Archive for the ‘Daimler’ Category

Mercedes, Bosch Team to Launch Self-Driving Car Service

Set to debut in late 2019 in Silicon Valley.

by on Jul.11, 2018

Initially, Daimler will use the Mercedes-Benz S-Class sedan for the pilot ride-sharing project.

Mercedes-Benz is teaming up with German mega-supplier Bosch to launch a new ride-sharing service in Silicon Valley next year that will rely on self-driving vehicles.

The project marks the latest entry into the fast-expanding field that, by some estimates, could eventually account for as much as a quarter or more of the miles Americans travel by automobile. Other planning to launch ride-sharing services using self-driving vehicles include General Motors, Google spin-off Waymo and Uber, the country’s largest ride-sharing service.

Making Sense of the Brave New World!

While Mercedes’ parent Daimler AG is referring to the vehicles it will use as “automated shuttle(s),” customers will be able to ride in style. When the project initially gets underway during the second half of 2019, it will rely on modified versions of the luxurious S-Class Sedan. Eventually, the goal is to switch to a production version of the edgy Mercedes concept vehicle, the F 015.

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Daimler AG Lowers Earnings Guidance Due to Trade Tensions

Retaliatory measures in China and Europe has Daimler concerned.

by on Jun.26, 2018

Mercedes-Benz builds SUVs at its plant in Vance, Alabama, that are shipped to China. The tariffs on those are expected to rise, cutting sales.

The rising risk of a global trade war has prompted Daimler AG, the parent of Mercedes-Benz Cars, to reduce its earnings guidance for 2018.

Daimler said has “made a new assessment of the earnings” potential for the year 2018 and reduced its earnings guidance for the full year because of the uncertainty surrounding trade.

Trade News!

“From today’s perspective, the decisive factor is that, at Mercedes-Benz Cars, fewer than expected SUV sales and higher than expected costs – not completely passed on to the customers – must be assumed because of increased import tariffs for U.S. vehicles into the Chinese market,” Daimler said in its new guidance.  (more…)

You Can Own the Original Mercedes – or at Least a Good Copy

No price announced for Patent Motorwagen replica.

by on Jun.25, 2018

What was then DaimlerChrysler crafted 25 Patent Motorwagen replicas in 2001-2002.

Let’s face it: today’s cars are complicated. With their infotainment and advance driver assistance systems, heated and cooled massaging seats and computer-controlled turbo and hybrid powertrains, it can all get just a little overwhelming, especially if you’re a do-it-yourself sort of driver.

So, if you’re someone who wants to tinker on something reasonably simple, we just might have the perfect car for you. Just be aware that spare parts aren’t going to be easy to find.

Classis News!

Behold the 1886 Benz Patent Motorwagen, the three-wheeler most historians credit as being the first true automobile. Okay, what you’re looking at is an incredibly accurate 2002 replica, one of a handful that what was then known as DaimlerChrysler AG produced back in 2002. It’s up for sale, though the automaker’s classic car division has yet to reveal the price.

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Diesel Scandal Continues to Grow With New Daimler Recall

Company order to recall 238K vehicles in Germany.

by on Jun.14, 2018

Daimler AG's Dieter Zetsche attempted to assuage concerns of investors about diesel engines during the company's annual meeting.

The diesel cheating scandal is almost three years old, but it just seems to keep getting bigger.

Daimler AG has been hit by the German government with an order to recall 238,000 vehicles in Germany after they were identified has being equipped with illegal software that hide diesel emissions.

Global News!

In all, there are a total of 774,000 diesel vehicles across Europe, containing the so-called “defeat devices” software and Daimler indicated it would recall all of them Daimler said it would refit the software but denied any wrongdoing. (more…)

Parking Dispute Threatens Car Sharing in Toronto

Lack of parking means no spots to leave cars.

by on Jun.08, 2018

Car2Go bade farewell to its 80,000 users in Toronto because of a problem with securing parking spaces.

Car2Go, Daimler AG’s car sharing program, is threatening to shut down its growing operations in Toronto in a dispute over parking spaces in residential areas.

The Canadian Broadcasting Company reported Car2Go has thousands of residents of Toronto, who rely on its vehicles, upset over news that it may shut down after the Toronto city council delayed a pilot project that would have allowed the company to buy parking permits in residential areas.

We Keep You In the Know!

The council voted 30-2 to send the proposed pilot back for more study. If approved, it would have allowed the sale of some 2,000 parking permits to car-sharing companies, allowing their users to park vehicles in various downtown neighborhoods while exempting them from three-hour limits, according to the CBC.  (more…)

Freightliner Takes Aim at Tesla with Two Big EV Semis and a New E-Mobility Center

Daimler’s U.S. truck division will put first 30 into field tests this year.

by on Jun.07, 2018

The new Freightliner eCascadia and eM2 semis.

Freightliner, the U.S.-based truck subsidiary of Daimler AG, is taking direct aim at Tesla with the debut of two new battery-powered semis that it plans to begin fleet testing later this year.

The eCascadia and eM2 join a range of smaller delivery trucks that Freightliner and other Daimler truck brands have been rolling out over the last couple years. A number of major freight and delivery companies, ranging from UPS to PepsiCo, have expressed interest in the clean, fuel-efficient technology. That has drawn a number of vehicle manufacturers into the emerging field, including Volvo AB and Volkswagen AG, as well as Freightliner and Tesla.

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Daimler also plans to set up a new Automated Research and Development Center near Freightliner’s headquarters in Portland, as well as a new E-Mobility Group to help share technologies among its various truck brands.

“We are the undisputed global leader of the trucking industry and we intend to remain in that position with electric trucks and buses,” Daimler Trucks chief Martin Daum said in a statement.

That was echoed in a comment by Roger Nielsen, the president of Daimler Trucks North America, that took a clear shot at Tesla, a company that has not only never built a truck before but which has had major trouble meeting production targets and quality goals for its passenger vehicles. But it also underscored the fact that Daimler is taking Tesla’s imminent arrival in the truck market as seriously is it is the California company’s electric passenger car line-up.

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Mercedes Tooling Up French Plant to Take on Tesla Model 3

Compact EQA model will be one of 10 all-electric models coming by 2022.

by on May.18, 2018

The Mercedes-Benz Concept EQA made its debut at last autumn's Frankfurt Motor Show.

Daimler will invest 500 million euros, or $588 million, to tool up a plant in France that will produce an all-electric vehicle targeting the Tesla Model 3.

The German automaker has announced major plans for entering the battery-electric vehicle, or BEV, market. That includes products like the compact concept vehicle Mercedes-Benz revealed at the Frankfurt Motor Show last September.

News You Can Trust!

The French battery-car will be based on that EQA prototype. By 2022, the new Mercedes-EQ sub-brand will be selling 10 BEVs. That’s on top of the electrified models to be offered by Daimler’s Smart brand. (more…)

Daimler Profits Drop Double Digits Despite Car Sales

Strong results from Mercedes-Benz can't halt slide.

by on Apr.27, 2018

Daimler AG's Dieter Zetsche said that despite the drop in profits, the company was on track with its plans.

Daimler AG saw net income drop by double digits in the first quarter despite an increase in revenue in and record unit sales by Mercedes-Benz Cars.

The Daimler Group reported net profit for the first quarter of 2018 of 2.4 billion euros or 2.12 euros per share was 11% below the prior-year figure of 2.7 billion euros or 2.39 euros per share. First-quarter of earnings before interest and taxes of 3.335 billion euros was 13% below its prior-year EBIT of 3.8 billion euros.

Financial News!

“We are sustainably continuing along our profitable growth course and sold more vehicles in a first quarter than ever before,” said Dieter Zetsche, Daimler CEO and chairman of the board of management. (more…)

Geely’s Li Shufu Says Partnerships Key to Auto Success

Team up or get swallowed up.

by on Apr.17, 2018

Geely Chairman Li Khufu purchased 9.7% of Daimler AG for $9.2 billion.

Geely owner Li Shufu urged Daimler AG, in which he recently became one of the largest shareholders, to consider further strategic partnerships.

Global News!

Li Shufu, who is also the owner of Volvo, recently became a major shareholder of Daimler after acquiring a 9.69 % stake in the Stuttgart-based company. (more…)

Daimler Remains Committed to Diesel Engine Use

Shareholders express concerns about continued investment.

by on Apr.05, 2018

Daimler AG's Dieter Zetsche attempted to assuage concerns of investors about the future of diesel engines.

Daimler AG management insists the diesel engine has bright future, but the company’s shareholders are growing more skeptical and are raising questions about whether they should remain part of the company’s product portfolio in the face of stringent, new emission standards.

Shareholders, mainly representatives of investment funds holding shares of Daimler AG, raised questions about whether, in the aftermath of the scandal around the cheating on the emissions tests used by Volkswagen, it was wise for Daimler and Mercedes-Benz to continue investing in diesel technology.

Industry News!

The question, coming during a meeting in Germany from German shareholders, indicate how the fallout from the “Dieselgate” scandal continues to impact a technology that up until VW’s troubles emerged in 2015 was the pride of the German auto industry. (more…)

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