Daimler to rein in investments after EVs prompt surge

Zetsche: “The range of investments is an extreme challenge."

By:

Nicholas Brautlecht and Elisabeth Behrmann

October 12, 2016 05:00 AM

HAMBURG, Germany -- Daimler AG will scale back investments in plants, equipment and new technology from a peak this year stemming in part from its creation of the EQ electric-car subbrand, amid a push to maintain profitability.

Featured Stories

Why steel and aluminum tariffs are keeping auto suppliers up at night

Wall Street titan Bill Ackman makes big bet on Hertz becoming tariff winner

Dealership buy-sell database updates: Top 150 groups among buyers, sellers in deals across 6 states

Toyota weighs building more RAV4s in the U.S. in response to tariffs, report says

Latest News

Daily 5 report for April 18: The insidious troubles with metals tariffs; Hertz stock surge could signal rising used-car values

How Baxter Auto Group trained service technicians to keep the AC inside

Porsche, Audi issue 2 recalls covering more than 50,000 U.S. vehicles

Ally feels strong in the face of tariff uncertainty

Staying current is easy with newsletters delivered straight to your inbox.

See More in Manufacturing

Daily 5 report for April 18: The insidious troubles with metals tariffs; Hertz stock surge could signal rising used-car values

Top 5 Canadian auto stories this week: Mazda’s tariff moves; Honda’s Canada commitment; more

Top 5 stories of the week: Dispute over tariff costs among GM suppliers threatens pickups

Why steel and aluminum tariffs are keeping auto suppliers up at night

Staying current is easy with newsletters delivered straight to your inbox.