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Four-leaf clovers, hybrid Hondas and the next automotive downturn | Autoblog Podcast #561

On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Associate Editor Reese Counts. The group discuss the Alfa Romeo Stelvio Quadrifoglio, the Mercedes-Benz CLS 450 and the Honda Clarity PHEV Alex has been driving in Seattle. They also discuss the future of the auto industry, how customer tastes and needs are changing and what might happen if the world faces another economic downturn. Finally, we spend your money.Autoblog Podcast #561 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Alfa Romeo Stelvio Quadrifoglio Mercedes-Benz CLS 450 Honda Clarity PHEV The next automotive downturn Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Zetsche's CEO tenure extended through 2016 at Daimler

There appear to be two takes on Daimler CEO Dieter Zetsche having his contract extended for three more years, to 2016. A report in The Detroit News quotes the chairman of Daimler's supervisory board, Manfred Bischoff, talking up the stability at the top, "With today's extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level." Bischoff also stated that that Zetsche has a plan to "further enhance Daimler's overall performance."
Over at Reuters, though, the three-year extension was seen as a lack of complete confidence in Zetsche's plans, since his contract was supposedly meant to be extended by five years. A spokesman said the board decided to extend executive contracts by only three years if the person was 60 or would turn 60 during the contract, but that was news to observers. Zetsche wants to make Mercedes-Benz the top selling luxury manufacturer globally by 2020, but has fallen to third place behind Audi and BMW. It hasn't held the top spot 2005, and investors judged it valued at half that of BMW at the end of 2012 once Daimler's truck business was subtracted.
Analysts cites the fact that Daimler stock hasn't bested its rivals but twice in twelve years, and that the company revised its profit target downward last year by nearly one billion euros, warning of stagnant earnings this year and will miss its original margin target for 2013.

Mercedes owners cause traffic jam during 40 minute standoff

Two Mercedes-Benz drivers in the UK refused to give way in a one-lane tunnel causing a frustrating traffic jam for everyone else on the road. The tense standoff occurred on Forlease Road in Maidenhead, England. A woman in a convertible Mercedes entered a tunnel where she had the right of way to proceed, according to The Daily Mail. However an older man, also in a Mercedes, was almost through the tunnel and seemed unable to reverse. In the video, frustrated drivers are seen negotiating, pleading, and arguing with each of the drivers, trying to convince one of them to give up the ground. While traffic was piling up behind the woman's Mercedes, a man in a reflective vest yelled at her in frustration. "There are mums around here trying to get their kids from school," he pointed back at the cars standing still behind her. "Just back up, love! You're being ridiculous." Bystander Brad Haverly shot the video. He told The Mail that the woman wouldn't give up because she had the right of way, even though the elderly driver was too scared and confused to back up. His first attempt almost sent his car careening into the oncoming Mercedes. After 40 minutes the elderly man reversed with help from bystanders. Traffic began to flow through the tunnel shortly afterwards. Both motorists were gone by the time police arrived. News Source: The Daily Mail Weird Car News Mercedes-Benz Driving Luxury Videos traffic traffic jam