May 15, 1996 |
Daimler-Benz unveiled the world's first fuel-cell-powered vehicle Tuesday, saying it represents the auto industry's most realistic hope for eventually manufacturing a practical, pollution-free vehicle. The prototype, five years in the works, is powered by electricity generated by a controlled reaction between hydrogen and oxygen, producing an exhaust of harmless water vapor. The hydrogen is carried on board in a tank and the oxygen is drawn from the atmosphere.
February 28, 2008 |
Chrysler lost about $2.7 billion in the two months after Daimler sold controlling interest in the automaker to a New York private equity firm, Daimler said in its annual report. The figure, for the period from Aug. 4 to Sept. 30, 2007, was calculated under international financial reporting standards used in Europe and not under U.S. accounting standards, Daimler said.
February 18, 2002 |
Offered for just three years, power adjusters for gas and brake pedals have become Ford Motor Co.'s best-selling optional feature. Ford markets the adjusters as a convenience that allows drivers to sit farther from the steering wheel while still reaching the pedals. The feature has been popular with consumers of all sizes, and other auto makers are beginning to offer adjusters.
November 17, 2000 |
DaimlerChrysler lost the support of Goldman Sachs Group Inc., as the investment bank cut its recommendation and profit forecast for the German auto maker. DaimlerChrysler, facing losses at its U.S.-based Chrysler unit, was downgraded to "market perform" from "market outperform" on concern about rising costs.
September 23, 2004 |
Automaker DaimlerChrysler said it had signed a contract with Japan's Mitsubishi Motors Corp. in which the two companies renewed their commitment to joint production and development projects. The move followed speculation about the future of cooperation between the firms after the U.S.-German automaker in April decided against putting more money into Mitsubishi.
January 12, 2002 |
DaimlerChrysler forced Deutsche Telekom, Europe's most indebted phone company, to buy a software venture they now jointly own for $4.1 billion in cash, two years earlier than planned. The auto maker, which has $16 billion of debt coming due this year, sold 50.1% of Debis Systemhaus to Deutsche Telekom in March 2000, when technology stocks reached record highs. DaimlerChrysler exercised an option to sell the rest of the unit Jan.