Author: EDWARD TAYLOR
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Daimler, Geely in talks to expand cooperation into a ‘bigger dimension’
Daimler is in talks about deepening its cooperation with China’s Geely, CEO Dieter Zetsche said. Geely has a stake of nearly 10 percent in Daimler.
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Daimler’s quarterly profit falls 22% as investment costs, tariffs hit Mercedes
Daimler’s fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at the Mercedes-Benz Cars, the company said.
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Mercedes will ramp up business with China suppliers
Mercedes will deepen partnerships with Chinese suppliers since they often lead U.S. and European rivals in key technologies, the automaker’s purchasing chief said.
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Bosch buys out Daimler’s stake in electric motor JV
Bosch said it had bought out partner Daimler’s stake in EM-Motive, a joint venture set up to make motors for electric and hybrid cars.
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BMW, Daimler pick ‘Jurbey’ name for combined car-sharing venture, report says
BMW and Daimler are combining Daimler’s Car2Go and BMW’s DriveNow as well as ride-hailing, parking and charging services.
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Ford Europe to cut thousands of jobs in turnaround plan
Ford plans to cut thousands of jobs, exit unprofitable markets and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford also said it plans to leverage relationships and not…