"We set another important milestone for the electrification of our future electric vehicles," Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said.
Has Ghosn arrest exposed fundamental flaw at Nissan?; M-B victory in sight; JLR woes spark ratings cut; Forbes names Barra world's 4th most powerful woman; Volvo's Nobel gesture.
The Trump administration was expected to push senior executives of German automakers to expand their U.S. investments as the White House considers imposing new tariffs on European-made vehicles.
Despite an anemic 0.6 percent increase in November U.S. sales, Mercedes-Benz remained No. 1 among luxury brands last month.
Top executives of Volkswagen Group, Daimler AG and BMW AG have a balancing act to pull off when they meet with Trump administration officials Tuesday about potential tariffs on U.S. imports from Germany.
The Trump administration has invited the heads of Volkswagen, BMW and Daimler to a meeting at the White House on Tuesday to discuss trade policy, officials said.
The heads of VW, BMW and Daimler are ready to attend a meeting with the Trump administration, but have not yet received a formal invitation, Reuters reported.
Thyssenkrupp's supervisory board failed to agree on recruiting outgoing Daimler CFO Bodo Uebber as its chairman after the executive's compensation demands drew fire from employee representatives.
The Trump administration has invited the CEOs of three German automakers for talks at the White House as European and U.S. officials try to negotiate a new trade agreement, Bloomberg reported
Elon Musk floated the idea of working with a familiar ally on electric work vans after being guilt-tripped on Twitter for using fuel-burning vehicles to service Tesla models.
Peter Zieringer, CEO of Mercedes-Benz Financial Services USA, will leave his post to lead Daimler Financial Services' European operations. Peter Henn will replace him.
Daimler plans to invest 1.1 billion yuan ($158.23 million) in a second r&d center in Beijing to help accelerate localization of Mercedes vehicles in China.
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