DAI.F - Daimler AG
| Previous close | 51.04 |
| Open | 47.58 |
| Bid | 47.25 x 250000 |
| Ask | 47.26 x 250000 |
| Day's range | 46.96 - 47.88 |
| 52-week range | 44.54 - 66.30 |
| Volume | 66,630 |
| Avg. volume | 16,503 |
| Market cap | 50.179B |
| Beta (3Y monthly) | 1.25 |
| PE ratio (TTM) | 7.14 |
| EPS (TTM) | 6.61 |
| Earnings date | N/A |
| Forward dividend & yield | 3.25 (5.56%) |
| Ex-dividend date | 2019-05-23 |
| 1y target est | N/A |
- Reuters•17 hours ago
Daimler CEO announces sweeping cost review as he bows out
Daimler's Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz. Zetsche, who hands over the top job to 49-year-old Swede Ola Kaellenius, is credited with having returned Mercedes-Benz to the position of top-selling luxury car brand in 2016. "Everything is under scrutiny: fixed and variable costs, material and personnel costs, investment projects, vertical integration and the product range," Zetsche told the company's annual general meeting in Berlin, where he was applauded by around 5,000 shareholders.
Associated Press•21 hours agoDaimler CEO Zetsche hands off to successor amid tech change
FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm warning that the company will need to cut costs to invest in new technologies that are transforming the industry.
Bloomberg•yesterdayDaimler's Dr. Z Hands Over Reins With Need for Deep Savings
Bidding farewell to the company he led for more than a decade, Daimler AG Chief Executive Officer Dieter Zetsche urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval. “Everything is under scrutiny,” Zetsche said Wednesday at the annual shareholder meeting in Berlin, citing costs, investments and the Mercedes-Benz maker’s product range. The walrus-mustached Zetsche, 66, and Chief Financial Officer Bodo Uebber, 59, who is also leaving, turned Daimler from an industrial conglomerate that included holdings in aviation into a company focused on upscale passenger cars and commercial vehicles.
- Reuters - UK Focus•2 days ago
LIVE MARKETS-The winners and losers from shrinking public equity markets
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.4 to 0.9% * Norsk Hydro climbs 6% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-Looking for sell ideas in Europe?
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.4 to 0.9% * Norsk Hydro climbs 6% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up ...
- Reuters - UK Focus•2 days ago
GLOBAL MARKETS-Global stocks gain as U.S. eases Huawei restrictions
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China's Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany's DAX rising 1.1%, while France's CAC 40 added 0.6%. At the close, China's Shanghai Composite index was up 1.23%, while the blue-chip CSI300 index ended 1.35% higher.
- Reuters - UK Focus•2 days ago
LIVE MARKETS-The inventory headache
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.3 to 1% * Norsk Hydro climbs 6% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up 1.8% ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-Trump tweets and trillions of dollars vanish
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.4% * Norsk Hydro climbs 5% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up 3% after ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-A silver lining for the shunned telecoms sector
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.1-0.6% * Norsk Hydro climbs 5% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up 3% ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-Trade-sensitive tech stocks climb on Huawei relief
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.2-0.4% * Norsk Hydro climbs 5.2% on Alunorte embargo lift * Sonova hits record high after results May 21 - Welcome to ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-What's on the radar: Trade war relief, eyes on Fresnillo, Telecom Italia
May 21 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts ...
- Reuters - UK Focus•2 days ago
LIVE MARKETS-DIA rescue deal, Daimler cost-cutting drive, Telecom Italia results
May 21 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts ...
Reuters•3 days agoDaimler plans to cut administration costs by 20%: Handelsblatt
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take over from Dieter Zetsche after the company's annual general meeting on May 22, has been working for months on a cost cut initiative, dubbed "Move", which is expected to be ready in the summer, the paper said. Daimler declined to comment.
- Reuters•3 days ago
Daimler plans to cut administration costs by 20% - Handelsblatt
Incoming Daimler boss Ola Kaellenius is working on a cost cut programme to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take over from Dieter Zetsche after the company's annual general meeting on May 22, has been working for months on a cost cut initiative, dubbed "Move", which is expected to be ready in the summer, the paper said. Daimler declined to comment.
- TechCrunch•7 days ago
Daimler and BMW-backed Kapten rides into London with anti-Uber ad campaign
Kapten, the French ride-hailing app backed by Daimler and BMW, has todaylaunched in London, coupled with a feisty ad campaign taking a swipe at Uber'stax arrangements
- Reuters•7 days ago
BMW assures Hungary factory project unaffected by sector struggles
BUDAPEST (Reuters) - German car maker BMW has assured Hungary it that an investment in a new factory in eastern Hungary is going ahead as planned, the Hungarian government said on Thursday. BMW and sector ...
- Reuters - UK Focus•10 days ago
European stocks drop as China ups stakes in trade war with U.S.
European stocks continued their decline on Monday, on the heels of this year's biggest weekly loss, as an escalation in the U.S.-China trade war battered sentiment and prompted investors to shift into safer bets. China said it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, chilling risk appetite world over as it hit back at a tariff hike by Washington which came into force on Friday. Centrica Plc rose 3% as Britain's top energy supplier maintained its full-year outlook.
- Reuters - UK Focus•10 days ago
LIVE MARKETS-Closing snapshot: Europe at two-month low
* STOXX 600 ends down 1.2 pct as China retaliates * Trade-sensitive car stocks lead market lower; DAX down 1.5 pct * Oil stocks outperform as Middle East tensions lift crude prices * China to slap tariffs ...
- Reuters - UK Focus•10 days ago
LIVE MARKETS-Do you still think investors are underweight equities?
* STOXX 600 down 1.2 pct as China retaliates * Trade-sensitive car stocks lead market lower * Oil stocks as Middle East tensions lift crude prices * China to slap tariffs on U.S. goods despite Trump warning ...
Reuters•10 days agoDaimler's CEO designate will push alliances to cut costs
Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday. "The cost structure of the electric car is above that of the combustion engine car. From where we are now, we need to make a significant step by 2025 in terms of cost," Kaellenius said, declining to provide specific figures.
- Reuters - UK Focus•10 days ago
LIVE MARKETS-IPOs: The first day is the best (except for Uber)
* STOXX 600 down 0.9% as China retaliates in deepening U.S. trade row * Trade-sensitive car stocks lead market lower, down 2.9% * Oil stocks as Middle East tensions lift crude prices * Trump warns China ...
- Reuters - UK Focus•10 days ago
LIVE MARKETS-Not travel and arrive, but "travel and reverse"
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- Reuters - UK Focus•10 days ago
LIVE MARKETS-A reason to be confident despite the Twitter (ahem, trade) wars
* STOXX 600 down 0.8 pct as Asian gloom spreads * Trade-sensitive car stocks lead market lower * Oil stocks as Middle East tensions lift crude prices * Trump warns China not to retaliate against tariff ...
