March 11, 2019 Chinese internet group Baidu Inc has led a $450-million Series C round into Weltmeister Motor while Orchid Asia has led a $70-million round into Chinese wedding services provider Hunliji. Baidu Inc leads $450m Series C round into Weltmeister Motor Electric vehicle maker Weltmeister Motor has raised RMB 3 billion ($450 million) in a Series C round led by… Continue reading China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji
Category: Automotive
January 2019 new car pre-registration figures
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Dana buys stake in CV electrification company Hyliion
Zenvo Returns With 1177 Horsepower TSR-S – CarBuzz
The car features multiple adjustable performance settings, including a variable power output. At its least limited setting, the massive 5.8-liter twin-supercharged V8 produces 1,177 hp at 8,500 rpm and 811 lb-ft of torque. Power is sent through a seven-speed paddle shift dog box, which Zenvo says is one of the fastest-shifting transmission in existence. 0-62… Continue reading Zenvo Returns With 1177 Horsepower TSR-S – CarBuzz
Mercedes-Benz sells more than 150,000 cars in February
11.
March 2019
Stuttgart
Mercedes-Benz B 200 d: Fuel consumption combined 4.5-4.2 l/100 km, CO2 emissions combined 119-112 g/km* Mercedes-Benz sold 152,690 vehicles worldwide in February (-6.7%). In Germany, the best February unit sales of the past ten years were achieved with 23,119 Mercedes-Benz cars sold (+7.3%). The new B-Class was launched in Europe on February 16 and posted a sales increase of more than 16% last month in this region. In the first two months of the year, Mercedes-Benz sold 333,229 units (-6.7%). “We assume that the ongoing model changes will result in significant sales impetus in the coming months. At Mercedes-Benz, we continue to see strong demand worldwide for our current and new models,” stated Britta Seeger, Member of the Board of Management of Daimler AG responsible for Mercedes-Benz Cars Marketing and Sales. Stuttgart – In the first two months of this year, Mercedes-Benz delivered 333,229 cars worldwide (-6.7%). In February, 152,690 vehicles with the three-pointed star were sold worldwide (-6.7%). The model changes in the highest-volume segments SUVs and compact cars had an impact on sales in all regions also last month. The worldwide decrease in unit sales compared with the same month of last year is largely due to the discontinuation of the predecessor models of the CLA and the GLE. Meanwhile, the new B-Class had a positive effect on sales in Europe. B-Class deliveries increased more than 16% in Europe in the month of market launch and in Germany even more than 40%. Since the beginning of the year, Mercedes-Benz has maintained its market leadership in the premium segment in markets including Germany, the United Kingdom, Italy, France, Switzerland, Portugal, Poland, Denmark, South Korea, Australia, the United States, Canada and South Africa.
“We are delighted that the new B-Class has had such a positive impact on Mercedes-Benz unit sales so soon after the market launch in Europe. At the Geneva International Motor Show, we presented the latest generation of our top-selling SUV, the GLC, which will ensure further enthusiasm among our customers this year,” stated Britta Seeger, Member of the Board of Management of Daimler AG responsible for Mercedes-Benz Cars Marketing and Sales. “We assume that the ongoing model changes will result in significant sales impetus in the coming months. At Mercedes-Benz, we continue to see strong demand worldwide for our current and new models.”
Mercedes-Benz unit sales by region and market
In Europe, Mercedes-Benz sold a total of 63,560 vehicles in February (-0.1%). The model change of the GLE and the discontinuation of the previous model had an impact on sales in various European markets. In Germany, the core market, 23,119 cars with the three-pointed star were delivered, representing an increase of 7.3%. This was the best February in the past ten years for unit sales in Germany. In the domestic market of Mercedes-Benz, the sales growth was driven in particular by the new A-Class, the new B-Class, and the new C-Class Saloon and Estate. In February, Mercedes-Benz was also able to increase its total unit sales in markets including France, Belgium, Russia, the Netherlands and Poland.
In the Asia-Pacific region, 59,253 cars were delivered to customers by Mercedes-Benz in February (-9.8%). In China, where sales are traditionally weaker in the month of the Chinese new year, 40,733 customer decided in favour of a car with the star (-5.4%). Sales in January and February totalled 112,430 units, more than ever before in the first two months of a year in China (+0.9%).
In the NAFTA region, Mercedes-Benz posted total unit sales of 25,757 cars delivered last month (-14.0%). In the core market, the United States, a total of 21,660 customers were delighted to receive their new automobile with the star (-12.5%). The model changes also had an impact in the USA, with a double-digit drop in unit sales of the GLE for example. Sales of the new C-Class Saloon increased at a double-digit rate in the USA in February.
Mercedes-Benz unit sales by model
Sales of Mercedes- Benz compact cars in the first two months of 2019 were slightly above the prior-year level: More than 81,700 customers were delighted to receive their new A- or
B-Class, CLA, CLA Shooting Brake or GLA in January and February (-4.6%). Meanwhile, the model change for the compact cars continues. The new A-Class recorded sales growth worldwide for the sixth month in succession (+20.8%). Following the market launch of the new B-Class in Europe on February 16, the new model achieved double-digit growth in deliveries in Europe, especially in Germany, the United Kingdom, France and Spain.
Sales of the new C-Class Saloon and Estate models have reached a new high with approximately 66,500 cars delivered in the first two months of this year (+4.9%). Sales of
the new C-Class Estate in particular increased worldwide in February (+15.8%). Last month, every fifth vehicle sold worldwide by Mercedes-Benz was a C-Class Saloon or Estate.
Of the Mercedes-Benz dream cars, approximately 11,000 Coupés, Cabriolets and Roadsters were delivered to customers worldwide in February (-3.0%), including the popular CLS Coupé. In the first two months of the year, every fourth dream car with the star sold worldwide was a CLS Coupé.
smart
In February, 7,854 cars of the smart brand were sold (-6.1%). Sales in Germany of the two- and four-door urban microcars reached a new record with an increase of more than 11% in the first two months of the year. The smart models were popular also in France, Portugal and Switzerland in February, with double-digit sales growth in each of those markets.
Overview of Mercedes-Benz Cars unit sales
February 2019
Change in %
Year to February 2019
Change in %
Mercedes-Benz
152,690
-6.7
333,229
-6.7
smart
7,854
-6.1
16,151
-8.2
Mercedes-Benz Cars
160,544
-6.6
349,380
-6.7
Mercedes-Benz
unit sales in the regions/markets
Europe
63,560
-0.1
121,523
-5.7
– thereof Germany
23,119
+7.3
42,415
-2.4
Asia-Pacific
59,253
-9.8
152,487
-4.8
– thereof China
40,733
-5.4
112,430
+0.9
NAFTA
25,757
-14.0
51,825
-12.7
– thereof USA
21,660
-12.5
44,167
-11.8
Press Contact
Katja Liesenfeld
Manager Global Business Communications
Sales & After Sales Mercedes-Benz Cars
katja.liesenfeld@daimler.com
Tel: +49 711 17-32972
Fax: +49 711 17-790-24594
Christopher R. Springer
Global Business Communications
Sales & After Sales Mercedes-Benz Cars
christopher_renz.springer@daimler.com
Tel: +49 711 17-33806
Fax: +49 711 17-7902-3252
Sofia Stauber
Head of Global Business Communications
Mercedes-Benz Cars
sofia.stauber@daimler.com
Tel: +49 711 17-40598
Fax: +49 711 17790-91184
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Elon Musk says Tesla will raise prices and slow down store closures
Mike Blake | Reuters
Elon Musk
Tesla CEO Elon Musk told employees in an e-mail late Sunday night that the electric car maker would shift its sales plans yet again — raising prices by about 3 percent on most of its cars and keeping more stores open than it had previously planned.
In addition to the e-mail to all employees, Tesla also published a blog post Sunday night, conveying these details to shareholders and the general public.
Tesla caused controversy in recent weeks announcing it would shut its stores and shift worldwide sales to online only. The move was presented as a full embrace of e-commerce, and a cost-cutting measure that would enable Tesla to sell the base version of its electric sedan, the Model 3, at the long-awaited price of $35,000 finally.
Many Tesla sales employees were left wondering whether their stores — and jobs — would be among those immediately cut.
The internal e-mail Musk sent on Sunday may help calm those who remained at Tesla after lay-offs in January, and ongoing job cuts after that.
Tesla did not immediately respond to a request for further information, including which specific stores would be reopening.
Here's the memo in its entirety.
From: Elon Musk
To: Everybody
March 10, 2019
We are making an adjustment to our plans and will, at least for the next several months, retain more stores than previously announced. For the most part, the roughly 10% of Tesla sales locations we closed recently don't pass the Sherlock Holmes test. Meaning, most of these stores are in such difficult or obscure locations, only Sherlock Holmes could find them! Even if selling through stores were our only means of sales, we would still have closed them down. A few stores in high visibility locations that were closed due to low apparent demand generation will be reopened, but with a smaller Tesla crew.
There are another 20% of locations that are under review. Depending on their effectiveness over the next few months, some will be closed and some will remain open.
As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% or so on average worldwide. All things considered, this seems like a reasonable compromise between current and future customers. We will only close about half as many stores, but the cost savings are therefore only about half.
Potential Tesla owners will have a week to place their orders before prices rise, so current prices are valid until March 18th. Note, there will be no price increase to the $35,000 Model 3. The price increases will only apply to the more expensive variants of Model 3, as well as Model S and X.
To be clear, all sales worldwide will still be done online, in that potential Tesla owners coming in to stores will simply be shown how to order a Tesla on their phone in a few minutes. And the generous return policy of 1000 miles or 7 days, whichever comes first, should alleviate the need for most test drives at stores at the potential Tesla owner's request. Stores will also carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately.
Thanks,
Elon
Morgan – the last family-owned British carmaker set to sell to Italian firm
“ Morgan Motor Company has announced that Italian investment firm, Investindustrial, will take over majority ownership of the car company in April. Investindustrial has announced the acquisition of a majority stake in Morgan Motor Company – image courtesy of Investindustrial The announcement occurred at the Geneva motor show, alongside the company unveiling its latest Morgan… Continue reading Morgan – the last family-owned British carmaker set to sell to Italian firm
February 2019 Sales Results
HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure Title : February 2019 Sales Results 1. Sales Results: *Monthly sales Category (units) February 2019 January 2019 MoM % Change February 2018 YoY % Change Sales Unit Domestic 53,406 60,440 -11.6 50,200 6.4 Overseas 259,766 254,954 1.9… Continue reading February 2019 Sales Results
Former Merseyside Uber driver lifts lid on dodgy driver tactics and how they affect your journeys – Liverpool Echo
A former Merseyside Uber driver has lifted the lid on the sneaky tactics used by drivers that could be affecting your journeys. The driver – who also worked as an adviser for the app firm until recently – says there are issues with the mobile app that some drivers are exploiting – and that he… Continue reading Former Merseyside Uber driver lifts lid on dodgy driver tactics and how they affect your journeys – Liverpool Echo
Fiat Chrysler may backtrack on diesel ban pledge
Group will not pull diesel options from models if it means losing significant sales Go to Source