Daimler AG To Axe Sterling Trucks In North America, Cut 3,500 Jobs

Those eying the Ram-based Sterling Bullet » 10/14/08 2:45pm 10/14/08 2:45pm should act quickly. Sterling's parent company, Daimler AG, has decided to axe the medium-sized commercial truck brand effective March, 2009. Sterling Trucks, formerly Ford's heavy duty truck line, failed to meet the expectations of Daimler's North American truck division. The…

Daimler Buying Back Shares, Still Won't Buy Back That Sportcoupé

Daimler has opted to purchase back 10% of its own stock at a total price of around $9 billion. They were actually in the process of buying back said stock when the markets went all funky, but have decided it's a good time to restart the process. This is another sign that Daimler's at least trying to get a more firm… » 6/17/08 5:00pm 6/17/08 5:00pm

Fuel-Cell Company to Sell Auto Fuel-Cell Business

Ballard Power Systems Inc. has been at the forefront of hydrogen fuel-cell technology, which means that the company has done a lot of research but hasn't made real money. Said one research analyst, the automotive fuel-cell sector has been a "black hole" for cash. The company tried to set themselves up to be the… » 11/06/07 11:15am 11/06/07 11:15am