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Mercedes spotted testing updated A45 AMG

Now on the market (or some markets at any rate) for a couple of years already in its current form, Mercedes is preparing a slight refresh for the A-Class. And that means a new A45 AMG performance version, as well. Pictured undergoing testing in Germany, this prototype is hiding some enhancements for the littlest Benz. We're expecting the updates to be rather subtle, but they ought to help the Silver Star hatch keep up with the likes of the BMW 1 Series and Audi A3 in the increasingly competitive premium hatchback market. Best of all, Mercedes is tipped to be preparing an even more powerful A45 AMG S with over 400 horsepower to keep pace with the upcoming Volkswagen Golf R400. Unfortunately the A-Class isn't offered in North America, but we can hope that some of the enhancements (especially in the performance department) are ported over to the CLA-Class sedan and GLA crossover as well. Related Video:

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.

Daimler rebuffs Geely offer to buy stake

HONG KONG/BEIJING - Daimler AG has turned down an offer from China's Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources with knowledge of the talks said. A stake of that size would be worth $4.5 billion at current market prices. Although Daimler declined the offer, it told Geely it was welcome to buy shares in the open market, the sources added. Carmakers in China have embarked on a flurry of dealmaking, as they scramble to boost production of electric and plug-in hybrid vehicles ahead of tough new quotas to be imposed by Beijing, which wants to reduce urban smog and lower the country's reliance on oil. People with knowledge of Geely's thinking said the company was keen to access Daimler's electric car battery technology and wanted to establish an electric car joint venture in Wuhan, the capital of Hubei province. Geely, which also owns Swedish car maker Volvo, is still hopeful it can secure a deal in some form over the coming weeks, they added. The two automakers met in Beijing in recent weeks at Geely's behest. There, the Chinese firm, formally known as Zhejiang Geely Holding Group, offered to take a stake of between 3 percent and 5 percent if Daimler would issue new shares at a discount, the sources said. It was not immediately clear what kind of discount for the shares Geely had in mind or whether Geely was interested in buying the shares on the open market. A spokesman for Geely declined to comment. A spokesman for Daimler said the company was "very happy with our shareholder structure at present", but added that it would welcome new investors with a long-term interest in the company. Shares in Daimler were up 1 percent in early Wednesday trade, in line with the broader market.DAIMLER ALREADY TIED TO BAIC, BYD Geely, which has a market value of some $32 billion, is the leading domestic brand in China with a 5 percent market share, according to an analysis by Nomura Securities. A stake of 5 percent would establish it as Daimler's third-largest shareholder behind the Kuwait Investment Authority and BlackRock, who hold 6.8 percent and 6 percent respectively, according to Reuters data.