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FRANKFURT: German luxury carmaker Daimler on Thursday said it plans to double sales of its Maybach-branded Mercedes-Benz vehicles, after selling 12,000 vehicles last year. Daimler unveiled its new flagship vehicle, which is based on a Mercedes-Benz S-Class limousine, and which retails starting at US$173,000 but can quickly add up to more than US$250,000 once options like US$3,200 silver champagne flutes are added. Daimler plans to make a range of Maybach models, including fully electric variants, Chief Executive Ola Kaellenius said during a virtual presentation of the car. (Reporting by Edward Taylor; Editing by Riham Alkousaa) … [Read more...] about Daimler to double sales of Mercedes-Benz Maybach vehicles

FRANKFURT: Daimler's Chief Executive said China will remain Mercedes-Benz's biggest growth market in the next decade and the German carmaker will adjust production locations to capture shifts in demand as global trade tensions continue to rise. The remarks by Ola Kaellenius come against a backdrop of increasingly strained relations between the United States, China and Europe after almost a decade of growth that has helped Mercedes to emerge as the world’s biggest-selling luxury car brand. "The situation has become much rougher, with a tendency toward rougher talks, right up to and including trade conflicts," Kaellenius told the Frankfurt-based ICFW Journalists association late on Monday (Oct 19). "We need to look at our production footprint and where it makes sense, shift our production," he said during the video call meeting. "Last year we sold around 700,000 passenger cars in China. The next biggest market is the US with between 320,000 and 330,000 cars." Thanks in large … [Read more...] about Daimler chief eyes China growth as trade tensions rise

FRANKFURT: Carmaker Daimler on Thursday (Oct 15) posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September. Third-quarter earnings before interest and tax reached €3.07 billion (US$3.59 billion), Daimler said, beating the 2.14 billion Refinitiv forecast. It said it expected the positive momentum to continue in the fourth quarter, assuming there are no further coronavirus lockdowns. The COVID-19 pandemic had led to a slump in sales, pushing the company to operating losses in the first and second quarters. To counter losses, Daimler's Mercedes-Benz has stopped building sedans in the United States to focus on more profitable SUVs, combined its fuel cell development with Volvo Trucks, and halted an automated development alliance with BMW BMWG.DE. Earlier this month, Daimler said it will cut fixed costs, capex and research and development spending at Mercedes-Benz by more than 20 per cent by 2025 as part of a … [Read more...] about Daimler posts forecast-beating third-quarter results as recovery takes hold

FRANKFURT: German carmaker Daimler on Tuesday said it will pay German employees a 1,000 euros "corona bonus" to help compensate for personal and economic burdens such as having to wear a mask and working from home. "Due to Corona, 2020 was a particularly challenging year. During this extraordinary time the company could always count on the flexibility and willingness of our workforce," Daimler's personnel chief Wilfried Porth said in a statement. Around 160,000 employees in Germany are eligible for the bonus, the Stuttgart-based carmaker, which also owns the Mercedes-Benz brand, said. (Reporting by Edward Taylor, editing by Louise Heavens) … [Read more...] about Daimler awards 1,000 euro ‘corona bonus’ to German employees

close Video Test drive: 2021 Genesis GV80 The 2021 Genesis GV80 is the brand's first SUV and packed with luxury and tech, according to Fox News Autos Editor Gary Gastelu. It’s a strange thing to get into a vehicle that one of the most famous people in the world just wrecked . Not the actual damaged vehicle, but one just like it. I was at the hospital for a routine visit when news broke that Tiger Woods was in another hospital on the other side of the country with serious injuries after rolling off a California road in a Genesis GV80 , the same model that was sitting in the garage waiting to take me home. Based on preliminary evidence , the accident wasn’t due to any fault of the GV80’s, but chalked up to Woods driving carelessly on a tricky road as he was rushing to work. Nevertheless, it put the vehicle in a somewhat different light as I retrieved it from the garage and headed off to continue my evaluation of what had all of a sudden become … [Read more...] about Test drive: The 2021 Genesis GV80 is ready for its unexpected fame

close Video Test drive: Land Rover Defender Fox News Autos Editor Gary Gastelu gets down and dirty with the all-new Land Rover Defender The new Land Rover Defender is on the offense. (Land Rover) The first vehicle to carry the name in the U.S. since 1997 is a thoroughly modern machine that’s very different than recent retro reboots like the Mercedes-Benz G-Class and the upcoming Ford Bronco . Unlike the original Defender, which was a body-on-frame truck with solid axles that was sold in other countries through 2016 , the new one features an aluminum unibody and fully independent suspension. That doesn’t mean it’s gone soft, even if its standard air springs are. The midsize premium SUV was engineered for extreme off-road duty. (Note: We tested a 2020 model due to its late availability, but the 2021 version is identical.) (Land Rover) It’s launching as the four-door Defender 110, while a two-door … [Read more...] about Test drive: The Land Rover Defender is ready for an off-road battle