Archive for the ‘Mercedes’ Category

Daimler Cuts Earnings Estimates as Outlook Gets Tougher

Mercedes-Benz Cars saw earnings slip, driving new forecast.

by on Oct.19, 2018

Sales of the Mercedes-Benz GLE are off this year as are other models, causing Daimler to revise its earnings forecast downward.

Daimler AG trimmed its earnings outlook for 2018, blaming the rising cost of fines and litigation over the emissions from the company’s diesel engines and a sharp reduction in the earnings by Mercedes-Benz Cars for the expected decline.

“The main factor is an increase in expected expenses in connection with ongoing governmental proceedings and measures in various regions with regard to Mercedes-Benz diesel vehicles,” said as the company revised its financial guidance.

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“Furthermore, against the backdrop of a recent ruling by the European Court of Justice, provisions have been recognized for the potential need to take action on certain vehicles still operating with the previously used refrigerant R134a,” the company said. (more…)

German Automakers Face 50:50 Chance of Collapse, VW CEO Warns

Herbert Diess warns battery-cars could cost jobs – and may not be as clean as promised.

by on Oct.16, 2018

VW boss Herbert Diess, left,helps unveil the VW BUDD-e and eGolf Touch electric concepts.

When the U.S. economy collapsed a decade ago two of the three Detroit-based automakers plunged into bankruptcy, surviving only with the help of a massive federal bailout – and that’s the fate that could be facing the German auto industry, as well, the CEO of Volkswagen warned today.

The country’s powerful auto industry faces a 50:50 chance of suffering the same fate that nearly destroyed Detroit’s Big Three manufacturers, Herbert Diess said during a supplier conference in Wolkfsburg VW’s home town.

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“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Diess, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.

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Next-Gen Mercedes GLE Hybrid Will Go 62 Miles Electric Only

If it hits the target, it would set a new benchmark.

by on Oct.12, 2018

For 2019, the GLE hybrid will travel 62 miles in electric-only mode as compared with 10 miles in the current model.

Mercedes-Benz’s push into electrified vehicles isn’t limited to its EQ line-up expected to debut next year some time, it’s looking to amp up many of its next-gen offerings of current vehicles, such as the GLE.

The next-generation of the GLE hybrid, which will be a 2020 model coming out next fall, will be able to travel 62 miles in electric-only mode, according to Automotive News Europe. The current hybrid travels just 10 miles on batteries only.

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Ola Kallenius, head of Daimler Group Research and Mercedes-Benz Car Development, told the publication that the move is to help meet increasingly stringent fuel economy and emissions standards around the world. (more…)

Germans Top Total Quality Awards – Again

Mercedes-Benz SL named #1 model in 2018 owner survey.

by on Oct.11, 2018

The Mercedes-Benz SL took the top honors in this year's Total Quality Awards, which were dominated by German automakers.

The Mercedes-Benz SL was the top-ranked vehicle in the annual Total Quality Awards, narrowly beating out last year’s winner, the Porsche Macan.

The awards are designed to measure not only conventional quality data, but also how owners click with their vehicles on an emotional level, according to Strategic Vision, the California-based research firm that pulls the study together. And the SL easily overwhelmed the competition with a mixture of real and perceived quality.

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“Mercedes-Benz is in a Renaissance period for the brand,” said Strategic Vision President Alexander Edwards. “With current innovative features and performance styling, Mercedes has clearly focused on answering the challenge of being a brand for our current generation of luxury buyers. Based on the voice of the consumers, Mercedes has unquestionably answered.” (more…)

Toyota Rated as Best Automotive Brand

Sixteen auto brands make Top 100 — GM and FCA brands not on the list.

by on Oct.11, 2018

Toyota was the top automotive brand in this year's Best Global Brands Top 100 list, taking seventh overall.

A quick poll of people asking what automaker is the best might net several folks saying “Tesla!” and while it does have a massive market cap, they’d be wrong. The best brand? Toyota.

According to Interbrand’s 2018 Best Global Brands report, Apple was the top company on the list with a valuation of $214 billion. Toyota was seventh on the list at $53 billion, which was up 6% over last year’s result.

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Overall, 15 automotive brands made the Top 100 list and while there aren’t really any surprises about what ones are on the list, those that are not on the list may be reason to take pause. None of the General Motors brands made this year’s list. The aforementioned Tesla did not make the list either. Nor did any of Fiat Chrysler’s brands. (more…)

Mercedes-Benz Readying to Launch New S-Class Hybrid

Third-gen model puts out more than 400 horsepower.

by on Oct.11, 2018

The third-generation Mercedes-Benz S 560 e is being readied for launch by the automaker.

Mercedes-Benz is preparing for the launch of the third generation of the new S 560 e plug-in hybrid sedan.

The modified components and the intelligent powertrain management in S 560 e new anticipatory functions give the customer enhanced electric performance and added convenience thanks to faster charging times.

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In the luxury sedan – available exclusively with a long wheelbase – the efficiency of the 9G-TRONIC plug-in-hybrid transmission and a new lithium-ion battery are good for an all-electric range of around 50 kilometers or about 30 miles.  (more…)

Mercedes-Benz Kicks Off GLE Production in Alabama

Automaker charging ahead on EV facilities.

by on Oct.09, 2018

Markus Schäfer, member of the Divisional Board of Management Mercedes-Benz Cars, and Jason Hoff, president and CEO of MBUSI, kick off GLE production in Alabama.

The first all-new Mercedes-Benz GLE, which is based on a completely new SUV platform, left the production lines in Tuscaloosa, Alabama, last week as the company also broke ground on a new battery plant near the site of the German automaker’s assembly plant in the southern U.S.

“The widely export oriented Mercedes-Benz plant in Tuscaloosa is a high-tech production facility with a successful history and an exciting future in terms of our brand in the United States,” said Markus Schaefer, head of Mercedes-Benz Cars, Production and Supply Chain, who was on hand for the ceremony attended.

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“We aim to play a pioneering role in the development of e-mobility and are well prepared to accomplish this mission,” he said. (more…)

Future of Alliance with Nissan/Renault the Big Question as Zetsche Prepares to End Role as Daimler CEO

Zetche and Nissan/Renault’s Ghosn insist there is more to come during Paris new conference.

by on Oct.03, 2018

Zetsche and Ghosn first met when the German exec was working at Freightliner and the Brazilian-born Ghosn worked for Michelin.

Since launching the first in a broad series of joint ventures nine years ago, Daimler AG and the Nissan/Renault/Mitsubishi Alliance have generated what they claim to be billions of dollars in “synergies” that have allowed them to expand their product lines and grow into new markets.

But in recent months, the future of that partnership has come under question. The last major new project was announced three years ago. And now, with Daimler Chief Executive Dieter Zetsche planning to relinquish the CEO title next year, that has raised new questions about whether his successor, Ola Kallenius, would keep the alliance going.

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“Without the chemistry between us, maybe this wouldn’t have happened,” said Zetsche, during a joint news conference with Nissan/Renault/Mitsubishi Alliance chief Carlos Ghosn. But considering the results the partnership has generated, “I don’t see from my perspective why the momentum in this relationship should change.”

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First Look: 2020 Mercedes-Benz GLE is More Luxurious – and More Capable

Mild hybrid system lets it hop out of trouble.

by on Oct.02, 2018

The 2020 Mercedes-Benz GLE hits the stage at the Paris Motor Show. The fourth-generation of the midsize luxury ute is loaded with convenience tech.

There are few things worse than finding yourself dug into sand and unable to move, but the 2020 Mercedes-Benz GLE will offer a novel way of getting out of that mess, literally hopping up and down until its wheels gain traction.

What the German automaker describes as “Free-Driving Mode” is just one of the new and sometimes novel features that will debut on its next-generation midsize sport-ute. Able to seat up to seven adults with an optional third row, the remake of the popular midsize SUV is both more luxurious and more capable, based on what was shown when the 2020 Mercedes GLE made its debut at the Paris Motor Show this morning. At least some of the credit goes to the new 48-volt mild-hybrid technology built into the GLE 450 on display at the show.

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Originally known as the Mercedes-Benz M-Class, the midsize model helped touch off one of the most dramatic transformations in the luxury automotive market when it debuted in the 1998 model-year. There were plenty of skeptics who questioned the idea of a high-line SUV but, today, conventional sport-utility vehicles and crossovers dominate the market, with even Aston Martin, Ferrari and Rolls-Royce set to join the club. (more…)

Smaller Paris Show Still Set to Deliver Big Product News

Audi, BMW, Mercedes among the headliners at Mondial de l’Automobile.

by on Oct.01, 2018

Audi is ready to take on the industry leader, Tesla, with the all-new e-tron, which will make its public debut at the Paris Motor Show.

It may be the City of Lights but things will be a little darker at the 2018 Mondial de l’Automobile. Otherwise known as the Paris Motor Show, it’s been hit by the same industry retrenchment that has hammered other major shows, including Detroit and Chicago during the last several years.

Among the manufacturers who’ll sit things out for 2018 are Ford, Infiniti, Mazda, Mitsubishi, Nissan, Opel, Subaru, Volkswagen and Volvo, as well as several Fiat Chrysler brands. And several other carmakers are expected to downsize their presence when the show begins with the annual two-day media preview on Tuesday.

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That said, it will just allow the spotlight to shine more brightly on those brands that have decided to stick with Paris this year. Among the most prominent previews on the docket will be debuts at the BMW, Mercedes-Benz and Ferrari stands. And while some of its Volkswagen Group siblings will be notably absent, Audi will retain a high-profile presence with three important public unveilings. (more…)