|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||66.35 - 66.90|
|52 Week Range||50.64 - 80.97|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||6.77|
|Forward Dividend & Yield||4.50 (7.68%)|
|1y Target Est||70.56|
Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.
Daimler is looking to make 6 billion euros (£5.2 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Daimler is looking to make 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Car2go, the free-floating car-sharing service owned by Daimler, temporarilyshut down its service in Chicago on Wednesday after dozens of Mercedes-Benzvehicles were stolen using the app
First off, he confirmed that it will produce about 420 horsepower, with the number varying depending on U.S. and European units of power. This powerhouse of an engine will be bolted up to an eight-speed dual-clutch transmission, rather than the seven-speed unit used in the A 35 and CLA 35. Additionally, Moers said the all-wheel-drive system is different to the 35 series of cars, though he didn't say specifically how.
Car2Go launched in Chicago in the summer of 2018, with 400 Daimler cars rolled out on the Windy City streets soon after. CBS Chicago is reporting that some of the missing cars have been used to commit crimes. It is yet unclear what the hacking has exactly enabled the perps to do, but the compromised app appears to have opened the doors and given the thieves free rein with easily stolen cars.
German car parts maker Continental and French rival Valeo have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia's patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia's patents essential to car communications.
At the press conference, Britta Seeger, Daimler board member in charge of Mercedes-Benz sales, updated the gathered media, speaking vaguely about the company's plans, which include 10 new electric models in the pipeline. Then, even more interestingly, Seeger confirmed the coming of an electric version called the EQB, with a launch in 2021. At the time, we speculated that the vehicle would be called the EQB, and now we have confirmation.
After two generations and 12 years of wearing the same hard-edged blocky aesthetic that helped establish Mercedes-Benz in the seven-seater segment, the GLS debuted at the 2019 New York Auto Show with a softer, curvier, and more elegant presence. According to Mercedes, its EQ Boost technology is capable of additionally providing up to 21 horsepower and 184 lb-ft of torque for short bursts of time. EQ Boost is an integrated starter generator and a 48-volt onboard electrical system.
Mercedes-Benz proudly claims it birthed the automobile on Jan. 29, 1886, when Carl Benz applied for a patent for a "vehicle powered by a gas engine." The three-wheeled car first made its appearance in July 1886, and an era of fossil-fueled mobility began. Now, 133 years later, Benz is ready to mark the beginning of a new electric-powered era with a special edition of its upcoming battery-powered SUV. This is the EQC 1886 Edition.
Russian businessman Oleg Deripaska said he was ready to give up control of GAZ after sanctions against the van maker began to bite and as Western partners, such as Germany's Daimler , stopped doing business with the company. Sanctions against GAZ, Russia's biggest van maker, have not yet taken full effect due to licenses for extensions issued by Washington, but are impacting the company, Deripaska said.
German automaker Daimler said it hopes Mercedes-Benz will restart production of its Sprinter Classic vehicles in the near future at the site of sanctioned van maker GAZ, which is controlled by Russian ...
The Mercedes-Benz CLA was a bold move for the big German luxury brand when it launched six years ago with a shockingly low starting price of just under $30,000. Back then, Mercedes was more about spendy sleds like the S-Class than youth-friendly offerings, which led purists to grouse that an affordable entry model could squander the brand's hard-earned cachet. The argument wasn't helped by early concerns about interior build quality: was the cheap starter Benz destined to cheapen the brand?
Sila Nanotechnologies and its battery materials manufacturing technology arenow worth more than $1 billion
Mercedes-AMG only put a 4.0-liter twin-turbo V8 in the GLC compact SUV less than two years ago, and has made steady design changes to the line ever since. This year is no different, the entire AMG-touched GLC lineup getting the aesthetic tweaks revealed on the standard GLC at last month's Geneva Motor Show. The Affalterbach division wants to trumpet that the GLC 63 S Coupe - the hottest version in the range - lapped the Nürburgring in an officially notarized 7.49.369 minutes.
Germany's Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media. Daimler said in a statement on Tuesday that the dealership in Xi'an city in the northwestern province of Shaanxi had reached an agreement with the customer and was investigating its customer service and business operations, and had suspended the franchise in the meantime. It made no further comment about the move, which came after a video emerged on Chinese social media showing an unhappy Chinese customer protesting at a dealership, and which also prompted a critical response from regulators.
Daimler's China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world's biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach. Demand is more than 600 a month," Daimler's China chief Hubertus Troska told reporters at the Shanghai Auto Show. China's move to lower value added tax will help boost overall demand for cars for the rest of the year, Troska added.
SHANGHAI (Reuters) - Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker's CEO said on Tuesday. Dieter Zetsche made the ...
Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker's CEO said on Tuesday. Dieter Zetsche made the comments at a press conference ...
Zetsche at an event in Shanghai on Monday unveiled what he called a concept for a compact Mercedes GLB with seating for seven and rugged off-road tires. Zetsche said the GLB would not remain a concept for long, and promised the unveiling of a production version by this summer.
Mercedes-Benz debuted the Concept GLA at Auto Shanghai 2013 and the Concept GLC Coupe two years later. What's good for those svelte geese has got to be good for this chunky gander known as the Concept GLB, which will slot between the aforementioned high-riders. As with those previous two reveals, this "concept" previews the near-production version of the coming GLB crossover that "places emphasis on spaciousness with robust character." Emphasis on the robust, in fact - a word Mercedes used eight times in the press release.