Archive for the ‘Luxury Vehicles’ Category

Audi Again Delaying Launch of E-Tron Electric SUV

Software problems blamed, but automaker also faces push for higher battery prices.

by on Oct.22, 2018

Audi was ready to take on the industry leader, Tesla, with the all-new e-tron, which will be delayed four weeks.

Audi will delay the launch of its first long-range electric vehicle, the e-tron, by about four weeks, the automaker confirmed, due to a software problem.

It would be the latest in a series of problems that repeatedly pushed back the unveiling of the e-tron, which Audi finally unveiled in mid-September. The German automaker had initially hoped to reveal the electric SUV earlier in the year, ahead of archrival Mercedes-Benz, which revealed its own battery-powered ute, the EQC two weeks earlier.

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According to a report by the Reuters news service, Audi blamed a “software development issue,” the automaker needing to receive regulatory approval after modifying some of the code used to control the electric vehicle’s drivetrain. (more…)

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…)

BMW Officially Pulls Wraps Off Flagship X7 SUV

“Hey, BMW.”

by on Oct.17, 2018

The new 2019 BMW X7 is ready to take on whatever Mother Nature sends its way.

BMW has been dropping plenty of big hints in recent months as it prepared to launch an all-new flagship. And now, we’re finally getting a look at the production version of the 2019 X7.

As the name might suggest, you can think of the big ute as the SUV counterpoint to the Bavarian brand’s traditional flagship, the 7-Series. And it reflects the massive shift in the global luxury market as highline buyers by the millions switch from sedans and coupes to SUVs and CUVs, mirroring what’s happened in mainstream segments.

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The 2019 BMW X7 is more than just a stretched version of the familiar X5. It’s not only nine inches longer but loaded with the sort of luxury features you’d expect on a 7-Series – or the also-new 8-Series. It also introduces BMWs new voice assistant infotainment system which, like Amazon’s Alexa, is always listening for its wake words, “Hey, BMW.” (more…)

First Drive: 2019 Volvo S60

Stylish, sporty and, of course, loaded with the latest safety features.

by on Oct.15, 2018

The 2019 Volvo S60 R-Design features a 400-hp plug-in hybrid drivetrain.

It wasn’t all that long ago that we began to wonder if the Swedish auto industry was headed for Valhalla. After all, the long-troubled Saab brand collapsed during the global economic downturn at the beginning of the decade, despite several rescue attempts.

And, after struggling to turn things around at Volvo, Ford decided to sell that brand off to the Chinese. What seemed like a questionable move turned into salvation as Volvo’s new owner, Zhejiang Geely, decided to pump billions of dollars into the development of an all-new product design and a radical shift in direction on the powertrain front.

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With Geely’s support, in fact, few brands have done more to transform their image than Volvo. Long known for safe but boring wagons and sedans, the Swedish automaker now offers one of the freshest and sexiest line-ups in the near and mid-luxury market, and the all-new 2019 Volvo S60 is the latest, welcome addition to the model mix. (more…)

US-China Trade War May Cost BMW $600M Next Year

Automaker's SUV exports cut off due to tariffs.

by on Oct.15, 2018

An early version of the 2019 X5 rolls down the BMW assembly line in Spartanburg, SC. The plant isn't shipping utes to China and that could cost the company big.

BMW expects its earnings to drop by almost $600 million next year if the trade war between the U.S. and China remains frozen in place, the German automaker’s CFO Nicolas Peter said during an interview with Automobilwoche, one of Germany’s leading automotive magazines.

Tariffs between the United States and China have cut exports of sport-utility vehicles from its U.S. plant in Spartanburg, South Carolina, to China, resulting in a hit to earnings of just below 300 million euros, Peter said, according to an extract of an article.

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“If the tariffs remain in 2019, it could have a full-year impact of half a billion euros,” Peter added.  (more…)

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…)

Tesla Sales Surge Past Mercedes; But Loss of Fed Tax Credits Could Hit Future Demand

Orders placed before 10/15 will be delivered in time to collect $7,500 giveback, Tesla says.

by on Oct.12, 2018

Tesla is quickly approaching the 200,000 vehicle limit that ends the $7,500 federal government tax incentive for EV buyers.

With its manufacturing problems largely overcome, Tesla sales have been booming in recent months, the California battery-carmaker delivering more cars in the U.S. than luxury mainstay Mercedes-Benz in the most recent quarter.

But whether Tesla can maintain that momentum is uncertain, especially with federal tax incentives of as much as $7,500 about to go away, even as a flood of new, long-range electric alternatives come to market, complete with those tax credits.

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Tesla is advising potential buyers that they will have only until the end of Monday, Oct. 15, to place a an order for one of its new vehicles and be sure of getting the $7,500 federal incentive. Starting in January, the credits will be halved. They will be cut again mid-year, and then vanish entirely under the revised U.S. tax law passed by Congress last December. (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…)

Volvo Scrambles as Trump Tariffs Shatter Export Plans for New U.S. Plant

China market closed, “I need to find a substitute," says US CEO.

by on Oct.10, 2018

Volvo's new plant near Charleston, S.C., is churning out new S60s. It will add the XC90 in 2021.

Volvo’s plans for its first-ever American assembly plant have been thrown into turmoil as a result of Pres. Donald Trump’s trade war with China, something that will result in fewer auto exports from the South Carolina factory, potentially impacting hiring plans, the automaker’s U.S. CEO told bingdb.info.

Volvo initially planned to use the Charleston facility as its global source for the all-new S60 sedan, while also producing some of its popular XC90 crossovers. Fully half of the assembly plant’s production was earmarked for China and other overseas markets, noted Anders Gustafson. But the administration’s escalating trade war has resulted in China boosting tariffs on American-made vehicles and parts from 25% to 40%, even as it reduces duties on auto imports from other trade partners to 15%.

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“Now, we cannot export to China” because the S60 would be priced out of the market, Gustafson, the president and CEO of Volvo Car USA, said during an interview near Los Angeles, where the company was offering journalists a first drive of the S60. “In this segment, you can’t raise prices because of competitiveness.” (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…)

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