Factbox-Europe's embattled auto sector plans plant closures and layoffs

European automotive companies face challenges leading to plant closures and layoffs, driven by weak demand, rising costs, and increased competition during the transition to electric vehicles.

Factbox-Europe's embattled auto sector plans plant closures and layoffs

Germany stocks higher at close of trade; DAX up 0.84%

Germany stocks mixed at close of trade; DAX down 0.52%

Daimler Truck beats Q3 EBIT forecasts, DTNA margins remain under pressure

Daimler Truck reported solid Q3 results with adjusted EBIT exceeding expectations, but faces margin concerns at DTNA and negative cash flow, impacting fourth-quarter forecasts.

Daimler Truck wants stability in Germany as warns of tough times ahead

Daimler Truck reported mixed earnings results amidst instability in Germany, highlighting challenges in Europe and strategies for flexibility in U.S. operations amid potential tariffs.

Germany stocks higher at close of trade; DAX up 0.92%

On Friday, German stocks rose, driven by strong retail and healthcare sectors. DAX gained 0.92%, with top performers including Sartorius and Siemens Energy, while Volkswagen hit a 3-year low.

Daimler Truck shares dip as Q3 sales fall; Mercedes-Benz, Trucks Asia units weaken

Daimler Truck reports a decline in Q3 2024 sales, with key segments suffering; however, BEV sales show slight growth amid an overall downturn.

Daimler Truck Q3 sales drop 11%, dragged down by Mercedes brand, Asia

Daimler Truck's Q3 sales fell 11%, with lower deliveries but a 36% rise in fully electric truck sales.

New CEO must adapt Daimler Truck to weaker market, chairman says

Daimler Truck anticipates a demand slowdown for commercial vehicles. Newly appointed CEO Karin Radstrom faces challenges in improving profitability amid rising production costs and environmental concerns.