Germany's Transport Ministry questioned Daimler CEO Dieter Zetsche over how many Mercedes vans and cars need to be fixed to meet emissions rules after the automaker was ordered to recall Vito vans because they breached emissions regulations.
Daimler CEO Dieter Zetsche said there was no indication the automaker's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the company earlier this year.
Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish automaker, a report said, raising the possibility of increased cooperation between Mercedes and Volvo's China owner Geely.
VW Group and Ford were among companies hit by a second day of 24-hour strikes by industrial workers in Germany. Daimler, which is also expected to face strikes, will find it hard to make up for production shortfalls resulting from the action, CEO Dieter Zetsche said.
The economic and trade policies of U.S. President Donald Trump are a risk for German automakers, Daimler CEO Dieter Zetsche said. Trump, hoping to protect U.S. carmakers, has criticized the import of vehicles into the U.S. as unfair trade.
Daimler is firming up plans for its biggest corporate overhaul in a decade, granting its car and truck operations more independence in a move that could pave the way for spinoffs and other deals as the automaker confronts the disruptive shift to self-driving electric vehicles.
European carmakers offered a further 20 percent cut to average CO2 emissions in the next round of EU targets currently being drawn up, but said full compliance should wait until 2030 and remain conditional on consumer uptake of electrified cars.