At a shareholder meeting, Germany’s premiere luxury carmaker reported it’s on track to break revenue records in the first quarter of 2016. But a recall in China and an investigation involving emissions have overshadowed the good numbers.
Net earnings at the world's largest luxury carmaker have taken a dive, Daimler's latest quarterly earnings report has shown. It's the result of several costly campaigns, while overall sales left nothing to be desired.
Dieter Zetsche, CEO of German luxury carmaker Daimler vows to fight for diesel-powered vehicles, but declines to comment on the latest scandal rocking the nation's auto industry.
Daimler's Media Night presentation at the IAA in Frankfurt was a showy affair, meant to present the Mercedes Benz maker's speeding into the future. But first it has to get through the present, says Janelle Dumalaon.
Though a future in which all cars are electric is still decades away, carmakers such as VW, BMW and Daimler are busy showcasing their green models. The question is how ethically clean are they?
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