Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

(DAI)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Daimler : Trucks Picks Detroit Plant For Battery Assembly

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/18/2019 | 05:38am EDT

By Max Bernhard

Daimler AG picked its Detroit, Michigan, diesel-engine plant as one of the sites to set up a battery-assembly operation for its electric trucks, the auto maker said Wednesday.

The plant--located in Redford, outside Detroit--is owned by Daimler's subsidiary Detroit Diesel Corporation. The company currently builds heavy-duty engines, axles and transmissions for Daimler's Freightliner trucks at the site.

A Daimler spokesperson said demand for the diesel trucks and components manufactured there remains strong and there aren't any immediate plans to roll back production of the existing operation.

In addition to the Detroit site, Daimler plans to assemble the batteries at its Mercedes-Benz site in Mannheim, Germany.

The German company said it would source battery-cell modules from Contemporary Amperex Technology Co. The Chinese battery maker will supply lithium-ion battery cell modules for Daimler's electric trucks, which will be on the market from 2021, the company said.

--Kim Richters contributed to this article.

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

Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD End-of-day quote.
DAIMLER AG 0.76% 49.955 Delayed Quote.8.14%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DAIMLER AG
06:35aTHE ROBUST OFF-ROAD TRUCK : the new Mercedes-Benz Zetros
PU
05:39aCHINA'S BAIC TO LAUNCH INTELLIGENT C : chairman
RE
10/22To go big on EVs, Japanese car makers think super-small
RE
10/22DAIMLER : 2019 Mexican Grand Prix - Preview
PU
10/22PRESENTED FOR THE FIRST TIME IN BOOK : The Mercedes-Benz treasure chambers
PU
10/22DAIMLER AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
10/22DAIMLER : Mercedes-Benz celebrates two years of partnership with ESL with a new ..
PU
10/21German Dax index climbs on increase bets for a Brexit deal
AQ
10/18DAIMLER : Mercedes-Benz EQ Formula E Team ends testing in Valencia on a high
PU
10/18DAIMLER AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
More news
Financials (EUR)
Sales 2019 172 B
EBIT 2019 7 191 M
Net income 2019 4 506 M
Finance 2019 458 M
Yield 2019 4,60%
P/E ratio 2019 11,7x
P/E ratio 2020 7,18x
EV / Sales2019 0,31x
EV / Sales2020 0,24x
Capitalization 53 112 M
Chart DAIMLER AG
Duration : Period :
Daimler AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DAIMLER AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 52,19  €
Last Close Price 49,65  €
Spread / Highest target 71,2%
Spread / Average Target 5,12%
Spread / Lowest Target -34,2%
EPS Revisions
Managers
NameTitle
Ola Kaellenius Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Harald Wilhelm Chief Financial Officer
Clemens A. H. Boersig Member-Supervisory Board
Sari Maritta Baldauf Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DAIMLER AG8.14%59 171
TOYOTA MOTOR CORPORATION19.74%190 162
VOLKSWAGEN AG23.11%95 111
GENERAL MOTORS COMPANY7.41%51 841
BMW AG-3.15%49 338
HONDA MOTOR CO., LTD.3.39%46 953