|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||55.02 - 55.57|
|52 Week Range||50.64 - 70.39|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||5.60|
|Forward Dividend & Yield||3.64 (6.70%)|
|1y Target Est||73.51|
Today on Autocomplete: Jaguar's XJ is dead starting in July, Daimler is making it rain on Level 4 autonomous truck development and Google added speed limits and camera locations to Maps. Get the latest news at www.TheRoadshow.com ? Subscribe & hit the Bell for more Roadshow videos Visit us online at http://www.TheRoadshow.com Twitter @roadshow : https://www.twitter.com/Roadshow IG @RoadshowAutos : https://www.instagram.com/RoadshowAutos Facebook: https://www.facebook.com/RoadshowAutos/ ? Don’t miss our next video! Hit the Bell #Jaguar, #Daimler, #GoogleMaps, #AutonomousTechnologyGroup, _____ AC19STACK
is proving why it's one of the leaders in the autonomous driving movement. As Nvidia CEO Jensen Huang explained on a media conference call on Tuesday, the deal is the company's first end-to-end A.I. development, simulation and in-car partnership.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Volkswagen AG’s plan to list its truck division later this month will test whether it can pull off a feat that was once unthinkable for the German automotive giant: get smaller.For decades, the world’s biggest carmaker only knew how to expand -- adding Bentley luxury cruisers, Ducati racing bikes and Scania heavy trucks while taking its network of factories well past the 100 mark and its headcount over 640,000.Even in the face of the debilitating diesel-cheating scandal in 2015, the manufacturer didn’t trim its portfolio, bolstering investment in electric cars instead and even creating a new division for mobility services.Now with the pace of change in the auto industry quickening, Volkswagen is trying its hand at trimming the empire.If the listing of a minority stake in Traton SE -- a truck and bus maker with three vehicle brands and valued at as much as 16.5 billion euros ($18.5 billion)-- goes well, it would give Chief Executive Officer Herbert Diess more sway to balance the often diverging interests of VW shareholders including the Porsche and Piech owner family, Lower Saxony and powerful labor unions.Healthy Valuation“Traton’s IPO pricing suggests a healthy valuation which puts a spotlight on VW’s significant sum-of-its-parts disconnect,” RBC Capital Markets analyst Tom Narayan said in a note. Concerns over the company’s ability to switch to electric vehicles is “unfairly” weighing on its share price, the analyst said.Volkswagen rose 0.2% to 141.42 euros at 11:46 a.m. in Frankfurt trading, taking gains this year to 1.8%.For now, Diess is seeking deeper technology partnerships and the possible sale of assets like transmission maker Renk AG and MAN Energy Solutions, which develops engines. A successful Traton listing, targeted for June 28, could even spark rival Daimler AG to follow suit with a carve-out of its own truck business.The truck group comprises three main assets, Scania, MAN and Volkswagen-branded budget trucks sold in South America and Africa, as well as a unit offering digital services to fleet operators. With 29 production and assembly sites globally, the business last year sold 223,000 vehicles. While that’s 14% more than a year earlier, it’s less than half of Daimler’s truck division, the world’s biggest.Volkswagen is offering 50 million Traton shares at 27 euros to 33 euros apiece, plus a possible over-allotment of 7.5 million shares, meaning at the top end of the price range, the sale would raise as much as 1.9 billion euros. Here are the key points in one of the biggest initial public offerings in Europe this year:Sales PitchTraton is looking to woo investors by combining the best-in-class technology and strong margins of the Scania unit with the prospect of a turnaround at MAN and growth potential in key markets, according to company presentations and research from advising banks seen by Bloomberg.The plan includes the following four pillars:StrengthsChief Executive Officer Andreas Renschler, 61, is the mastermind behind Traton. After helping to establish Daimler’s commercial vehicles business as the world’s largest, he was lured to Volkswagen in 2014. Despite the partly overlapping operations, he’s improved earnings over the past four years, mainly by enforcing closer cooperation between long-standing rivals Scania and MAN. Investor interest in Traton will largely be a bet on Renschler’s veteran skills to deliver in the cyclical truck market.The timing of the listing, which was delayed earlier this year, is complicated by global volatility. The window may be as good as it gets. Rival Volvo Group -- the main pure-play competitor -- has gained 26% this year.“It’s no secret that the market environment is very volatile,” VW Chief Financial Officer Frank Witter told reporters on Monday. “It’s not ideal, but it’s not bad either.”VW remains open to sell more Traton stock at a later stage, up to a maximum stake of 24.9%, if market conditions are supportive, he said.WeaknessesTraton has only small bridgeheads in the key North American and Chinese markets, and the prospects for expanding those positions face obstacles.In North America -- the truck industry’s largest profit pool -- Traton merely owns a 16.8% shareholding in Navistar International Corp., which doesn’t it allow it to do much. Lifting the stake will cost money and add complexity. Meanwhile, Navistar still faces fierce competition from market leaders -- Daimler’s Freightliner, Volvo’s Mack and Paccar Inc.While Daimler and Volvo have functioning production joint ventures in China, the world’s biggest truck market, Traton’s cooperation with Sinotruk Hong Kong Ltd., where its holds a 25% stake through MAN, has yet to deliver the hoped-for results.Alliances can fall short of aspirations to create economies of scale, with the recent tensions at the Renault-Nissan Alliance a fresh reminder of the difficulties in uniting separate cultures. Traton also has a cooperation with Hino Motors Ltd., a Toyota Group company, on electric technology, product development and purchasing.MAN has long attempted a turnaround, but improvements have been tepid compared to an aggressive restructuring at Volvo that doubled margins within roughly three years. MAN’s production footprint in high-cost Germany and a lineup that includes less-profitable medium-duty trucks limits the potential for improvement.(Updates with CFO comment in 14th paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Chris Reiter, Elisabeth BehrmannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Mercedes-Benz G-Class is turning 40. The first 1979 models were available with as little power as 72 hp, or as much as 156: even if the biggest engine more than doubled the available power, there really wasn't much of it.
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course. The differences between firms such as Qualcomm and Nokia and vehicle manufacturers like BMW and Daimler over patent terms raises the prospect of legal challenges and antitrust suits, which have emerged in other industries that depend on access to technology. In May, a U.S. court told Qualcomm to overhaul its business practices for illegally suppressing competition in the smartphone chip market by threatening to cut off supplies and extracting excessive licensing fees.
Mercedes-Benz and AMG have reputations for building some of the most luxurious and highest-performance vehicles on the planet. With the G-Wagon and Unimog in its historic arsenal, Mercedes-Benz knows just as well how to have adventures beyond the pavement as it does on the track. Russian tuner TopCar has acknowledged this background with its latest project and is building its own interpretation of an adventure crossover based on the GLE coupe.
What a tough year it's been for Tesla (NASDAQ:TSLA). Unlike many stocks so far in 2019 or the overall markets in general, Tesla topped out in January and has been struggling ever since. While the Nasdaq is up 18.5% year to date, TSLA stock is down 35%. Is the move an overreaction or is the decline just getting started?Source: Shutterstock Through the first quarter, it was tough run for Tesla. But the charts didn't start to really break down until April. For years, Tesla bulls have seen shares rebound higher each time they test down into range support near $250 (we'll get to the levels in a moment). When that support gave way though, a flood of selling hit the stock.Lower-than-expected Q1 deliveries and no profitability suddenly sent investors into a panic. Will it continue or is TSLA stock set to stabilize?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading TSLA Stock Click to EnlargeOn the one-year daily chart above, only two marks really matter: range support and channel support.Labeled "1" above, channel support had buoyed TSLA stock as it continued to trend lower. Channel resistance teamed with various moving averages to squeeze Tesla down. This downward channel took hold in December and was in play until May when the bottom finally fell out.Lasting longer than the downtrend, though, was range support, marked on the chart with a blue box, it's been in place for years. On the chart, you can see it give a lift to TSLA stock in Q3 and Q4 2018, as well as in March 2019. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Action in May, though, was the most telling (purple arrow). TSLA stock broke below range support and on the ensuing rebound, acted as resistance to the stock. That was alarming for longs and gave investors the only signal they really needed in Tesla stock at the time. InvestorPlace readers were prepared for that possibility and hopefully bulls were able to dodge plenty of heartache as a result.So what now?TSLA stock lost channel support, but reclaimed that mark this week. It also hurdled the 20-day moving average. Those are two bullish developments, but Tesla still has a long way to go before being a solid buy-the-dips candidate.The real game changer could be the fall-out from yesterday's shareholder meeting. Shares were up almost 2.5% in premarket trading at 6:15 a.m. EDT today.As it looks like investors are seeing a positive takeaway, sending the shares higher. In this case, there are two levels to watch. First is the 50-day moving average at ~$237. Above that, and channel resistance and prior range support near $250 will be on the table. Bottom Line on Tesla StockSo what do we make of this volatile name -- is it a buy or a sell? Above $207 and it's hard to be a seller of Tesla stock from a trading perspective. Below that area and it's hard to be long. But that said, investors should wait to see how the stock reacts to the shareholder meeting. * 7 Stocks to Buy As They Hit 52-Week Lows For longer-term investors looking at Tesla, being realistic is the most important thing to consider. There's little question that Tesla makes some of the best electric vehicles in the world. They're fast, sexy and have a long driving distance. The company has built out a Supercharger Network, has mass production of electric vehicles and has multiple vehicles to choose from.In short, no other company has achieved what Tesla has done and even the products coming to market today come up short. That's everyone from BMW, Porsche, Mercedes via Daimler (OTCMKTS:DDAIF), General Motors (NYSE:GM), Ford (NYSE:F) and others.The problem is that Tesla hasn't be consistent. The bottom line swings erratically, as does the company's cash flow. Further, CEO Elon Musk continues to tweet material information that gets him in trouble with the SEC. The company's execution is questionable as well.In short, our confidence in Tesla is just too thin. Even as its vehicles, autonomous technology and long-term potential all look promising. In short, let's see if the shareholder meeting gives the stock some mojo or if saps any bullish momentum that the stock has. Then we can go from there.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post Tesla Stock Still Has Plenty To Prove On The Charts appeared first on InvestorPlace.
The 2020 Mercedes-Benz GLB 250, the only trim of the GLB-Class available for now, has finally been revealed. And in the Edition 1 trim shown above, it looks virtually identical to the concept shown a few months ago.
Investors afraid the trade war could bring on the next recession, and that bond prices are already signaling a downturn, may find safety in an odd place: the trucking industry.
Mercedes-Benz and Audi are both stepping into the production electric vehicle (EV) category in the United States in the next year, and they are both doing so, initially with an SUV – the 2020 EQC and the 2020 E-Tron, respectively. This is all the more important because both brands are producing vehicles that launch new sub-brands (EQ and E-Tron.) Though these vehicles differ slightly in size and price, the brands' approach to designing these vehicles is very similar.
A stomp of the accelerator, and the 2020 Mercedes-AMG GLC 63 S roared ahead, flinging us past the other car. With a flick of the steering wheel, we snapped back into our lane, barely halfway to the next corner. Few crossovers can effectively maximize passing zones like the AMG-fettled GLC, and its blistering acceleration is in another world compared to the response of the typical crossovers that fill our nation's freeways and parking lots.
Though we have only seen glimpses of the cars, the Mercedes-AMG CLA 45, GLA 45 and A 45's new engine has been fully revealed, and is starting production. It will be available in two versions, a base one with 382 horsepower and 354 pound-feet of torque, and an S version making 416 horsepower and 369 pound-feet of torque.
In the past, the AMG formula was simple: Stick a big, powerful engine under the hood, sharpen the steering and suspension, and warm over the styling with some big wheels and subtle trim. A trip to Northern California with the 2019 Mercedes-AMG E 53 sedan, coupe and cabriolet shows that although things have changed quite a bit since Daimler took control of AMG in 1999, at least one thing remains very much the same: most AMGs are powered by one sweetheart of an engine.
First, the good: Mercedes-AMG has just introduced the CLA 35 Shooting Brake. It has the same turbocharged 2.0-liter four-cylinder engine making 302 horsepower and 295 pound-feet of torque as the regular CLA 35, mated to a seven-speed dual-clutch automatic that sends all that power to all four wheels. Looking beyond the scorching paint, there's a lot to like about the CLA 35 Shooting Brake's design.
The UK mag suspects that four-door coupe is due next year with a production version of the high-powered hybrid powertrain that debuted on the GT Concept at the 2017 Geneva Motor Show. The production version is expected with a 4.0-liter twin-turbo V8 with an electric motor on the front axle and a potential 805 hp and 738 pound-feet of torque.
The 2020 Mercedes-Benz GLB-Class has made many appearances in spy photos before, but this is the first time we've been able to see down to the paint on a prototype. The soft organic lines of modern Mercedes cars and the GLB concept have clearly made it to production, as there doesn't appear to be a single crease or sharp line on the car. In fact, this is probably the boxiest Mercedes this side of a G-Class.
FRANKFURT/DETROIT (Reuters) - Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters. Renault and Nissan Motor Co, which have been in an alliance since 1999 designed to share vehicle components, have only managed to use common vehicle platforms in 35% of Nissan's products despite an original target of 70%, according to Morgan Stanley.
Brabus tends to do some bonkers stuff to Mercedes, and now the tuner company has a version of the AMG GT 4-Door. It's based off the AMG GT 63 S 4Matic, and is simply called the Brabus 800. The name comes from the amount of horsepower coming out of the 4.0-liter twin-turbo V8 engine.
Daimler Trucks is creating a global organization focused on putting automated trucks on the road over the next decade. The Autonomous Technology Group will be in charge of building an automated roadmap for the trucks, as well as setting up the appropriate operations infrastructure and network. The new initiative comes right after Daimler announced a $570 million investment into automated trucks at CES in Las Vegas back in January.
When we first drove the new 2019 Mercedes-Benz A-Class, one thing was clear: it was a substantially better vehicle than the CLA and GLA that would be sold alongside it for the near future. Well, we've now driven the new CLA class, and the logical conclusion seems to be the right one.
FRANKFURT (Reuters) - Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh ...