DAI.DE - Daimler AG

XETRA - XETRA Delayed price. Currency in EUR
32.28
+0.41 (+1.29%)
As of 9:47AM CEST. Market open.
Stock chart is not supported by your current browser
Previous close31.88
Open32.30
Bid32.29 x 124500
Ask32.29 x 73800
Day's range32.15 - 32.65
52-week range21.01 - 54.50
Volume559,820
Avg. volume8,066,065
Market cap34.538B
Beta (5Y monthly)1.67
PE ratio (TTM)92.24
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield3.25 (10.37%)
Ex-dividend date02 Apr 2020
1y target estN/A
  • Aston Martin shares leap as CEO replaced with Mercedes chief
    Yahoo Finance UK

    Aston Martin shares leap as CEO replaced with Mercedes chief

    Shares in the struggling car maker jumped over 30% after the leadership change that was leaked over the weekend was confirmed by the board.

  • Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources
    Reuters

    Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources

    Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said. The two firms struck a deal last year for Farasis to supply Daimler with lithium-ion battery cells and Farasis is building a factory in Germany. Daimler and Farasis declined to comment on the potential IPO investment.

  • China's Geely to explore deeper cooperation with Daimler - chairman
    Reuters

    China's Geely to explore deeper cooperation with Daimler - chairman

    China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG , its Chairman Li Shufu said on Friday. Geely built a 9.69% stake in Stuttgart-based Daimler in 2018. Geely would also "launch several new products and services to our markets around the world" this year, Li said in a statement to Reuters.

  • The Zacks Analyst Blog Highlights: Daimler AG, Tesla, Toyota, General Motors and Fiat Chrysler
    Zacks

    The Zacks Analyst Blog Highlights: Daimler AG, Tesla, Toyota, General Motors and Fiat Chrysler

    The Zacks Analyst Blog Highlights: Daimler AG, Tesla, Toyota, General Motors and Fiat Chrysler

  • Reuters - UK Focus

    Past its peak? Battered oil demand faces threat from electric vehicles

    Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future. With economies reeling from lockdowns to curb the virus, the sharpest plunge in oil prices in two decades has slashed the cost of filling up a tank of gas, eroding some of the incentive to make the switch to cleaner fuels. Looking ahead, cuts in capital spending forced upon energy companies as their revenues crumble could tighten supply enough to cause a spike in oil prices, making electric vehicles more attractive just as automakers ramp up production, analysts say.

  • Reuters - UK Focus

    Motor racing-Vettel to leave Ferrari at end of year - media reports

    Four-times Formula One world champion Sebastian Vettel is set to quit Ferrari at the end of the year after contract talks broke down, German media reported late on Monday. Italy's Gazetta dello Sport newspaper recently reported Vettel being offered a one-year extension with a salary reduction. Vettel joined Ferrari in 2015 after winning all his titles with Red Bull and dreaming of emulating his boyhood hero Michael Schumacher, who took five of his seven titles with the Maranello-based team.

  • Musk Emerges as Loudest Reopen Proponent With Tesla Threats
    Bloomberg

    Musk Emerges as Loudest Reopen Proponent With Tesla Threats

    (Bloomberg) -- Tesla Inc. asserts that restarting its operations in the midst of the coronavirus pandemic doesn’t make the company an outlier, nor is it going against the grain.But its chief executive officer’s handling of the health crisis has been anything but ordinary. Tesla sued the county blocking its car plant from reopening, with Elon Musk calling the local health officer -- a former infectious diseases professor with a master’s degree in public health -- “unelected & ignorant.” He threatened to move Tesla’s headquarters out of California, warning that all its manufacturing may leave the state, too.The weekend flare-up was without precedent in the three months since the first confirmed Covid-19 death in the U.S. -- a resident of Santa Clara County, home to Tesla’s headquarters and neighbor to its factory in Fremont, California. As the nation’s death toll approaches 80,000, Musk has emerged as arguably the loudest voice in corporate America advocating for the economy to reopen.“I’m not messing around,” the 48-year-old billionaire tweeted after Tesla filed its lawsuit against Alameda County. “Absurd & medically irrational behavior in violation of constitutional civil liberties, moreover by *unelected* county officials with no accountability, needs to stop.”Tesla shares fell 2.7% as of 7:20 a.m. Monday in New York, before the start of regular trading. The stock has soared 96% this year.Auto RestartTesla does have a case to make for being unexceptional within the auto industry. Ford Motor Co., Fiat Chrysler Automobiles NV, Toyota Motor Corp. and others also have set dates for restarting their operations, only to then call off those plans due to shutdown orders.Daimler AG has reopened a Mercedes-Benz plant in Alabama, as has its German peer BMW AG in South Carolina. Toyota and Honda Motor Co. will resume work at U.S. factories this week, followed by General Motors Co., Ford and Fiat Chrysler on May 18.But no carmaker other than Tesla has publicly attacked local health officials or threatened states over shelter-in-place measures that virtually wiped out North American vehicle production for more than a month.Read more: What you need to know about the U.S. auto industry’s restartDuring GM’s first-quarter earnings call on May 6, CEO Mary Barra said the automaker was having “very constructive” conversations with government officials.“We’re in a good position as we talk to country leaders and state leaders,” she said. “We’ll continue to have dialogue with our unions, as well as with the government leaders, to do the right thing.”Bay Area ExceptionTesla’s handling of the health crisis also has been unique among companies in the San Francisco Bay area. Ajay Shah, the CEO of Smart Global Holdings Inc., last month credited Alameda for allowing the manufacturer of memory modules to continue operating.“We’ve had discussions with the Alameda County health authorities and show them exactly what we’re doing and they’ve been satisfied with it,” Shah said on an April 7 earnings call.Earlier: Tesla’s drive to stay open irked officials who saw health riskFaceboook Inc. CEO Mark Zuckerberg, whose staff can more easily work from home than Musk’s manufacturing employees, has voiced his concern about lifting stay-home measures too soon.“While there are massive societal costs from the current shelter in place restrictions, I worry that reopening certain places too quickly before infection rates have been reduced to very minimal levels will almost guarantee future outbreaks and worse longer-term health and economic outcomes,” Zuckerberg said during Facebook’s April 29 earnings call.Back to WorkOn the same day, Musk called shutdown orders “fascist” and unconstitutional, likening them to forcible imprisonment and saying they were “breaking people’s freedoms in ways that are horrible and wrong.” His comments were embraced by some Silicon Valley venture capitalists and political conservatives.Tesla released a 38-page “Return to Work Playbook” late Saturday laying out the safety protocols it will adopt at all of its facilities. While the company will disinfect work areas, enforce social-distancing precautions and provide personal-protective equipment, among other measures, the document doesn’t include any plans to test workers other than by checking their temperatures.Alameda officials have said more testing needs to come online and that Covid-19 case counts need to drop before they’ll feel comfortable moving to the next phase of reopening.Tesla has signaled it may disregard Alameda’s order, saying in a blog post Saturday that it had “started the process of resuming operations.” Several Fremont workers shared text messages with Bloomberg News in which supervisors were calling them back to the factory.“Our employees are excited to get back to work, and we’re doing so with their health and safety in mind,” the company said.(Updates with pre-market trading in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    GLOBAL MARKETS-Shares jump on coronavirus treatment hopes, oil soars

    World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared. A top U.S. health official said Gilead Sciences Inc's antiviral drug remdesivir is likely to become the standard of care for COVID-19 after early results from a clinical trial showed it helped certain patients recover more quickly from the illness caused by the coronavirus.

  • Reuters - UK Focus

    GLOBAL MARKETS-Shares jump after upbeat coronavirus drug data, oil surges

    World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged. Gilead Sciences Inc said that in a clinical trial, its experimental antiviral drug remdesivir helped improve outcomes for patients with COVID-19, the disease caused by the coronavirus.

  • Reuters - UK Focus

    LIVE MARKETS-Stocks prices suggests virus crisis ends in December

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. According to UBS Europe Daily, current stocks prices suggest investors expect the world to get out of the coronavirus crisis by the end of the year.

  • Reuters - UK Focus

    LIVE MARKETS-Rotate if you dare

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. There's certainly been quite some talk over the last few days about how it might be time to rotate out of the big tech stocks which have helped stock markets rebound from the depth of the coronavirus crash. Deutsche Bank analysts had the same take: "The reversion seems mostly to have been driven by a rotation out of large-cap Tech names like Facebook and Amazon ahead of earnings announcements in favour of more ‘value’ oriented stocks".

  • Reuters - UK Focus

    LIVE MARKETS-The unloved 25% rally in Europe

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Barclays paints this picture with a set of flow numbers showing risk aversion, particularly for European stocks.

  • Reuters - UK Focus

    GLOBAL MARKETS-Shares squeeze out gains as economies look to reopen

    World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and oil prices clawing back ground leavened by caution over corporate earnings. MSCI world equity index, which tracks shares in 49 countries, ticked up 0.2%, with European shares mirroring a buoyant day in Asia after initially choppy trading.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Curb your Q1 enthusiam

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Sensor specialist AMS, France's Teleperformance and Spie are on top of the STOXX 600 with rises close or above 2 digits. The banking sector, one of the big loser of the crisis, is one of the session's main winner with the sector up 1%.

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: Daimler, Volkswagen, airliners

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan.

  • Daimler sees profits at Mercedes-Benz Cars rising in 2020
    Reuters

    Daimler sees profits at Mercedes-Benz Cars rising in 2020

    Daimler said it expected the full-year operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level but warned that the coronavirus pandemic will push the group to an operating loss in the second quarter. Anticipating a higher rate of defaults among customers, the carmaker hiked risk provisions for delinquencies among customers who leased or bought Mercedes-Benz cars to 448 million euros($486.71 million), even as default rates have not yet started to spike. "There is nothing cheering in the auto numbers we have seen so far across the industry but Daimler seems to have had a decent start to Q1 and managed working capital better than we had feared," Jefferies analyst Philippe Houchois said.

  • Daimler Revenue, Profit Drops As Coronavirus Slows Auto Sales
    Bloomberg

    Daimler Revenue, Profit Drops As Coronavirus Slows Auto Sales

    (Bloomberg) -- Daimler AG said sales and operating profit slumped in the first quarter as the maker of Mercedes-Benz luxury cars was laid low by the coronavirus. Sales declined 6% to 37.2 billion euros ($40.4 billion) in the first three months of the year as the number of vehicles sold dropped 17% to 644,300. Daimler reiterated that full-year earnings before interest and taxes will be below last year, without being more specific.Key InsightsDaimler is among carmakers that has shuttered factories and car dealerships from the U.S. to China, with Ford Motor Co. forecasting a more than $5 billion second-quarter operating loss on Tuesday. Plants are now starting to reopen, as governments grapple with how to safely lift society lockdowns.After closing factories in March to preserve cash and manage costs, Daimler has now “started with a gradual ramp-up” of production, Chief Executive Officer Ola Kaellenius said in a statement.Chief Financial Officer Harald Wilhelm said on April 8 the crisis could help accelerate overhaul efforts to save 1.4 billion euros in labor costs by 2022. The plans include slashing costs to revive margins that were already squeezed before the virus crisis escalated.Daimler mapped out plans last year to eliminate more than 10,000 jobs worldwide in an effort to cut costs and invest in electrification.Market ReactionDaimler shares have lost 38% since the beginning of the year, about in line with the STOXX 600 Automobiles & Parts Index.Get MoreFull statement breakdown here.The proposed 2019 dividend of about 1 billion euros “remains at risk,” Bloomberg Intelligence analyst Michael Dean said in a report. Daimler didn’t mention the dividend in its statement.Fitch Ratings downgraded Daimler’s long-term issuer default rating to BBB+ from A- this month, citing a deteriorating financial profile and assuming a potential recovery will be slowRelated: VW, Daimler Map Out Plans to Revive Factory OutputFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Daimler says China business picks up again-report
    Reuters

    Daimler says China business picks up again-report

    Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday. Mercedes-Benz delivered a total of approximately 477,400 passenger cars worldwide between January and March. The report did not say how many of those went to customers in China, who bought 694,200 Mercedes-Benz cars last year, 29% of total sales.

  • Daimler says China business picks up again: report
    Reuters

    Daimler says China business picks up again: report

    Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday. Mercedes-Benz delivered a total of approximately 477,400 passenger cars worldwide between January and March. The report did not say how many of those went to customers in China, who bought 694,200 Mercedes-Benz cars last year, 29% of total sales.

  • Zoom Backlash Widens With Daimler, Ericsson and BofA Curbs
    Bloomberg

    Zoom Backlash Widens With Daimler, Ericsson and BofA Curbs

    (Bloomberg) -- Some of the world’s largest companies have advised against the use of Zoom Video Communications Inc.’s conferencing app, fueling a growing backlash against a service that shot to prominence during the Covid-19 pandemic.Daimler AG, Ericsson AB and NXP Semiconductors NV are among a wave of companies forbidding or warning employees against using Zoom because of concerns about its security, according to people familiar with their operations. At Bank of America Corp., staff need to get permission to use the service. They join corporations like Tesla Inc. and government agencies from Taiwan to Singapore that have banned the app’s use, though the city-state has since backtracked. India has deemed Zoom an unsafe platform and initiated a public contest to develop a secure homegrown video-chat alternative.Zoom emerged during the global coronavirus lockdown as a home for everything from virtual cocktail hours to cabinet meetings and classroom learning. It passed the milestone of 300 million daily meeting participants this week, having never crossed 10 million before the start of this year. Its share price rose to another record Thursday. However, cybersecurity researchers warn hackers can exploit flaws in the software to eavesdrop on meetings. Weak protection has given rise to the phenomenon of “Zoombombing,” where uninvited trolls gain access to a video conference to harass participants.Daimler wrote “the software has various security gaps and data protection problems” in a memo to employees reviewed by Bloomberg News. The automaker, employer to close to 300,000 people globally, wasn’t a Zoom corporate customer before but is now explicitly prohibiting the video-calling app, pointing workers to Microsoft Teams as a more trustworthy alternative.“Daimler prohibits the use of Zoom for corporate content until further notice,” company spokesman Christoph Sedlmayr said in an emailed statement.Zoom CEO Eric Yuan has focused on bolstering the security of his videoconferencing application with the goal of winning back customers who abandoned the company. Zoom is working on improving its encryption and argues that many of its problems stem from the fact the app was initially geared toward enterprise clients with their own IT security teams instead of the broad consumer app it’s become. Singapore’s government banned Zoom’s usage by schools but later lifted that moratorium after putting in place security safeguards.NXP, a provider of wireless communications technology, uses Microsoft Corp.’s Teams internally and recently banned the use of Zoom with external parties, one person said, asking not to be identified discussing internal matters. Networking giant Ericsson also relies on Teams, previously Skype for Business, for remote meetings and now asks staff not to use Zoom. If clients or partners want to use the app, Ericsson staff will need to make sure the outside parties understand and are willing to accept the risks of using Zoom before proceeding with a meeting, said another person familiar with the measures.An NXP spokesman declined to comment, while Ericsson said in an emailed statement it has internally approved apps and guidelines for meetings, without elaborating.“A large number of global institutions ranging from the world’s largest financial services companies, to leading telecommunications providers, government agencies, universities and others have done exhaustive security reviews of our user, network and data center layers and confidently selected Zoom for complete deployment,” said a Zoom spokeswoman via email. “We are proud to be helping these customers maintain business continuity in this challenging and unprecedented time.”Bank of America doesn’t typically use Zoom internally because it has other video conferencing tools, and in cases where clients seek to communicate via Zoom, bankers need to go through an approval process to use it, a person familiar with the situation said. Of the bank’s 208,000 employees, more than 175,000 are working from home, Chief Executive Officer Brian Moynihan said at the company’s annual shareholder meeting Wednesday.A Bank of America spokesperson declined to comment.(Updates Zoom share price in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-2 trillion EU teaser snubbed

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Investors didn't budge earlier on horrendous euro zone and UK PMIs.

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