Tag: Daimler

Nissan, Toyota, Mercedes, VW, Honda, BMW, Lexus, Infiniti, & Audi Sales Drop In USA, While Ford & GM Hide

We have a weird situation. Not that long after GM decided to stop sharing monthly US sales figures, Ford has now followed suit and done the same. This is making monthly market sales report quite challenging. Of course, underneath the GM and Ford brands are Chevrolet, Lincoln, Buick, and Cadillac

#1 Safest, Quickest, Techiest, Sexiest, Best Car for €50,000 to €60,000 — #Tesla Model 3 Now Invading Europe

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Cars Published on February 8th, 2019 | by Zachary Shahan
#1 Safest, Quickest, Techiest, Sexiest, Best Car for €50,000 to €60,000 — #Tesla Model 3 Now Invading EuropeTwitterLinkedInFacebookFebruary 8th, 2019 by Zachary Shahan

Safest: The Tesla Model 3 received the best safety score ever from the US NHTSA.
Why buy a Volvo when you can get a Model 3? …

Quickest: Tesla performance is unmatched in mass-market vehicles. The Tesla Model 3 Performance can go from 0–60 mph (0–100 km/h) in 3.3 seconds. The Model 3 Long Range does that in 4.5 seconds. The Model 3 Mid Range accelerates to that speed in 5.6 seconds. No matter which Model 3 trim you pick, it’s the quickest car for the price, and it’s genuinely quicker than anything you really need (though, the acceleration can be useful in many situations — like merging into traffic, passing big trucks, etc.).
Why buy a BMW when you can get a Model 3? …

Techiest: There is absolutely nothing like the tech in a Tesla. It seems all other automobiles are a decade or two behind. I feel like I’m in another era when using the old-school knobs, switches, and Mario Bros navigation screens of non-Tesla vehicles. Going backward from a smartphone seems illogical. Going backward from the touchscreen and advanced software of a Tesla seems equally illogical.
Why buy an Audi when you can get a Model 3? …

Sexiest: Okay, this is purely a matter of taste. Beauty is in the eye of the beholder. But seriously — jaws dropped and mouths watered when the Tesla Model 3 was first shown. The lady in front of me in line at 6:30 am on March 31, 2016, to make a reservation was in line simply because the Model S was so beautiful, but too expensive. The Model 3 looks like the more attractive offspring of an Aston Martin, a Porsche, and a Model S, imho. This is the car. It is like a 21st century Model T — with attitude.
Why buy a Mercedes when you can buy a Model 3? …

Best: Add all of that up, throw in some wicked total cost of ownership numbers, count the benefits of the zero emissions, remind yourself of the convenience of home charging and destination charging, consider the Full Self Driving potential if you didn’t do so in the “Techiest” section, make some space in the frunk for a puppy once in a while, and tell yourself the Model 3 isn’t now the best car for the price on the market. I personally don’t think it’s possible to objectively consider another €50,000–60,000 car the best value choice. And I imagine hundreds of thousands of European buyers agree with me.
Why buy a Lexus when you can buy a Model 3? …

As you may have noticed, the Tesla Model 3 arrived in Europe yesterday. The invasion begins. …
Note: If you ordered a Model 3, Model S, or Model X before February 2 but didn’t use a referral code in order to get 6–9 months of free Supercharging, you can still use my referral code — http://ts.la/tomasz7234 — in order to get that bonus/discount.
Just send an email to buildmy3EMEA@tesla.com with the word “Referral” in the subject line. Put your name, contact information, reservation number (starts with RN), and the referral code you’d like to use in the body of the email (for example, tomasz7234 if you’re using mine).
And enjoy!

Oh, by the way, it’s 4:20 am in Florida. Wake-up time.

About the AuthorZachary Shahan Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

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Volvo Cars courts investors to raise cash for Polestar

The company is also ditching the industry’s traditional route to market via dealers. STOCKHOLM: Volvo Cars is talking to Chinese and U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish company’s chief said on Thursday. Carmakers are seeking partnerships to cut the cost of building new… Continue reading Volvo Cars courts investors to raise cash for Polestar

Volvo Cars feels margin pressure from US-China tariff war

Kristian Helgesen | Bloomberg | Getty Images
Automobiles nearing completion stand on the production line at the Volvo Cars plant in Torslanda, Sweden.

Volvo Cars, owned by China's Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year.

Carmakers have faced rising costs and pricing pressure in some markets due to a trade war between Washington and Beijing in 2018 as well as slower demand from Europe and from China, the biggest autos market.

“For 2019, we see another year of volume growth as we continue to benefit from our strong product program and increased capacity. But we have to be realistic and acknowledge that margins will remain under continued pressure,” Volvo Chief Executive Hakan Samuelsson said in a statement.

Suppliers and automakers have issued new warnings and results misses this year, with Daimler this week reporting a fall in fourth-quarter operating profit.

Volvo said its operating profit increased by 0.9 percent to 14.2 billion Swedish crowns ($1.5 billion) although its margin fell to 5.6 percent from 6.7 percent. This was despite its 2018 revenue rising by 21 percent to 252.7 billion Swedish crowns.

Volvo has been on a growth path under Geely's umbrella, with five straight years of record sales, aided by its steady push into premium automobiles, pitted it against Daimler's Mercedes-Benz and its fellow German rival BMW.

This year will be another year of growth for Volvo Cars, CEO says
38 Mins Ago | 03:28

The Swedish-based firm postponed plans for a listing last year, citing the adverse impact of the tariff war and an industry downturn, while also taking on the costs of retooling its factories in an effort to limit the negative tariff impact.

Speaking to CNBC's “Squawk Box Europe” on Thursday, Samuelsson said the slowdown in the Chinese market had not blindsighted the company.

“After many years of constant growth in China (there is) finally some reduction – I think that shouldn't really be a surprise to anybody,” he said.

“In the European market and the U.S. market we don't see any clear signs of a downturn so far. We really see that this year will be another year of growth because we have the best profit program ever and of course we have the capacity with new factories. Strategically for us it's very important to use that and then improve our market share.”

However, Samuelsson added that an IPO was not a part of this year's growth strategy for Volvo Cars.

“We said it's an option, and it's up to our owner, but we decided right now the climate in the market (is) not suitable for an IPO, so we put that on ice – it's not going to happen this year and we have no plans for that,” he told CNBC.

– CNBC's Chloe Taylor contributed to this report.

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UPDATE 1-Volvo Cars feels margin pressure from U.S.-China tariff war

STOCKHOLM (Reuters) – Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China. FILE PHOTO: Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill The… Continue reading UPDATE 1-Volvo Cars feels margin pressure from U.S.-China tariff war

CORRECTED-Volvo Cars feels margin pressure from U.S.-China tariff war

FILE PHOTO: Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year. Carmakers have faced rising costs… Continue reading CORRECTED-Volvo Cars feels margin pressure from U.S.-China tariff war

Daimler cuts dividend as downturn, R&D costs hit Mercedes

STUTTGART (Reuters) – Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers. Daimler said the return on sales at Mercedes-Benz cars fell to 7.3 percent in the fourth… Continue reading Daimler cuts dividend as downturn, R&D costs hit Mercedes