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Daimler AG (OTC: DMLRY) , the parent company of the Mercedes-Benz luxury brand, is shutting down "majority" of its production in Europe as the government scrambles to tackle the COVID-19 pandemic. With that, Daimler becomes the latest automaker to suspend operations in Europe. While Ford Mo...
STUTTGART, Germany , March 17, 2020 /PRNewswire/ -- Decision on suspension of majority of production in Europe , initially for two weeks Precautionary measure to contain the pandemic in line with recommendations from the authorities and to protect the workforce N...
This article is first in a series that provides an ongoing analysis of the changes made to Harris Associates' 13F stock portfolio on a quarterly basis. It is based on Harris Associates’ regulatory 13F Form filed on 02/14/2020. William Nygren’s 13F portfolio value increased ~10%...
Shares of German automakers BMW (OTC: BAMXF) (OTC: BMWYY) , Mercedes-Benz parent Daimler (OTC: DMLRY) , and Volkswagen (OTC: VWAGY) were all under heavy selling pressure at midday on Monday, as investors contemplate the growing likelihood that auto production in E...
STUTTGART, Germany , March 13, 2020 /PRNewswire/ -- Annual Meeting will not take place on April 1 due to Corona pandemic Priority placed on health of shareholders, employees, guests and service providers After weighing all aspects, especially the health of all pa...
German automakers' stocks are on the move on Friday morning, rebounding as investors continue to come to grips with the impact of the novel coronavirus pandemic on manufacturers. As of 10 a.m. EDT, shares of BMW AG (OTC: BAMXF) (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY) were up ...
Shares of German automaker BMW AG (OTC: BAMXF) (OTC: BMWYY) were down sharply on Thursday afternoon after the company's German-listed shares were hammered by growing concerns around the novel coronavirus in Europe. As of 2:30 p.m. EDT, BMW's American depositary receipts were down about 10...
The novel coronavirus "SARS-Cov-2" and the associated pulmonary disease "COVID-19" continue to dominate market movements and led to one of the most bizarre jojo months I have ever witnessed on the stock markets. Daily swings of several hundred to a thousand points in the Dow have become the ne...
CES 2020 takeaways: Change to a human-oriented perspective The key phrase that penetrated CES 2020, opened under the theme of "a new era of growth driven by disruptive changes in technology," was "human-centered vision." In the past, what caught the most attention was innovation-based tech...
STUTTGART, Germany , Feb. 20, 2020 /PRNewswire/ -- The Board of Directors and the Supervisory Board of Daimler AG and Mercedes-Benz AG optimize Mercedes-Benz Cars' development, operation and finance area by realigning the Company's organizational structure. This reorganiz...