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Daimler, Toyota, BMW to lead $10-billion hydrogen investment

Daimler, BMW, and Toyota are leading a group of 13 companies pledging to invest more than $10 billion during the next five years to spur enough infrastructure-building and technology advancements to get more of the general public to buy hydrogen fuel-cell vehicles. The automakers, which also include Honda and Hyundai, as well as companies such as Shell, AirLiquide, Linde Group, and Total SA, are part of what they're calling the Hydrogen Council. The group made its announcement in Davos, Switzerland, on Tuesday. The Hydrogen Council will pledge to accelerate its rate of hydrogen-related investments, which currently stand at about $1.5 billion annually. The coalition says its work represents a continuation of the 2015 Paris Agreement, in which many of the companies agreed to address the issue of climate change. The group says that hydrogen, which emits water vapor when used in fuel-cell vehicles, "can play an important role in the transition to a clean, low-carbon, energy system." The Hydrogen Council also vowed to push global governments to accelerate public investment in hydrogen-related infrastructure. Relative to other drivetrain technologies, hydrogen fuel-cell vehicles are in their relative infancy in terms of adoption because of the high cost of both building fuel cell vehicles and setting up a hydrogen-refueling infrastructure. Toyota is the only automaker that sells a production fuel-cell vehicle in the US. The Japanese company, which introduced its Mirai domestically in late 2015, sold 1,034 of them in the US last year. Daimler subsidiary, Mercedes-Benz, used Tuesday's announcement to remind people that it would start selling its GLC plug-in hydrogen fuel-cell crossover this year. There are only 33 publicly accessible hydrogen refueling stations in the US, including 30 in California, and one each in Connecticut, Massachusetts, and South Carolina, according to the US Department of Energy. By comparison, there are more than 15,000 electric-vehicle charging stations with almost 40,000 outlets in the US. Related Video: Featured Gallery 2017 Mercedes-AMG GLC43 News Source: Daimler/Hydrogen Council via Bloomberg, Automotive News-sub.req. Green BMW Honda Hyundai Mercedes-Benz Toyota Hydrogen Cars infrastructure mercedes f-cell

Daimler CEO says nobody is making money on EVs right now

What do you charge for a vehicle you're going to lose money on? If you're Mercedes-Benz and the vehicle in question is the B-Class Electric Drive, you offer it for lease for just 399 euros ($498) a month with a down payment of 8,473 euros ($10,582). If Daimler was going to price it honestly, it seems, the number would have to be a lot higher. "Nobody today is making a battery-powered vehicle that's economically viable." – Daimler CEO Dieter Zetsche That's according to Daimler CEO Dieter Zetsche, who spoke to reporters in Spain recently and said that, "You can reasonably say that nobody today is making a battery-powered vehicle that's economically viable in its own right. Manufacturers will not see a return within a reasonable time on the billions they're investing now." There are ways to make money in EVs, of course. Just ask Daimler, which recently sold its stake in Tesla for a cool $780 million. Zetsche has some EV-critical company in executives like Fiat Chrysler CEO Sergio Marchionne, who has said his company loses over $10,000 on each Fiat 500E it sells. Other automakers – e.g., Tesla, Nissan – are much more positive about their financial bet on EVs, but no one is opening all their books to the public to prove this. Tesla, which worked with Mercedes on the B-Class ED, will have an earnings call with investors later today, so perhaps we'll learn something new in a few hours. The B-Class ED lease deal is for 36 months, based on an MSRP of 39,151 euros ($48,895) in Europe, including the 19 percent VAT. You can read more in the press release below. Commercial release of Mercedes-Benz B-Class Electric Drive: Local emission-free driving from ˆ399/month Stuttgart, Nov 03, 2014 With its high-torque electric motor, the B-Class Electric Drive delivers lively and superior driving pleasure – with zero local emissions. The B-Class Electric Drive is now available to order, with deliveries set to start before the end of 2014. Prices start at ˆ39,151[1]. The B-Class Electric Drive can be leased through the Mercedes-Benz Bank from ˆ399 a month[2]. Further information on the full range of tailor-made leasing and financing offers as well as specific pricing examples are available at http://www.mercedes-benz-bank.de. Quiet and local emission-free driving is ensured by a 132 kW electric motor, which, as is typical of an electric drive, delivers its maximum torque of 340 Nm right from the start. The result is noticeably powerful acceleration from rest.

Mercedes-AMG expands V12 engine production to Mannheim

Mercedes-AMG may be downsizing some of its engines, but it hasn't given up on making V12s. In fact it has so much demand for them, and so little room to expand, that it is opening a new workshop at another location just to handle V12s. We take that as a good sign. That new location is the Daimler factory in Mannheim, in southwestern Germany, which is already dedicated to engine production and is located just an hour and a half from the Mercedes headquarters in Stuttgart and the main AMG workshop in neighboring Affalterbach. But although the assembly of its 12-cylinder engines is being moved, it will still be carried out under the "one man, one engine" philosophy that sees each motor built from start to finish by one highly skilled and specially trained AMG technician. The move will give AMG the capacity to build more of its V12 engines. But it will also make use of excess capacity at the Mannheim plant, and allow the Affalterbach site to use the space and technicians freed up by the V12 move to focus instead on V8s. Those concerned about AMG's ability to maintain its levels of quality and performance at a remote location might note that production of its turbocharged four-cylinder engines for the A45, CLA45, and GLA45 models is already carried out by MDC Power GmbH, a Daimler subsidiary in Kolleda, using the same philosophy. AMG's current 6.0-liter twin-turbo V12 engine produces a massive 621 horsepower and an even more impressive 738 pound-feet of torque. It's used in the SL65 roadster, G65 sport-ute, and S65 coupe and sedan... and maybe soon in the S65 cabrio as well. Come to think of it, a twelve-cylinder version of the new GLS seems like a good idea, too. And though Aston Martin is contracted to use AMG's eight-cylinder engines, the added capacity could get the creative juices from Gaydon flowing as well. Related Video: MERCEDES-AMG TO BUILD 12-CYLINDER ENGINES IN MANNHEIM Affalterbach. Due to strong demand for its high-performance automobiles, Mercedes-AMG is to start the assembly of its 12-cylinder engines in a new location at Daimler's site in Mannheim. The traditional AMG "one man, one engine" philosophy continues to hold true: each powerful AMG engine will be built completely by hand by just one engine fitter. The employees who currently assemble 12-cylinder engines at the AMG headquarters in Affalterbach will be shifted to the eight-cylinder engine lines.