Tag: daimler

By on September 15, 2020

Daimler has officially agreed to pay $2.2 billion as a resolution to the United States’ diesel emissions cheating investigation and over 250,000 claims from Mercedes-Benz customers. The automaker stated that it was likely going to settle in August, estimating a need to set aside roughly $1.5 billion to appease U.S. authorities. Another $700 million was earmarked for civil suits, with the company assuming millions more would be needed to fulfill the requirements of the various settlements.

Court documents shared by Reuters show the company agreeing to pay 250,000 owners up to $3,290 each on vehicles that exceed regulatory emissions standards through the use of emissions cheating software. It also decided against opposing spending $83.4 million in attorney fees and expenses for the owners’ legal representation  something Volkswagen called “unwarranted” in a similarly sized suit where the attorneys were only asking for $59 million. However, VW’s emission woes have remained obnoxiously persistent since 2015 and have cost it well over $40 billion.

By contrast, Daimler is getting off with a slap on the wrist by settling for just a couple billion smackers. Although the likelihood of further criminal action remains relatively high in both the United States and Europe. Keep in mind that it took prosecutors nearly five years just to get this far and governments around the globe are disavowing diesel vehicles as if they appeared in a group photo on Jeffrey Epstein’s private island. (Read More…)

By on September 9, 2020

The Mercedes-Benz E-Class is receiving a series of updates for 2021 — including some new engine options, styling adjustments, and the obligatory infotainment updates. There’s even a new lifted version called the E450 4Matic All-Terrain that’s clearly targeting fancy alternatives to the Subaru Outback (e.g. the Audi A6 Allroad).

Unfortunately, these enhancements have raised the price of the E-Class slightly. The base model E350 now starts at $55,300 (including destination), which seems a lot to ask for a 2.0-liter turbo making 255 horsepower and 273 lb-ft of torque. That’d be a juicier package inside one of Mercedes’ smaller products and opting in to an all-wheel-drive 4Matic brings the price $57,800 before you’ve even had a whiff of the 3.0-liter inline-six. But you do get Daimler’s updated MBUX software across the range and a longer list of interior material choices and styles. Though our readers seemed to really hate the interior found in the new S-Class and we’re doubting you’ll be any fonder of the wavy lines found inside the refreshed E-Class family, even if they’re not drastically different from what was available beforehand.

(Read More…)

By on September 2, 2020

The S-Class has always been the sparkling sapphire in Daimler’s crown. The model has historically offered unparalleled luxury and cutting-edge tech that gradually trickles down to the rest of the lineup. It also shows off what Mercedes-Benz is capable of when, running on all cylinders, it sets out to make the best car money can buy without crossing over into obscene extravagance. In this respect, the 2021 S-Class seems to deliver as it always does.

A little larger than its predecessor, the next incarnation of Mercedes’ finest comes in at 208.2 inches long, 76.9 inches wide and 59.2 inches tall. Its extended wheelbase and short overhangs gives it the impression of a smaller vehicle from afar, however. While the manufacturer happily suggests this allowed for an overall increase in the cabin airiness, Daimler admits the model’s technology is what’s supposed to get one salivating — and it did its utmost to make sure it’s omnipresent. (Read More…)

By on August 28, 2020

Mercedes-Benz S-Klasse Cabriolet; A 217; 2018 - Image: Mercedes-Benz

Long rumored to be on the chopping block, the Mercedes-Benz S-Class coupe and cabriolet are now confirmed to be heading into their last year of existence.

The automaker confirmed the death sentence for these luxuriously large two-doors in its 2021 model year rundown, sealing the fate of yet another coupe and drop-top in the increasingly SUV-centric global auto landscape. Niche models, to be sure, but the impending loss is made all the more painful by the fact that Benz’s biggest coupe is pillarless. (Read More…)

By on August 25, 2020

Frequently on the cutting edges of technology, the automotive industry has been slamming chips into vehicles to facilitate communications ever since General Motors launched OnStar back in 1996. This evolved into cars boasting reliable navigation systems and remote vehicle diagnostics until they literally started becoming mobile internet hot spots.

Now the industry wants to further ingrain connectivity by equipping all vehicles with 5G — opening the road for new features and the ability to harvest your personal data more effectively.

This has required deals with tech chip manufacturers like Qualcomm, which requires companies to sign a patent license agreement before actually selling any of its hardware or software. But regulators around the globe worried the practice may be monopolistic, violating antitrust laws. The Federal Trade Commission (FTC) brought a case against the business in 2017. Despite winning that case in 2019, a U.S. appeals court overturned the decision earlier this month, deciding Qualcomm could continue conducting business as usual. Now, tech companies (mainly Qualcomm rivals) and a gaggle of automakers are urging the FTC to seek an appeal following the loss. (Read More…)

By on August 24, 2020

Daimler AG

Mercedes-Benz’s Sprinter commercial van has worn several badges, but come the end of next year, there’ll be only one. As the automaker works to slim down its sprawling global lineup, the lesser-known Freightliner variant will cease production.

Manufactured via knock-down kits in South Carolina, the Freightliner van, like Dodges of yore, will fade to black, but Sprinters will remain in the M-B stable. (Read More…)

By on August 13, 2020

Daimler reached an agreement this week to settle U.S. proceedings related to an investigation into software that’s presumed to cheat diesel emissions tests. While not an admission of guilt, it’s going to cost the company a sizable $1.5 billion  which is a lot to spend on a simple misunderstanding.

After Volkswagen Group admitted to using engine management software designed to falsify emission testing data, there has been a target panted on the back of every other company operating within the auto industry. If VW could get away with such shenanigans for years, there’s reason to believe other carmakers may have engaged in similar behaviors. (Read More…)

By on July 23, 2020

Mercedes-Benz parent company Daimler reported its second-quarter earnings Thursday, revealing a net loss of nearly 2 billion euros and a revenue drop of more than 12 billion euros. Thanks, coronavirus.

While the red ink spilling from Daimler’s balance sheet is cause for concern, the automaker put on a happy face, regarding this year’s financial blows as mere setbacks. The company expects pre-tax earnings to return to the positive side of the scale by the end of the year. To help grow future profits, the Mercedes-Benz brand plans to turn its focus to the toniest of products. (Read More…)

By on July 17, 2020

Image: Daimler AG

Domestic automakers have largely rid their North American facilities of sedans, so why shouldn’t foreign manufacturers? That’s what Mercedes-Benz parent Daimler plans to do after announcing a second-quarter loss of $1.9 billion.

While the quarterly loss was less than analysts expected, financial and sales pressures brought on by the coronavirus pandemic has led the automaker to cull car production on this side of the pond. (Read More…)

By on July 8, 2020

Daimler plans to turn up the volume on cost-cutting measures due to operating losses in the second quarter that haven’t officially manifested. CEO Ola Källenius believes the damage caused by the pandemic response will be too severe to proceed with business as usual for the rest of 2020. At the company’s annual meeting, held Wednesday, the CEO told shareholders to anticipate additional measures to protect profits.

“Our previous efficiency goals covered the upcoming transformation, but not a global recession. That’s why we are further sharpening our course,” Källenius said, noting that the company is currently in talks with labor representatives. Considering the automaker enacted a plan bent on reducing its workforce by at least 10,000 to save an estimated €1.4 billion ($1.6 billion) by 2022, we doubt those discussions are super cordial.  (Read More…)

By on May 28, 2020

With the next S-Class leaking more than a screen door on a submarine, Mercedes-Benz seems to have given up trying to obfuscate its design.

With its freshly un-camouflaged sedan having been shared less than a month ago, the German automaker dropped a teaser image that effectively confirms the leak was the real deal.  (Read More…)

By on May 6, 2020

Mercedes-Benz is nixing its all-electric EQ hatchback, according to R&D boss Markus Schäfer. Instead, it’s going to play a GLA-sized EQA crossover as its next hand.

Speaking with Autocar, Schäfer basically said it was a question of market demand. The EQC has already been delayed until at least 2021 for U.S. customers, though we’ve heard talk that its suspension could prove indefinite as the brand reassesses what should — and shouldn’t — be included in its future lineup. “We have to watch customer demand and, at the moment, SUVs and crossovers are the absolute favorites. Those are our first priorities,” Mercedes’ R&D head explained.

It’s only the latest chapter in a complicated story about an industry that’s constantly having to rethink how it handles electric cars.  (Read More…)

By on April 29, 2020

Amid steep drops in operating profit and a dismal sales outlook, both Volkswagen and Mercedes-Benz parent Daimler are appealing to the state in a bid to generate sales demand.

Both automakers appealed to the German government for assistance on Wednesday, Reuters reports, ahead of a meeting of auto industry leaders. With vehicle production making up a big part of Germany’s GDP, the shutdowns enacted to slow the spread of COVID-19 has left the sector hurting. That pain is expected to last through 2020. (Read More…)

By on March 18, 2020

2019 Ford F150 Lariat FX4 blue oval badge

The European marketplace is shutting down, and with it the manufacturing base of many automakers. Ford, Toyota, and BMW have now announced temporary suspensions of production at plants across the continent — a measure that’s starting to be seen in North America. (Read More…)

By on March 4, 2020

Still in the midst of a $1.4-billion restructuring plan that aims to cut 10 percent of its workforce, Mercedes-Benz is reconsidering what its product lineup should look like moving ahead. While most of the doomed models will be chosen due to lackluster demand (e.g. X-Class pickup) plenty will be nixed as a result of tightening emission laws. Mercedes parent Daimler issued two profit warnings in 2019 after the luxury brand was fined $960 million in an emissions-cheating settlement. Like many automakers, it was also hemorrhaging cash through its investments in electrification.

An apt analogy for the automotive industry’s stampede toward EVs would be lemmings hurling themselves off a seaside cliff — but not because of the popular misconception that the critters are intentionally committing mass suicide. When lemmings collectively off themselves, it’s the result of migratory behavior gone awry. They simply bunch up and move in a singular direction, largely unaware of the consequences.  (Read More…)

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