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The Big Three aren't the only ones having a tough time of it. The German auto industry is in crisis too. Sales in Germany have crashed to their lowest level since 1990, so automakers are halting production and shutting down factories to save money. BMW and Daimler have seen their stock plunge 25 percent and are doling out "extended vacations" to employees. Even Volkswagen, which has a strong product line generally regarded as best suited for surviving the crisis, has extended the Christmas break by five days to cut costs. read more »
After a long wait, Maybach 62 S Landaulet will actually take shape has the Daimler is intending to take it to the production level. It is an open-air version of the ultra-luxury 62 S sedan that was first shown in November.
The global head of sales for Mercedes , Klaus Mair, has said, Maybach hopes the Landaulet will help draw more attention to the brand. Technically speaking, the Landaulet is powered by the upgraded V12 engine that Maybach engineers developed for the Maybach 57 S and Maybach 62 S . Thanks to twin turbochargers and water intercooling, the V12 develops a maximum output of 612 hp and 738 pound-feet of torque. Roll over for more images and also to know its estimated price tag.. Although the company is uncertain about howmany of them will be created, they have surety from anxious customers who are ready to buy it at 800,000 euros ($1.2 million) each. read more »
We were very interested in the Mercedes ConceptFASCINATION's navigation and Internet radio system, called MyComand. PM spoke to Dr. Ralf Herrtwich of Daimler about the system here at the L.A. Auto show.
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Luxury hybrid vehicles don't resonate well with me. Fuel efficient luxury vehicles might help develop technology, but they are going to have little effect on global warming or foreign oil dependency. Still, for the technology development, I do at least partially advocate for these hybrids. read more »
At a recent conference in Leipzig, Mercedes-Benz executives took a moment to underscore the company's ongoing commitment to road safety and climate protection. According to Dr Thomas Weber, Daimler AG Board of Management member responsible for Group Research and Development Mercedes-Benz Cars: "We will not let up in our long-standing quest to make motoring even safer and further reduce the number of road accidents. We afford and will continue to afford equal importance to safety and climate protection." As an example, Weber then went on to speak briefly about the 2010 Mercedes E-Class, noting that "the new E-Class will be the safest car in this market segment and, at the same time, consume far less fuel than its predecessor thanks to new engines, intelligent energy management and a raft of other measures." In total, the new 2010 E-Class will feature roughly a dozen new or improved driver assistance systems, including ATTENTION ASSIST, Adaptive Highbeam Assistant and PRE-SAFE brake, with the ultimate goal being to avoid accidents before they occur and in the event they do, significantly lessen their severity.
Lewis Hamilton was the special guest at the traditional final event of the Mercedes-Benz motorsport season in Germany recently.The Vodafone McLaren Mercedes driver and formula one world champion starred at the Stars & Cars Day in Stuttgart, which was attended by 72,000 Daimler employees and motor sport fans.World Boxing champion Vitali Klitschko was among the [...]
If you make prestige products that come with a hefty price tag, you might well be feeling a bit nervous at the moment. Here in Britain you can buy a great big fully loaded three-year-old Mercedes luxobarge for the price of a bag of sugar. Horrific residuals are a part of an unfolding story that looks set to get worse in 2009.
What do you do if you're a bit typecast with product that isn't all that fashionable in credit crunched and energy cost conscious times? In Munich and Stuttgart they have long known that they need to have a strategy in case the market moves away from large, high-margin premium cars. Make hay while the sun shines, but have a plan for when it doesn't and don't have all your eggs in the premium car basket. There are other tricks to perform that can act as a kind of hedging for when bad times come. read more »
We knew worldwide sales at the Mercedes-Benz Cars division were going to be down in October; the question was how much were they going be down. Today we have our answer, as Daimler is reporting that worldwide sale of the Mercedes-Benz, Maybach and smart brands decreased 18.1 percent last month to 93,800 new units (compared to 114,600 units in October 2007). Despite the substantial drop, Mercedes-Benz Cars did manage to maintain a slight improvement in its year-to-date total, with the division noting sales of 1,073,700 new units ? a 1.6 percent increase over 2007's 10-month ytd total. Individually, things were even worse at Mercedes-Benz, with the luxury division noting sales of 82,500 new units in October ? down 20.6 percent when compared to the prior year. Year-to-date figures at Mercedes are also down, with the brand achieving sales of 960,300 new units ? a 1.7 percent decline from 2007.
Things must be getting pretty serious when major rivals sit down to discuss combining forces in procurment. But there are signals coming out of Germany suggesting that BMW and Daimler are doing just that. The idea is that they max out on scale economies (and maybe screw suppliers' prices down) on universal/commodity parts that don't impact branding. Bigger volume equals lower unit cost. There's no official statement yet, so maybe an agreement has not yet been finalised. Some suppliers may well view this development with a little concern.
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