Arctic White Navigation Black Leather Rear Camera 4wd Financing 13 Warranty Used on 2040-cars

Auto blog

Daimler buying 12% stake in Beijing Auto

Daimler and Beijing Automotive are officially going steady, with the German company set to take a 12-percent stake in the Chinese brand tomorrow. The two are already tied up in a Mercedes engine plant in Beijing, of which BAIC will increase its stake in, from 50 to 51 percent. Daimler will also get two seats on the Chinese company's board. BAIC may also gain the ability to produce cars on Mercedes-Benz platforms, according to Automotive News Europe.
The investment in BAIC comes ahead of that company's initial public offering, according to a report form Bloomberg, which indicates the deal will be inked tomorrow in the Chinese capital. According to the report, if the circumstances are right, BAIC may turn around and invest in the Germany company "soon."
It's not entirely clear just how much the 12-percent cut is costing Daimler, although it seems reasonable to assume that, as it's ahead of the IPO, the parent company of Mercedes is getting a bit of a bargain.

Mercedes SL backs into Ferrari 458 Speciale while parking

There are a lot of people with the money to buy nice cars, but an absolute inability to drive them. And that's how this Mercedes-Benz SL ended up beached on the nose of a Ferrari 458 Speciale. It happened at a Virginia cars and coffee event, and that inability to drive we mention doesn't refer to the poor Ferrari owner. According to the YouTube description, the driver of the 380SL was attempting to parallel park when she landed on top of the hot 458. But since the video doesn't start until the Benz has landed, we only have the video uploader's word. But don't click away yet – the Ferrari's owner returned to the scene. Despite a hint of adult language, he's far more calm than we would be in that situation. That doesn't mean he's not angry, decrying the crash as "the dumbest thing I've ever seen." We agree, especially when you notice space between the 458 Speciale and the Nissan 300ZX in front of it. This was by no means a tight or difficult place to park, even without George Constanza's god-given parallel parking skills. Even a semi-competent driver could have maneuvered a vehicle far larger than a 15-foot-long roadster between the two cars with room to spare. Related Video: News Source: Media Gamut Motoring via YouTube Ferrari Mercedes-Benz Convertible Coupe Luxury Performance Videos mercedes sl-class cars and coffee

Weekly Recap: Toyota propels hydrogen fuel cells

Toyota is serious about hydrogen fuel cells, and it wants the auto industry to follow suit. The Japanese automaker said this week it's releasing 5,680 fuel cell patents from around the world, including technologies used on its upcoming sedan, the 2016 Mirai. The move is unusual, but not unprecedented, as Tesla similarly released its electric vehicle patents last year. The idea for Tesla, and now for Toyota, is to spur development of alternative propulsion. "By eliminating traditional corporate boundaries, we can speed the development of new technologies and move into the future of mobility more quickly, effectively and economically," said Bob Carter, Toyota Motor Sales senior vice president of automotive operations, in a statement. Toyota's fuel cell patents will be free to use through 2020, though patents related to producing and selling hydrogen will remain open forever. Toyota said it would like companies that use its patents to share their own hydrogen patents, but won't require it. "What Toyota's doing is really a logical move, and really a good move for the industry," Devin Lindsay, principal powertrain analyst with IHS Automotive, told Autoblog. The announcement was made at the Consumer Electronics Show in Las Vegas. It comes as Toyota prepares to launch the hydrogen-powered Mirai in a limited number late this year in California. The launch will be extended to the Northeastern United States next year. Toyota also has announced plans to support networks of fueling stations in each region to try to smooth consumer adoption. The Mirai has a 300-mile range on a tank of hydrogen, and it takes about five minutes to refill. Fuel cells have been receiving increased attention recently, and Audi and Volkswagen debuted hydrogen-powered cars at the 2014 Los Angeles Auto Show. Honda, another proponent of the technology, also showed its updated FCV concept in November in Japan. The company, however, has delayed its fuel cell sedan a year until 2016. Like Toyota, Honda says its hydrogen-powered car will have a range of 300 miles or more. Meanwhile, Hyundai currently offers leases for fuel-cell powered Tucsons, which have a 265-mile range, in Southern California. Despite the optimism some automakers have for fuel cells, the technology still faces barriers. A lack of filling stations has long held it back, and many consumers are not familiar with the potential benefits.