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Posts Tagged ‘daimler news’

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…)

Mercedes Set to Lock Down US, Global Luxury Sales Lead

Victory comes four years early – but will it last?

by on Dec.09, 2016

Demand for the new Mercedes-Benz E-Class has helped the German maker capture the global luxury segment sales lead.

The struggle is paying off, or so says Daimler AG CEO Dieter Zetsche. The German maker of Mercedes-Benz is confident it will end the year as the world’s biggest and most profitable producer of luxury cars.

After slipping behind two key rivals for several years, Mercedes also seems well-positioned to capture the luxury sales crown in the U.S. market, at least if it can maintain the momentum it showed during the first 11 months of 2016.

By the Numbers!

Mercedes’s surge to the top was a key target for Zetsche, though he had originally been targeting 2020 to achieve that goal. “We will achieve it this year, four years ahead of time,” the executive, with his trademark handlebar moustache, boasted during an economic conference in Frankfurt.

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Daimler Slowly Integrating Fleet Management Acquisition

With Athlon purchase, Daimler becomes Europe's largest fleet management business.

by on Dec.09, 2016

Daimler's Dieter Zetsche said that the company would be growing its services businesses.

Daimler AG disclosed it will take another year to complete the integration of Athlon Car Lease International, which it acquired earlier this year, making the German automaker one of the largest managers of vehicle fleets Europe.

Daimler Financial Services has received regulatory approval for the acquisition of Athlon from De Lage Landen International Group, which belongs to Dutch Rabobank.

Global Auto News!

The company put up $1.2 billion to acquire Athlon, a leader in fleet management company across Europe, so Daimler Financial Services can expand the company’s “business mobility” services with Daimler Fleet Management. (more…)

Major Automakers Team Up on Ultra-Fast EV Charging Project

System could deliver 300+ miles range in 10 minutes.

by on Dec.01, 2016

A Level 4 charger could give a long-range vehicle a "fill-up" in 10 minutes or less.

Another barrier to electrification is about to fall, thanks to a new coalition pairing BMW, Daimler, Ford and the various Volkswagen AG brands.

The automakers have signed a preliminary agreement that would begin rolling out a network of ultra-fast electric vehicle charging stations across Europe – setting the stage for the adoption of similar Level 4 technology in the U.S., as well. The chargers will deliver 350 kilowatts of direct current, or roughly 2.5 times the jolt of the Superchargers Tesla is deploying across much of North America.

We Keep You Plugged In!

The new system would leapfrog other Level 3 chargers just beginning to come online in many parts of the world. More importantly, they would allow a vehicle like the new, 200-mile Chevrolet Bolt (or the European version sold through Opel) to get a full charge in 10 minutes or less.

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Second Daimler Plant to Yield 400% Increase in Battery Production

Factory will play critical role in launch of new Mercedes-EQ models.

by on Oct.24, 2016

Daimler's new plant will cost the maker about 500 million euros but quadruple battery output.

Daimler AG has broken ground in the German town of Kamenz for a second battery plant, a move that should yield a 400% increase in its capacity to produce lithium-ion packs for a wave of new electric vehicles now under development.

During last month’s Paris Motor Show, Daimler revealed the new Generation EQ concept vehicle, a production version of which will serve as the anchor of an all-new new sub-brand, Mercedes-EQ. The maker also revealed electrified versions of all the current Smart brand models.

Electrifying!

“By 2025, our passenger car product portfolio will contain more than ten fully electric vehicles,” said Thomas Weber, the Daimler board member overseeing R&D and Mercedes car development. “At the same time, we are continuously pushing our plug-in-hybrid offensive and the introduction of 48-volt-systems,” and the batteries that will be produced at the new plant, as well as the original factory in Kamenz, will become “an integral part” of that product roll-out.”

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