Archive for the ‘Daimler’ Category

Merkel Pressing German Automakers for Diesel Pollution Solution

Companies scrambling to find a cleaner diesel.

by on Sep.24, 2018

German Chancellor Angela Merkel, center, is pressing German automakers for a solution for cleaner diesels.

With driving bans aimed at diesel engines looming in several German cities, German Chancellor Angela Merkel is pressing German carmakers for help in coming up with ways to make vehicles cleaner while avoiding limits on traffic, averting a potential political crisis that could threaten her government.

The government, however, is yet to come up with a specific plan though it indicated some progress is being made after a high-level meeting in Berlin attended by Volkswagen AG CEO Herbert Diess, Daimler AG CEO Dieter Zetsche and BMW AG chief Harald Krüger, Finance Minister Olaf Scholz and Minister of Transport Andreas Scheuer also took part in the deliberations at the Chancellery, according to German press accounts

Global News!

Scheuer indicated carmakers rejected expensive hardware retrofits of diesel vehicles that had been suggested for vehicles from the emission class Euro 5. Reports from German regulators have described the retrofits as “technically feasible and economically justifiable.”  (more…)

Aston Martin Sketches Out its Future With Supercar Design Tease, IPO Plans

British marque hopes to repeat Ferrari’s success.

by on Sep.21, 2018

Aston has released a preliminary sketch of its third hypercar, the 003, which it hopes to have in production in 2021.

Aston Martin, the carmaker best known for its relationship with cinema spy 007, has laid out key details of its upcoming IPO while also releasing a preliminary sketch of the hypercar it’s calling 003 that it hopes will drive some of its future success.

Spun off by Ford Motor Co. in 2007, Aston struggled to avoid an eighth bankruptcy during the depths of the Great Recession, but its fortunes have skyrocketed over the last few years, a period coinciding with the arrival of CEO Andy Palmer and the subsequent commitment of hundreds of millions of dollars in new capital from its key investors.

The Last Word!

The IPO will go off next month on the London Stock Exchange, Palmer announced, declaring that it “will provide investors with a fitting opportunity to participate in our future success.”

(more…)

Daimler Invests Millions in Electric Busmaker Proterra

U.S.-based company expands Daimler's battery-electric capabilities.

by on Sep.20, 2018

Daimler Truck has invested millions in California-based electric busmaker Proterra to help with its battery-electric development.

Daimler Trucks & Buses agreed to put up part of a $155 million investment in an electric bus company founded and based in the United States.

Proterra Inc., with offices in California’s Silicon Valley, South Carolina and Los Angeles, announced it closed a $155 million investment round co-led by Daimler, the world’s largest manufacturer of commercial vehicles, and Tao Capital Partners.

Tech Talk!

Martin Daum, member of the Board of Management of Daimler AG with responsibility for Daimler Trucks & Buses, noted Proterra has emerged as a leader in the electric-bus business with more than 90 customers across the United States. (more…)

Daimler Truck Inks 6-Year Deal with UAW Workers

New deal includes raises and lump-sum payments.

by on Jul.30, 2018

Daimler Trucks North America reached a new six-year deal with its 6,000 hourly workers in the U.S.

Daimler AG and the United Auto Workers confirmed workers have approved a new six-year labor contract that covers more than 6,000 employees in the United States.

“Daimler Trucks North America is very pleased that UAW members at six of our U.S. manufacturing and distribution locations have voted to ratify new collective bargaining agreements,” Daimler AG said in a statement.

Union News!

“The agreements represent the continuation of a long and fruitful relationship between the UAW and DTNA, and we are proud to renew our partnership with them for another six years.” (more…)

Daimler AG Pushing Forward on Restructuring Plans

Company's move to split into three units provides more freedom.

by on Jul.26, 2018

Daimler AG is splitting into three separate entities to improve efficiency and profitability.

Daimler AG took another step toward a restructuring aimed at giving its three key operating units – cars, trucks and financial services – greater freedom and flexibility.

The plan approved by the company’s supervisory board this week creates three new operating companies while the parent company, Daimler AG, retains oversight and governance, according to the company’s announcement.

News You Can Trust!

“The new structure positions Daimler to tackle the rapid pace of change in the mobility sector and the corresponding strategic challenges. Legally independent divisions will sharpen our focus on the future success of the business.” Manfred Bischoff, chairman of the Supervisory Board of Daimler AG. (more…)

Detroit Auto Show Moving to June in 2020, Adding Major New Features

Sponsors aim to revive what's been North America’s leading car show.

by on Jul.23, 2018

Toyota Pres. Akio Toyota is shown here revealing the 2019 Camry during this year's NAIAS.

The North American International Auto Show will move from January to June in 2020, a new timeslot that organizers are betting will help revive the flagging momentum of what had long been one of the industry’s most important annual events.

The Detroit Auto Dealers Association had signaled its intention of abandoning its traditional, mid-winter schedule, though a switch to October was also under study. But that would have conflicted with other shows in Europe and Asia, the dealer group’s Executive Director Rod Alberts told TheDetroitBureau.com in an exclusive interview.

We Keep You In the Know!

In a background briefing ahead of today’s official announcement, Alberts said one of the advantages of a summer event is the ability to add new functions that expand beyond the confines of Detroit’s sprawling Cobo Hall convention center. “We realized we have to change the show (and) showcase Detroit, too,” said Alberts, who has been running the DADA for the past 28 years.

(more…)

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.

(more…)

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.

(more…)

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…)

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