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Daimler AG Gobbles Up Another Mobile App Company

Latest acquisition folded into existing subsidiary.

by on Aug.10, 2017

Daimler AG acquired Familonet Gmbh as part of its expanding mobility efforts.

Daimler AG continues to expand its portfolio of mobility companies with the acquisition of Familonet Gmbh, a startup company from Hamburg, Germany, which has created an app with more than 2 million registered users.

Terms of the deal were not disclosed but the moovel Group, a subsidiary of Daimler AG, acquired 100% of Familonet. In addition, personnel from Familonet will become part of the moovel Group’s development team in Hamburg. Daimler noted it was interested not only in the firm’s registered in users, but also the talent behind firm’s app.

Tech News!

“The expertise and skills of Familonet are an ideal addition to the moovel development team at the Hamburg site. Both the geo-fencing technology and the team of developers with location expertise are a major win for moovel,” said Oliver Wahlen, chief technology officer of moovel Group. (more…)

German Authorities Investigating Collusion Among Automakers

Daimler, BMW and VW part of current probe.

by on Jul.26, 2017

German authorities are investigating Mercedes-Benz parent company, Daimler AG, over collusion charges.

A new scandal involving allegations of collusion by German automakers continues to deepen and to threaten the cooperation among companies scrambling to meet new competitive pressures.

It will affect not only from carmakers in Asia and North America but also tech companies looking for a larger piece of auto industry’s revenue.

Global Auto News!

Anti-trust regulators from the European Union and Germany are probing allegations that German automakers colluded in effort to evade regulations and anti-cartel regulations and edicts. (more…)

Mercedes-Benz Parent Daimler Recalling 3m Diesels to Fix Emissions Systems

Porsche CEO says maker may abandon diesel technology.

by on Jul.18, 2017

Mercedes decided not to offer diesel models, like this ML320 BlueTec, in the U.S. for 2017.

Daimler AG plans to spend about $255 million to recall and repair 3 million diesel vehicles that are at the center of a probe looking at whether the automaker rigged them to illegally pass emissions tests.

The automaker has been accused of using a so-called “defeat device,” an approach similar to that used by Volkswagen AG to rig 11 million diesel vehicles sold around the world. The Daimler recall, for now, is limited to models sold in Europe. But an investigation is underway in the U.S., as well, the Environmental Protection Agency stating it is “continuing to evaluate light-duty vehicles from a number of manufacturers.”

Clearing the Air!

Separately, the CEO of Porsche AG said the automaker is considering whether to halt the sale of diesels all together. Porsche shared one of the two rigged diesels produced by its parent Volkswagen in a number of different models.

(more…)

Daimler Accused of Selling More Than 1M Cars With Illegal Defeat Devices

Company's stock takes heavy hit as a result.

by on Jul.13, 2017

Daimler AG, Mercedes-Benz parent, stands accused of selling more than 1 million diesel-powered cars equipped with a cheating device.

Mercedes-Benz parent Daimler AG appears to be the latest automaker to face accusations of rigging vehicles with “defeat device” technology in order to illegally pass emissions tests, according to a major German newspaper.

The report, by the Sueddeutsche Zeitung, sent shares of the automakers skidding in European trading on Thursday, though several industry analysts now say they don’t expect the report – if accurate to trigger the sort of massive blow to Daimler that was felt by Volkswagen AG. VW has so far spent about $30 billion as a result of its own diesel emissions scandal, while also having to repair or buy back as many as 11 million vehicles.

Product News!

According to the report, vehicles with excess emissions were sold in Europe and the United States between 2008 and 2016. Notably, Mercedes chose to withdraw its diesel models from the U.S. market this year rather than trying to get their emissions certified. (more…)

Daimler and BAIC Motor Investing $735M to Boost Battery-Car Production in China

Investment targets world's largest EV market.

by on Jul.05, 2017

Daimler AG is partnering with BAIC to ramp up its electric vehicle production in China, which is pushing for more "new energy vehicles."

Daimler AG and BAIC Motor Corp., its Chinese joint venture partner, plan to invest the equivalent of $735 million to boost production of electric vehicles in China, part of the German carmaker’s broader push into electrified vehicles.

The move comes, at least in part, under pressure from the Chinese government which is pushing automakers to shift from traditional gasoline engines to battery power to help reduce the country’s endemic smog problems.

Global Auto News!

China is already the world’s single-largest market for plug-based vehicles, passing the United States two years ago. And, “By 2025, the Chinese market will have a substantial share in global sales of Mercedes-Benz electric vehicles,” said management board member Hubertus Troska in a statement issued by Daimler on Wednesday. (more…)

Mercedes New Russian Plant: Start of Change?

Most automakers cut ties to market, although Ford pondering expansion.

by on Jun.20, 2017

Daimler and Russian officials show off the model for the new Mercedes-Benz plant just outside Moscow.

As many automakers have been running away from the Russian auto market, a few others are moving into to expand their foothold in their absence. Daimler AG began construction of a new Mercedes-Benz plant near Moscow: the first new investment by a major foreign automaker in years.

The German maker is investing nearly $280 million into the new factory to build new Mercedes E-Class sedans starting in 2019 with the luxury brand’s GL class sport utility vehicles following afterward.

News You Can Trust!

“Establishing a passenger car production in Russia is a strategic investment in an important sales market for Mercedes-Benz. We are extending our local footprint and, at the same time, strengthening our global competitiveness,” said Markus Schäfer, member of the Divisonal Board of Mercedes-Benz Cars, Production and Supply Chain, during the groundbreaking ceremony. (more…)

83 and Counting, Mercedes Flooding Market with New Models

New small cars, electric vehicles among those heading to market.

by on Jun.16, 2017

The 2018 Mercedes-Benz E400 Coupe.

A handful of reporters got the chance to check out the newest addition to the Mercedes-Benz line-up this week, slaloming through the winding mountain roads north of Vancouver, British Columbia in the 2018 E-400 Coupe. But even as the media drive was underway, Mercedes confirmed yet another version of the midsize mainstay was on its way, the completely redesigned E-Class Cabriolet.

By the time both the E-Class coupe and convertible reach showrooms in the coming months, Mercedes will have a whopping 83 different products on sale in the U.S., and there are a number of additional products available for buyers abroad that don’t make it to the States, such as the little A-Class line and the big R-Class people-mover.

The Last Word!

But Mercedes isn’t about to relax. If anything, it is ramping up its product assault with an array of offerings now in various stages of development, including its first pickup and an assortment of battery-electric vehicles, or BEVs, that will be sold through a new sub-brand, Mercedes-EQ.

(more…)

Toyota Pulls Plug on Long-Standing Relationship with Tesla

Japanese makers sells off its remaining shares of battery-carmaker.

by on Jun.05, 2017

Toyota is ramping up its own electric vehicle program instead of relying on former partner Tesla.

Toyota revealed over the weekend that it had sold off all of its remaining shares in Tesla Inc., the Silicon Valley-based battery-electric automaker, ending what had once been seen as a promising tie-up.

The move – which, it turns out, was completed by the end of 2016 – comes as Toyota ramps up its own, tenuous electric vehicle program, shifting some of its resources away from its long-standing hydrogen fuel-cell program.

News You Can Trust!

“Our development partnership with Tesla ended a while ago, and since there has not been any new developments on that front, we decided it was time to sell the remaining stake,” Toyota spokesman Ryo Sakai told the Reuters news service, adding that the move was part of a periodic review of investments. (more…)

Daimler, BAIC Ink Deal to Produce EVs in China

German maker to invest in plant to expand production.

by on Jun.02, 2017

Daimler's China chief, Hubertus Troska, will oversee the new deal with BAIC to increase EV production in China.

Daimler AG and its principal Chinese partner BAIC Group inked a deal to invest in the Mercedes-Benz plant in China to increase production of electric vehicles there.

Hubertus Troska, member of the Board of Management of Daimler AG, responsible for Greater China, and Xu Heyi, chairman of the BAIC Group attended the signing ceremony held in Berlin, as did German Chancellor Angela Merkel and Chinese Premier Li Keqiang.

Global Auto News!

The agreement focuses on two significant actions. First, Daimler will acquire a minority share in Beijing Electric Vehicle Co., Ltd. (BJEV), a subsidiary of the BAIC Group or collaborate with BAIC in the NEV sector. (more…)

Daimler Spends $1.15B Building Two EV Battery Plants

German vehicle maker readying two plants to make batteries.

by on May.23, 2017

German Chancellor Angela Merkel examines some of the technology that will be used at Daimler's new EV battery plant.

With investments in electric vehicles and batteries continuing to climb in the industrial world, Germany’s Daimler AG has broken ground for a new 500-million-euro battery factory near Dresden that is being described as one of the largest and most modern plants of its kind in the world.

“The automotive industry is facing a fundamental transformation and we see ourselves as the driving force behind this change,” said Daimler CEO Dieter Zetsche.

Tech News!

“The battery factory in Kamenz is an important component in the implementation of our electric offensive. By 2022, we will have more than ten purely electric passenger cars in series. We also continue to drive forward the hybridization of our fleet. Under the EQ brand, we are creating a holistic ecosystem for e-mobility,” said Zetsche, who was accompanied to the ground-breaking ceremony by German Chancellor Angela Merkel. (more…)