2007 Mercedes-benz Sl-class on 2040-cars

Auto blog

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.

Automakers suspend some business in Russia following invasion

These Russian GAZ Tigr infantry mobility vehicles were destroyed by Ukrainian fighters in Kharkiv on Monday. (Getty Images)   Global auto and truck makers, including Sweden's Volvo Cars and Germany's Daimler Truck, on Monday suspended some business in Russia following that country's invasion of Ukraine. Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War II. Many firms have idled operations in Russia following Western sanctions against Russia. Energy giant BP Plc, Russia's biggest foreign investor, abruptly announced over the weekend it was abandoning its 20% stake in state-controlled Rosneft at a cost of up to $25 billion. On Monday, Swedish automaker Volvo Cars said it would suspend car shipments to the Russian market until further notice, becoming the first international automaker to do so as sanctions over the invasion continue to bite. In a statement, the company said it had made the decision because of "potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US." "Volvo Cars will not deliver any cars to the Russian market until further notice," it said. A Volvo spokesman said the carmaker exports vehicles to Russia from plants in Sweden, China and the United States. This came as Russia warned Sweden and Finland not to join NATO or risk facing “serious military-political consequences." Volvo sold around 9,000 cars in Russia in 2021, based on industry data. Earlier on Monday, RIA news agency reported Volkswagen had temporarily suspended deliveries of cars already in Russia to local dealerships, citing a company statement. VW had no immediate comment when contacted by Reuters. VW previously said it would halt production for a few days this week at two German factories after a delay in getting parts made in Ukraine. Daimler Truck said on Monday it would freeze its business activities in Russia with immediate effect, including its cooperation with Russian truck maker Kamaz. Mercedes-Benz Group is also looking into legal options to divest its 15% stake in Kamaz as quickly as possible, the Handelsblatt newspaper reported. A Mercedes spokesperson told Reuters business activities would have to be re-evaluated in light of the current events. Mercedes-Benz Group, formerly Daimler AG, was the parent company of Daimler Truck before the truck maker was spun off.

2016 Mercedes-Benz GLE priced from $52,025

Mercedes-Benz released its full 2016 model year lineup and pricing details, and we've learned that the M-Class-replacing GLE will start at $52,025, including $925 for destination. The German automaker confirmed a few changes to the rest of its lineup, as well. For the GLE, that $52,025 price gets you the base GLE350. The GLE350 with 4Matic all-wheel drive starts at $54,525. The rest of the GLE range consists of the diesel-powered GLE300d 4Matic at $53,425, the GLE400 4Matic at $65,525, the GLE63 AMG at $100,875, and the range-topping GLE63 S AMG at $108,025. Mercedes will also offer the GLE500e 4Matic plug-in hybrid, but exact pricing for that model has not been released as of this writing. The GLE models start hitting dealers in August. Pricing for the BMW X6-fighting GLE Coupe – available in GLE450 and GLE63 forms – is also unknown. Elsewhere in the range, Mercedes-Benz will offer a new, diesel-powered C300d 4Matic, which goes on sale in February 2016. We already know the C-Class gets a new C350e plug-in hybrid model this year, which will arrive in September. Finally, the C400 has been killed, replaced by the C450 AMG Sport. Pricing for these new C-Class models has not been released. The small SLK roadster will receive a refresh soon, where it will be renamed SLC. In the meantime, the base SLK250 is now the SLK300, and comes with a nine-speed automatic transmission. Finally, Mercedes confirms the CLA will get a special "Edition: Orange" model, available on the CLA250 and CLA250 4Matic, limited to just 750 units nationwide. A host of other, smaller updates are available across Mercedes' model range. Read all about them in the very detailed press release, below. Related Video: MERCEDES-BENZ ANNOUNCES 2016 MODEL YEAR PRICING AND PRODUCT UPDATES The unprecedented product offensive continues with a host of exciting new models June 12, 2015 - MONTVALE, NJ -- Mercedes-Benz USA today announced pricing and model year changes for the 2016 Mercedes-Benz product portfolio. The company continues to expand its highly desirable model range this year with the addition of the awe-inspiring new Mercedes-AMG GT S, the ultra-exclusive Mercedes-Maybach S600, the sporty and versatile GLE, the sleek and stylish new GLE Coupe and the highly anticipated new GLC that will succeed the popular GLK when it arrives in U.S. showrooms in late November. In addition, smart will also welcome a redesigned smart fortwo that will launch in the U.S. market in September.