of IPO

The Daimler truck business will have fully independent management, stand-alone corporate governance including an independent chairman of the supervisory board, and is targeted to qualify as a DAX company.

Published 03 Feb, 2021 09:45pm

Business & Finance

Daimler to spin off trucks in shift to electric, self-driving vehicles

We have confidence in the financial and operational strength of our two vehicle divisions.
We are convinced that independent management and governance will allow them to operate even faster... and thus be significantly more agile and competitive.

Updated 03 Feb, 2021 09:04pm

Business & Finance

Renault, Daimler in talks to develop next generation large van

The pair could team up in some capacity to work on the next generation of Renault Master vans.
Demand for vans of all sizes has jumped amid the COVID-19 pandemic, fuelled by ecommerce deliveries as people have ordered more goods from home during lockdowns.

Published 02 Feb, 2021 06:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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