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China's BAIC looks to invest in Daimler

Daimler and Beijing Automotive Group (BAIC) are already intertwined in China. Daimler is a 12-percent shareholder in BAIC Motor, the third largest shareholder in the passenger-car division of BAIC. They have a joint manufacturing venture Beijing Benz in which BAIC is the majority partner by one percent, a sales joint venture Beijing Mercedes-Benz Sales Service Co. in which Daimler is the majority partner by one percent, and Daimer says, "BAIC is our most important partner in China." Beijing Benz is ten years old this year. They'll become even closer if talks between the two concerning BAIC taking "a major stake" in the German conglomerate come to anything. Reuters reports that the two are in talks now, with BAIC Chairman Xu Heyi saying it should be resolved one way or another by the end of this year. If they agree, the China-based, Hong Kong-listed company will join Renault-Nissan and the Kuwait Investment Authority as Daimler's top shareholders. Some China analysts see a potential Daimler investment as a coup for BAIC, similar to BAIC's 2009 purchase of old Saab platform, engine, and transmission technologies, that would give it access to technologies it wouldn't have to develop on its own and hastening the development of its own cars. A deal is also seen as potentially opening up export possibilities for the Chinese company. Other analysts aren't sure that BAIC would get any useful technology, noting that that last deal between the two gave BAIC the outdated E-Class platform, but none of Mercedes' headline tech. If a deal is done, BAIC will join Dongfeng Group and SAIC as Chinese automaker investors in western automotive companies.

Mercedes-Benz pickup could come to US

Mercedes-Benz USA CEO Steve Cannon says the brand has until the end of the year to decide whether to bring its upcoming midsize pickup truck to the United States. "We said to Stuttgart, 'We are open, and let us assess the market.' If that leads to us saying 'green light,' then we will bring it," Cannon said to Automotive News. Mercedes-Benz Vans is leading the pickup's development, and the company's official announcement said the truck's intended markets are Latin America, South Africa, Australia and Europe. The vehicle is expected to launch by 2020. The company might take advantage of some of Nissan's truck expertise on the project, but that's not decided yet, according to Renault-Nissan CEO Carlos Ghosn. However, if the Mercedes pickup makes it to the US, it wouldn't be the same utility-oriented model as for the rest of the world. Instead, Cannon indicates that the truck would be adapted to fill a more luxurious role in the lineup and wouldn't be limited to dealers that sell vans. "For a Mercedes-Benz household that has a lot of stuff or a lot of kids or they want to tow the boat - we could offer something to customers who are already luxury-predisposed," he said to Automotive News. Keep in mind none of this is set in stone, and Mercedes doesn't have to offer the model here because "officially it was approved without US volume," Cannon said to Automotive News. He thinks the truck would be a niche vehicle and sales might only be around 10,000 units a year. With pickups among the leading segments in transactions over $50,000 in the US, the market could still be the right fit for the traditionally high-end German brand. Related Video:

Here's how wildly expensive it is to participate in F1

The cost of competing in Formula One racing is extremely high. Not in the physical and lifestyle sense, although that too takes a major toll on each team and driver, but in a literal hand-over-the-cash sense. Each F1 team pays hundreds of thousands of dollars to enter, plus a fee for every single point the team earned in the previous season. Motorsport.com recently detailed just how absurdly pricey entering the F1 field is. According to the piece, the price of entry goes up each year due to the U.S. Consumer Price Index. For 2019, the entry fee is $546,133, and it doesn't stop there. There are additional dues required of each team based on where the team finished in the previous season. Interestingly, the winners pay more. For example, Mercedes-Benz, the constructor champion for the past five years, must pay $6,553 per point it scored in 2018. With 655 points scored, that's $4,292,215. All other teams must pay $5,459 per point. For a full rundown of what the teams will be paying for 2019, check out the full article here.Related Video: