German carmaker Daimler starts construction of Hungary car plant

September 23rd, 2009 Report: Daimler may move some production to USSTUTTGART, Germany — German carmaker Daimler AG is considering whether to move some production of its Mercedes-Benz C-Class models to Alabama from Germany, a newspaper reported Wednesday. The daily Stuttgarter Zeitung reported, without citing sources, that the company's management is mulling whether to move production of the C-Class from its Sindelfingen plant, in the Stuttgart suburbs, to Tuscaloosa.

September 19th, 2009 MOSCOW - Sberbank, one of the members of a consortium set to buy carmaker Opel, said the transfer of the company's technological know-how to Russia is a non-negotiable part of the deal, the Interfax news agency reported Saturday. "If the import of technologies doesn't take place, then we will have just wasted our time," said German Gref, the head of the Russian bank, at an economic forum in the Russian city of Sochi.

August 31st, 2009 Daimler's Fuso considers Nissan bus partnershipFRANKFURT — German car, truck and bus maker Daimler AG said Monday its Mitsubishi Fuso Truck and Bus Corporation and Nissan Diesel Motor Co. Ltd. had signed a letter of intent to work more closely together and possibly establish a joint venture in the bus business.

August 26th, 2009 Chrysler sues Daimler over key 2010 vehicle partsNEW YORK — Chrysler Group LLC has sued Daimler AG, accusing the German automaker of failing to abide by contracts requiring it to supply crucial parts and putting the production of key 2010 Chrysler vehicles in jeopardy. The Auburn Hills, Mich.-based company said without the Daimler-supplied steering columns and torque converters it will be unable to produce several 2010 model-year vehicles, including the Chrysler 300 and the Jeep Grand Cherokee SUV.

August 19th, 2009 Germany to offer 4.5B credit for MagnaBERLIN — Germany's economy ministry says the country is prepared to make €4.5 billion ($6.35 billion) in credit available to a Canadian-Russian consortium in the bidding war to take over Ruesselsheim-based carmaker Adam Opel GmbH. The ministry confirmed Wednesday comments by Deputy Economy Minster Jochen Homann, saying the German government had informed General Motors Co.

August 3rd, 2009 July Auto Sales: DaimlerNEW YORK — German automaker Daimler AG said its sales in the U.S. fell by 24 percent in July, amid plunging sales of its Smart fortwo minicar and Mercedes-Benz luxury vehicles.

July 29th, 2009 Daimler posts $1.51 billion loss in second quarterBERLIN — German auto and truck maker Daimler AG said Wednesday it lost euro1.06 billion ($1.51 billion) in the second quarter as sinking sales from the recession and charges related to its stake in Chrysler weighed on the bottom line. But the result was better than analyst predictions and company shares rose.

July 7th, 2009 Mercedes Benz Cars June sales decline 7 percentFRANKFURT — Carmaker Daimler AG's Mercedes-Benz Cars division saw 7 percent lower sales in June as the world recession continued to affect demand, the German company said Tuesday. The Stuttgart-based company said the Mercedes-Benz Cars group sold 111,300 passenger cars in June, compared with 119,300 in June a year ago.

July 7th, 2009 German luxury car makers see sales dips narrowFRANKFURT — German luxury carmakers BMW and Daimler said their June sales slipped lower from a year ago, but the overall decline slowed. Both companies said they were cautiously optimistic that market may start to improve sooner than later.

July 1st, 2009 Daimler US sales decline 26.5 percent in JuneNEW YORK — Daimler AG said Wednesday that combined U.S. sales for its Mercedes-Benz and smart micro-cars fell nearly 26.5 percent in June compared with the same month a year earlier.

June 22nd, 2009 Porsche: Bank seeks improved credit bidSTUTTGART, Germany — Car maker Porsche said Monday that a German state-owned bank has asked it to make improvements in its application for euro1.75 billion ($2.4 billion). Stuttgart-based Porsche is trying to alleviate debt it ran up as it increased its stake in larger German auto maker Volkswagen AG, in which it now holds a 51 percent stake.

June 8th, 2009 BMW sales fall 18 pct in May from year earlierFRANKFURT — German carmaker BMW AG said Monday the group sold 109,042 cars in May 2008, an 18 percent decline from the same period a year earlier. The Munich-based premium carmaker said its BMW brand sold 90,643 cars last month, down 18 percent from the 110,707 sold in May 2008.

May 13th, 2009 2,300 jobs to go at Daimler's Mitsubishi FusoBERLIN — Daimler AG announced a restructuring plan Wednesday for its Mitsubishi Fuso Truck and Bus Corp. that is expected to result in some 2,300 job cuts by the end of next year.

April 28th, 2009 Daimler reports 1Q loss of euro1.3 billionFRANKFURT — German car maker Daimler AG has reported a first quarter loss of nearly euro1.3 billion ($1.7 billion) as the world economic crisis weighs heavily on demand. The euro1.29 billion net loss reported Tuesday by Stuttgart-based Daimler contrasts with a net profit of more than euro1.33 billion in the first quarter of 2008.

March 24th, 2009 STUTTGART - Shares in giant German carmaker Daimler AG jumped more than 6 percent Monday after the manufacturer of luxury Mercedes Benz autos sold a 9.1 percent stake to Aabar Investments, a fund owned by the Arab emirate of Abu Dhabi. As a result of the acquisition, Abu Dhabi, which is to pay 1.95 billion euros ($2.6 billion) for 96.4 million newly-issued shares, will replace Kuwait as Daimler's largest stakeholder.