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MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler    DAI   DE0007100000

DAIMLER (DAI)
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Daimler : and Ford to Close Fuel-Cell Joint Venture

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06/14/2018 | 11:49am CEST

By Max Bernhard

Daimler AG (DAI.XE) and Ford Motor Co. (F) plan to close a joint venture formed to develop fuel-cell technology, Daimler said Thursday.

"The two companies will continue their development activities independently from each other at their own sites from summer 2018, and will therefore close the Automotive Fuel Cell Cooperation in Burnaby, Canada," Daimler said.

The maker of Mercedes-Benz cars said the two partners have reached their goals in the joint development of fuel-cell stacks.

The technology was once regarded as a way to lower automotive emissions but fuel-cell vehicles have remained a niche market, with most car makers now focusing on the development of electric vehicles.

Daimler and Ford are reviewing possibilities to further cooperate in the development of fuel-cell stacks, Daimler said.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER 1.05% 55.87 Delayed Quote.-22.43%
FORD MOTOR COMPANY 1.29% 9.84 Delayed Quote.-23.54%
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Financials (€)
Sales 2018 168 B
EBIT 2018 13 523 M
Net income 2018 9 351 M
Finance 2018 15 664 M
Yield 2018 6,40%
P/E ratio 2018 6,27
P/E ratio 2019 6,00
EV / Sales 2018 0,26x
EV / Sales 2019 0,25x
Capitalization 58 755 M
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Technical analysis trends DAIMLER
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Average target price 71,5 €
Spread / Average Target 29%
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Managers
NameTitle
Dieter Zetsche Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Bodo K. Uebber Head-Finance & Controlling
Frank Lindenberg Head-Finance & Controlling
Clemens A. H. Boersig Member-Supervisory Board
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