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Posts Tagged ‘daimler news’

A Quarter of Miles Driven by 2030 Could Be in Driverless Battery-Cars

Self-driving tech coming to market sooner than expected.

by on Apr.10, 2017

A fully driverless version of this Waymo Chrysler Pacifica Hybrid could soon be a common sight.

Both Daimler and Ford plan to have their first fully driverless cars in production by 2025, far sooner than many might have expected just a few years ago. Meanwhile, after a slow start, a new generation of longer range, more affordable battery-cars are just starting to come to market.

By pairing those two technologies, automakers and ride-sharing companies could radically transform the way Americans travel, predicts a new study by the Boston Consulting Group. It predicts that fully a quarter of the miles Americans clock on the road will, by 2025, be driven inside fully driverless battery vehicles operated by ride-sharing services such as Uber and Lyft.

“When you take shared vehicles, electrified powertrains suddenly make sense, and it becomes even more practical at this level of autonomy,” said Justin Rose, one of the Chicago-based co-authors of the new BCG study.

Tech News!

The consulting firm isn’t the first to predict a bright future for autonomous vehicles operated by ride-sharing services. Travis Kalanick, the CEO of Uber, has long argued that driverless vehicles will lower the cost of his service to the point it will be cheaper than owning a car. Lyft co-CEO John Zimmerman last year forecast privately owned vehicles will all but vanish from major urban centers within a decade.

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Daimler, Bosch Team Up to Launch Robo-Cabs by 2021

Level 5 system will target ride-sharing services.

by on Apr.04, 2017

The Mercedes-Benz F 015 concept is one example of what a luxury robo-cab might look like.

Daimler AG, the parent of Mercedes-Benz, says it is teaming up with mega-supplier Bosch to develop a driverless car the partners plan to put on the road by 2021.

The announcement follow new that Daimler had struck a deal with Uber, the ride-sharing giant that hopes to significantly lower its operating costs by fielding fleets of driverless vehicles. It also comes a day after a new study was released by Navigant Research naming Daimler one of the leaders in the fast-emerging field of autonomous driving.

The Future is Now!

“The prime objective of the project is to achieve the production-ready development of a driving system which will allow cars to drive fully autonomously in the city,” said a statement announcing the new Daimler-Bosch partnership. “The idea behind it is that the vehicle will come to the driver, not the other way around.”

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Despite Trump Pressure, Daimler Not Expanding US Production

Zetsche said Germany will remain "backbone" of manufacturing.

by on Mar.30, 2017

Daimler executives said that despite pressure from President Donald Trump, the company will not be adding to is production footprint in the U.S.

At this point, Daimler AG has no plans to expand its production capacity in the United States, executives said during the course of the company’s annual shareholders meeting in Berlin.

Since even before taking office in January, President Donald Trump has been leaning on automakers, both domestic and foreign, to build more vehicles in the U.S.

We Go Beyond the Headlines!

Trump was barely mentioned during the Daimler meeting. One shareholder suggested that the company set up a fund to help defend the European Union from Trump. But Manfred Bischoff, chairman of the Daimler Supervisory Board, said the measure could not be taken up at the meeting because it had not submitted prior to the meeting. (more…)

Zetsche: Daimler Preparing to Meet Different Challenges

CEO says company's financial strength key to flexibility.

by on Mar.29, 2017

Daimler's Dieter Zetsche said the company is using its financial strength to meet the often contradictory challenges it faces.

Daimler AG continues to use its financial strength to push innovation as it faces the multifaceted challenges that often seem to be pulling the auto industry in opposite directions, the company’s top executive told the company’s shareholders at the automaker’s annual meeting in Berlin.

“We demonstrated once again in 2016: The combination of financial strength and innovativeness is stronger than ever at Daimler,” said Daimler CEO Dieter Zetsche.

Auto News!

“At the same time, we initiated the biggest transformation in our company history last year,” Zetsche said as Daimler is developing further from a position of strength for the next generation of customers, employees and shareholders. (more…)

Valmet Building Mercedes Next-Gen Small Cars in Finland

Valmet currently building Mercedes GLC, A-Class already.

by on Mar.23, 2017

Mercedes plans to build its next-gen small car on the same line as the GLC and the A-Class by Valmet Automotive in Finland.

Mercedes-Benz plans to expand its ties to Valmet Automotive, the Finnish company that has built electrified vehicles for companies such as Think and Fisker as well as sports cars for Porsche. It also builds the A-Class and GLC at the plant.

Daimler AG, the parent company of Mercedes-Benz, announced this week that Valmet will produce the next generation of compact cars at its plant in Uusikaupunki, Finland. The Finnish company has been building the other Mercedes vehicles at the site since 2013.

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“We are convinced that the next generation of Mercedes-Benz compact cars continues on its road to success,” said Markus Schäfer, member of the Divisional Board Mercedes-Benz Cars, Production and Supply Chain Management, in a statement. (more…)

China Epicenter of New Development in Car Industry

Zetsche says push for EVs, size of market make country crucial.

by on Mar.21, 2017

Daimler Chairman Dieter Zetsche said the company plans to build and sell the newly unveiled EQ brand of electric vehicles in China.

China will likely serve as the stage where the auto industry’s future plays out in the years to come, two key executives from Daimler AG told a Beijing Forum organized to discuss the future of the Chinese economy.

“The automotive industry is experiencing fundamental change: connectivity, autonomous driving, sharing and electric mobility. Each of these has the power to turn our entire industry upside down. And I truly believe: China can be ‘the turbo’ of this transformation,” Daimler AG CEO Dieter Zetsche told the forum as he outlined some of the key trends re-shaping the auto industry.

Global Auto News!

“Electric mobility, for instance, is developing quickly here. And we are aiming to further contribute to this development by planning to produce our new generation of electric Mercedes-Benz models also in China. We are committed to delivering innovation and believe to have a common target with our partners: a both sustainable and highly fascinating auto industry in China,” Zetsche noted. (more…)

Daimler Invests Millions in Financing App

Automakers looking for more ways to make buying experience quicker, easier.

by on Feb.14, 2017

Daimler AG is investing millions into AutoGravity, an auto financing and leasing app for smartphones.

Daimler AG announced it plans invest several million euros into California-based AutoGravity, a smartphone-based vehicle leasing and financing app.

The investment by Daimler is described as part of company’s effort push to build a digital platform for financial services that will appeal to younger consumers who bank and pay bills, using smart phones.

Tech News!

AutoGravity is not quite two years old, but its already been deployed in more than 40 states with a phone app that allow buyers to find tailored buying and leasing offers.  (more…)

Record Sales for Mercedes Mean Big Profits for Daimler

But outlook is cautious for 2017.

by on Feb.02, 2017

Daimler Chairman Dieter Zetsche with a concept version of the Generation-EQ battery-car.

With Mercedes-Benz capturing the crown as the world’s best-selling luxury car brand last year, parent Daimler AG now has another reason to celebrate.

The German company saw its fourth-quarter net earnings surge by 18%, to 2.2 billion euros, or $2.4 billion, up from 1.9 billion euros the year before. For the full year, Daimler reported a profit of 8.7 billion euros, or $9.4 billion, a slight year-over-year improvement.

By the Numbers!

The upturn demonstrated that Daimler is on track as it broadens its scope with new technologies and new lines of business, declared CEO Dieter Zetsche. “Those who wish to shape the future of the automobile at the forefront of the automotive industry need both financial strength and innovative skill,” Zetsche said in a statement. “In 2016, we demonstrated that the combination of these two factors at Daimler is stronger now than ever before.”

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Daimler Drives Deeper into Car-, Ride-Sharing

German maker’s Mercedes brand ties up with Uber, Car2Go.

by on Jan.31, 2017

A subscriber orders a car through the Uber app.

Use the ride-sharing app on your smartphone and you’re likely to have a driver pull up in some basic econobox. Sign up for one of the car-sharing services and you’ll usually find a similarly no-frills model waiting as you rent by the hour.

But Mercedes-Benz wants to take things a bit upscale as it announces new deals with Uber, the largest American ride-sharing service, and short-term rental company Car2Go.

Product News!

Automakers from around the world have been rushing to find new ways to expand into new mobility services ventures. General Motors, for one, went so far as to invest $500 million into Uber’s prime competitor, Lyft, last year. But the new Mercedes-Benz deals could give reason for upscale motorists to try out ride and car-sharing alternatives.

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Daimler Acquires Mobile Payment Firm

German company gains foothold in competitive market.

by on Jan.18, 2017

Bodo Uebber, a Daimler board member, says "Mercedes pay" is a fundamental part of the company's digitization strategy.

Daimler Financial Services AG has announced it plans to acquire the electronic payment services provider PayCash Europe SA. The move is a sign of the increasing competition among makers looking for ways to allow users of mobility services, such as ride-sharing, car-sharing, etc. to pay for those services.

With a new foothold in the ePayment business, Daimler AG is preparing to its own electronic payment services provider under the “Mercedes pay” brand name. Terms of the acquisition by Daimler Financial Services AG were not disclosed.

Mobility News!

However, the acquisition signals an intensification of the fight for digital payment services by automakers, which see it as a crucial element of expanding transportation services such as ride sharing. (more…)