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XPO Logistics tests battery electric truck from Daimler Trucks North America » 07:2605/0505/05/21
XPO Logistics (XPO) has…
XPO Logistics (XPO) has partnered with Daimler Trucks North America (DDAIF) to test Daimler's battery-electric commercial trucks under real-life operating conditions in California. The company said: "XPO drivers will use tractors from DTNA's Freightliner Electric Innovation and Customer Experience Fleet for a nine-month pilot program in the Oakland area. The data generated by the XPO pilot will help inform DTNA's final design of its battery-electric truck prior to full series production. XPO and DTNA have collaborated on transportation innovation for more than a decade."
Nissan to sell 16.4M shares of Daimler, Bloomberg reports » 11:4905/0405/04/21
Nissan (NSANY) is…
Nissan (NSANY) is offering to sell 16.4M shares of Daimler AG (DDAIF) through BofA Securities and Societe Generale, Bloomberg reports, citing terms it has seen.
Daimler weighs consolidating most of ad business with one agency, BI says » 13:5804/3004/30/21
DDAIF, PUBGY, OMC
Daimler (DDAIF) is eyeing…
Daimler (DDAIF) is eyeing consolidating the majority of its advertising business with one of its two agencies, Publicis Groupe (PUBGY) and Omnicom (OMC), Business Insider's Lindsay Rittenhouse reports, citing three people with direct knowledge. The move would be a major loss for one of those advertising companies, as the German car maker spent $790M on marketing globally in 2020, Rittenhouse says, citing Comvergence. Omnicom has overseen Daimler's global media planning and buying since 2018, while Publicis has established the automaker's advertising campaigns in 40 markets outside the U.S. since 2018, the author notes. Reference Link
Daimler AG price target raised to EUR 115 from EUR 100 at Barclays » 14:1204/2604/26/21
Barclays analyst Kai…
Barclays analyst Kai Mueller raised the firm's price target on Daimler AG to EUR 115 from EUR 100 and keeps an Overweight rating on the shares.
Daimler AG price target raised to EUR 100 from EUR 92 at JPMorgan » 12:0904/2604/26/21
JPMorgan analyst Jose…
JPMorgan analyst Jose Asumendi raised the firm's price target on Daimler AG to EUR 100 from EUR 92 and keeps an Overweight rating on the shares.
Daimler AG price target raised to EUR 85 from EUR 80 at Deutsche Bank » 11:4504/2604/26/21
Deutsche Bank analyst Tim…
Deutsche Bank analyst Tim Rokossa raised the firm's price target on Daimler AG to EUR 85 from EUR 80 and keeps a Buy rating on the shares.
Hub Group begins electric truck fleet pilot » 12:1804/2304/23/21
Hub Group (HUBG) began…
Hub Group (HUBG) began its electric truck fleet pilot with Daimler Trucks of North America (DDAIF) as part of Freightliner's Customer Experience Fleet. This will be part of a six-month test in Southern California across a variety of freight environments and conditions in both dedicated and drayage freight operations. The Freightliner eCascadia pilot will operate seven days per week over the six-month test. Hub Group engineers will analyze performance across multiple data points including range, payload, traffic conditions, charging scenarios, maintenance, and safety.
Biden moves to unwind Trump auto-emissions policy, WSJ says » 06:0604/2304/23/21
F, GM, HMC, NSANY, TM, TSLA, DDAIF, VWAGY, STLA
The U.S. Transportation…
The U.S. Transportation Department is moving to end a legal battle with California over the state's authority to regulate vehicle emissions, The Wall Street Journal's Timothy Puko reports. "The transportation sector is the biggest contributor to greenhouse gases in our economy-which means it can and must be a big part of the climate solution," Transportation Secretary Pete Buttigieg said. The National Highway Traffic Safety Administration is proposing to withdraw portions of a rule, approved under the Trump administration, to pre-empt states including California from issuing their own limits on greenhouse-gas emissions from tailpipes and their own mandates on zero-emissions vehicles. Publicly traded companies in the space include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
Daimler AG still expects FY21 unit sales, revenues and EBIT above FY20 levels » 05:3604/2304/23/21
The company said,…
The company said, "Daimler expects a gradual normalization of economic conditions in the important markets. The company assumes that the world economy will be able to recover from the pandemic-related weakness of the year 2020, aided by the increasing availability of effective vaccines, among other things. Based on the expected market development and the current assessments of the divisions, Daimler continues to anticipate Group unit sales, revenues and EBIT in 2021 to be significantly above the prior year's level. The current worldwide supply shortage in certain semiconductor components affected deliveries in the first quarter. Daimler anticipates that this shortage could further impact sales in the second quarter. Although visibility is limited at present, Daimler assumes some recovery in the third and fourth quarter. Daimler intends to generate value for its shareholders and to raise its profitability by creating two pure-play companies, one focused on cars and vans with the other on trucks and buses. It is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. The transaction and the listing of Daimler Truck on the Frankfurt Stock Exchange are well on track and expected to be completed before year-end 2021. The project is currently in the preparatory and auditing phase. At an extraordinary general meeting in autumn, Daimler shareholders will have to approve this historic strategic step."
Daimler AG reports Q1 group sales 728,609 units vs. 644,316 units last year 05:3404/2304/23/21