Daimler AG (DAI)

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Daimler AG Profile

Daimler AG (DAI.xetr) is a German multinational automotive engineering corporation headquartered in Baden-Württemberg, Germany. Daimler AG is mainly owned by Tenaciou3 Prospect Investment Limited, Kuwait's Sovereign Savings Fund, and Chinese investor Li Shufu. The company is one of the world's leading car and truck manufacturers. Having suffered a loss of €6B (EUR) on its revenue and half a million drop in sold vehicles, Daimler AG has implemented a series of strict recovery measures. Such measures include the termination of most of its Mercedes-Benz and Maybach production and a 10,000 layoff since 2019. Daimler AG (DAI.xetr) is traded as a constituent of the DAX Index on the Frankfurt Stock Exchange (FWB), and its current market cap is €75.19B (EUR). Daimler AG announced an investment of more than $47B (USD) between 2022 and 2030 to develop full-electric vehicles and be ready for an all-electric car market. Daimler AG (DAI.xetr) expects full-electric and hybrid-electric cars to make up 50% of sales by 2025.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 16650

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